Hamilton Lane is an American

alternative investment An alternative investment, also known as an alternative asset or alternative investment fund (AIF), is an investment in any asset class excluding stocks, bonds, and cash. The term is a relatively loose one and includes tangible assets such as ...

management and advisory company headquartered in

Conshohocken Conshohocken ( ; Lenape: ''Kanshihàkink'') is a borough on the Schuylkill River in Montgomery County, Pennsylvania in suburban Philadelphia. Historically a large mill town and industrial and manufacturing center, after the decline of industry in ...

Pennsylvania Pennsylvania (; ( Pennsylvania Dutch: )), officially the Commonwealth of Pennsylvania, is a state spanning the Mid-Atlantic, Northeastern, Appalachian, and Great Lakes regions of the United States. It borders Delaware to its southeast, ...

. The company provides

private markets A financial market is a market in which people trade financial securities and derivatives at low transaction costs. Some of the securities include stocks and bonds, raw materials and precious metals, which are known in the financial markets ...

investment solutions to its clients. In 2020,

Preqin Preqin is a privately held London-based investment data company that provides financial data and insight on the alternative assets market, as well as tools to support investment in alternatives. By the company's own definition, its data encompas ...

ranked the firm as the third largest

fund of funds A "fund of funds" (FOF) is an investment strategy of holding a portfolio of other investment funds rather than investing directly in stocks, bonds or other securities. This type of investing is often referred to as multi-manager investment. A f ...

globally with $65 billion in assets under management. The company has 22 offices globally and has offices in

North America North America is a continent in the Northern Hemisphere and almost entirely within the Western Hemisphere. It is bordered to the north by the Arctic Ocean, to the east by the Atlantic Ocean, to the southeast by South America and the Car ...

, Europe, the

Middle East The Middle East ( ar, الشرق الأوسط, ISO 233: ) is a geopolitical region commonly encompassing Arabian Peninsula, Arabia (including the Arabian Peninsula and Bahrain), Anatolia, Asia Minor (Asian part of Turkey except Hatay Pro ...

and Asia-Pacific.

Background

Hamilton Lane was founded in 1991 by Leslie Brun. It was originally formed as a

private equity In the field of finance, the term private equity (PE) refers to investment funds, usually limited partnerships (LP), which buy and restructure financially weak companies that produce goods and provide services. A private-equity fund is both a ty ...

advisory firm for large public pension plans. In 1998, the company added

separately managed account In the investment management industry, a separately managed account (SMA) is any of several different types of investment accounts. For example, an SMA may be an individual managed investment account; these are often offered by a brokerage firm th ...

and

investment management services. On November 18, 2004, Hamilton Lane acquired The Richcourt Group, a fund of

hedge fund A hedge fund is a pooled investment fund that trades in relatively liquid assets and is able to make extensive use of more complex trading, portfolio-construction, and risk management techniques in an attempt to improve performance, such as sho ...

s manager from

Citco The Intelligence Center for Counter-Terrorism and Organized Crime ( es, Centro de Inteligencia contra el Terrorismo y el Crimen Organizado, CITCO) is the Spanish domestic intelligence agency responsible for the prevention of terrorism, organiz ...

as the company continued to expand its product offerings and services. In 2000,

Crédit Lyonnais The Crédit Lyonnais (, "Lyon Credit ompany) was a major French bank, created in 1863 and absorbed by former rival Crédit Agricole in 2003. Its head office was initially in Lyon but moved to Paris in 1882. In the early years of the 20th cent ...

acquired a 24.9% stake in Hamilton Lane. In December 2003, Hamilton Lane sold 40% of the company to a group of outside investors which included Hartley Rogers (who is now the company's chairman) and

Cascade Investment Cascade Investment, L.L.C. is an American holding company and private investment firm headquartered in Kirkland, Washington, United States. It is controlled by Bill Gates, and managed by Michael Larson. More than half of Gates's fortune is held ...

. In May 2006, another investor group which included Rogers, Cascade Investment and

Credit Agricole Credit (from Latin verb ''credit'', meaning "one believes") is the trust which allows one party to provide money or resources to another party wherein the second party does not reimburse the first party immediately (thereby generating a debt), ...

