A Core Private Markets Portfolio Through a Single Allocation
The Hamilton Lane Private Assets Fund (“PAF”) is a ‘40 Act registered investment vehicle that provides qualified clients with access to a diversified private markets portfolio, leveraging Hamilton Lane’s $650B private market platform.
The Fund seeks to generate capital appreciation over the medium and long term through investments in direct private equity and private credit assets globally, while solving for some of the challenges of a traditional private markets fund by offering quarterly limited liquidity to investors.
- Single allocation exposure to the private markets, diversified by investment type, geography, industry and manager
- Investor-friendly fund structure designed to eliminate the challenges of traditional structures and investing
- Potential to achieve attractive risk-adjusted returns and reduced volatility
- Seeks to offer investors limited liquidity in an illiquid asset class
Shares are speculative and illiquid securities involving substantial risk of loss. Shares are not listed on any securities exchange and it is not anticipated that a secondary market for Shares will develop. Shares are subject to substantial restrictions on transferability and resale and may not be transferred or resold except as permitted. Although the Fund may offer to repurchase a limited amount of Shares from time to time, Shares will not be redeemable at a Shareholder’s option nor will they be exchangeable for Shares or shares of any other fund. As a result, an investor may not be able to sell or otherwise liquidate Shares. Shares are appropriate only for those investors who can tolerate a high degree of risk and do not require a liquid investment and for whom an investment in the Fund does not constitute a complete investment program. The Fund has no operating history. The Board may elect to repurchase less than the full amount that a Shareholder requests to be repurchased and may under certain circumstances elect to postpone, suspend or terminate an offer to repurchase Shares.
Target Portfolio Construction
Single allocation exposure to a diverse private assets portfolio.
Other Important Documents
- Private Assets Fund Prospectus
- Private Assets Fund SAI
- Private Assets Fund Subscription Agreement – Class D Share
- Private Assets Fund Subscription Agreement – Class I Share
- Private Assets Fund Subscription Agreement – Class R Share
- Portfolio Holdings
- Private Assets Fund Annual Report
- Private Assets Fund Consolidated Schedule of Investments 6/30/2021
The Private Assets Fund is a client-friendly option for family offices and HNW investors seeking diversified exposure to this asset class. This is a significant milestone in support of our goal to broaden accessibility to the attractive return potential as well as the wealth creation potential the private markets can offer.
Private Assets Fund Investment Committee Member
Investors should carefully consider the investment objectives, risks, charges and expenses of the Fund before investing. You should consider the Private Assets Fund’s investment objectives, risks, charges, and expenses carefully before investing. For a prospectus that contains this and other information about the Fund, call 1 (888) 882-8212. Please read the prospectus carefully before investing. Investing in the Fund involves risk including loss of principal.
The Fund operates as a non-diversified, closed-end management investment company under the Investment Company Act of 1940, as amended.
The Fund is not a liquid investment. No Shareholder will have the right to require the Fund to redeem its Shares. The Fund from time to time intends to offer to repurchase Shares pursuant to written tenders by the Shareholders. The Adviser anticipates recommending to the Board that, under normal market circumstances, the Fund conduct repurchase offers of no more than 5% of the Fund’s net assets generally quarterly beginning on June 30, 2021 (or such earlier or later date as the Board may determine) and thereafter quarterly. Any repurchases of Shares will be made at such times and on such terms as may be determined by the Board from time to time in its sole discretion.
The Fund may also elect to repurchase less than the full amount that a Shareholder requests to be repurchased. In determining whether the Fund should offer to repurchase Shares from Shareholders of the Fund pursuant to repurchase requests, the Board may consider, among other things, the recommendation of the Adviser as well as a variety of other operational, business and economic factors.
An investment in the Fund is generally subject to market risk, including the loss of the entire principal amount invested. An investment in