(who had acquired Crédit Lyonnais in 2003), acquired Brun's 12% stake in Hamilton Lane. In February 2012, Hamilton Lane used a $165 million

senior Senior (shortened as Sr.) means "the elder" in Latin and is often used as a suffix for the elder of two or more people in the same family with the same given name, usually a parent or grandparent. It may also refer to: * Senior (name), a surname ...

secured loan A secured loan is a loan in which the borrower pledges some asset (e.g. a car or property) as collateral for the loan, which then becomes a secured debt owed to the creditor who gives the loan. The debt is thus secured against the collateral, an ...

from

Goldman Sachs Goldman Sachs () is an American multinational investment bank and financial services company. Founded in 1869, Goldman Sachs is headquartered at 200 West Street in Lower Manhattan, with regional headquarters in London, Warsaw, Bangalore, H ...

to buy back

's stake in the company.In July 2015, Hamilton Lane bought back Cascade Investment's stake in the company making it majority employee-owned again. On February 2, 2013, Hamilton Lane acquired Shott Capital Management, a

San Francisco San Francisco (; Spanish language, Spanish for "Francis of Assisi, Saint Francis"), officially the City and County of San Francisco, is the commercial, financial, and cultural center of Northern California. The city proper is the List of Ca ...

-based separate accounts manager and provider of distribution management services. In December 2013, Hamilton Lane announced its intention to acquire Paul Capital. However, by February 2014, Hamilton Lane dropped interest in the acquisition after a series of negotiations. On March 1, 2017, Hamilton Lane held its

initial public offering An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment ...

becoming a listed company on the

Nasdaq The Nasdaq Stock Market () (National Association of Securities Dealers Automated Quotations Stock Market) is an American stock exchange based in New York City. It is the most active stock trading venue in the US by volume, and ranked second ...

and raising $200 million. It was priced at $16 on its debut and closed 12.6% up at end of first day of trading. On June 20, 2017. Hamilton Lane acquired Real Asset Portfolio Management LLC, a

Portland Portland most commonly refers to: * Portland, Oregon, the largest city in the state of Oregon, in the Pacific Northwest region of the United States * Portland, Maine, the largest city in the state of Maine, in the New England region of the northeas ...

-based

real assets Real Assets is an investment asset class that covers investments in physical assets such as real estate, energy, and infrastructure. Real assets have an inherent physical worth. Real assets differ from financial assets in that financial assets get ...

investment and consulting firm. On January 28, 2021, Hamilton Lane acquired 361 Capita, a

Denver Denver () is a consolidated city and county, the capital, and most populous city of the U.S. state of Colorado. Its population was 715,522 at the 2020 census, a 19.22% increase since 2010. It is the 19th-most populous city in the Unit ...

-based

long/short equity Long/short equity is an investment strategy generally associated with hedge funds. It involves buying equities that are expected to increase in value and selling short equities that are expected to decrease in value. This is different from the ri ...

fund manager. On March 30, 2021, Hamilton Lane acquired a $90 million stake in

Russell Investments Russell Investments is an investment firm headquartered in Seattle, Washington. Corporate overview According to ''American Banker'', Russell Investments has approximately $300 billion of assets under management, as of September 2019. The firm r ...

. In October 2022, Hamilton Lane announced it would tokenize three of its funds in a partnership with Securitize, Inc. using the

Polygon In geometry, a polygon () is a plane figure that is described by a finite number of straight line segments connected to form a closed ''polygonal chain'' (or ''polygonal circuit''). The bounded plane region, the bounding circuit, or the two toge ...

blockchain A blockchain is a type of distributed ledger technology (DLT) that consists of growing lists of records, called ''blocks'', that are securely linked together using cryptography. Each block contains a cryptographic hash of the previous block, a ...

. Most of the company's business involve providing investment advisory services to its clients by helping develop and implement their private markets investment programs. However the company also performs direct investments in assets classes such as fund of funds, private equity, private credit and real assets.

References

External links

* {{DEFAULTSORT:Hamilton Lane 1991 establishments in Pennsylvania 2017 initial public offerings American companies established in 1991 Companies based in Pennsylvania Companies listed on the Nasdaq Financial services companies based in Pennsylvania Financial services companies established in 1991 Investment management companies of the United States Private equity firms of the United States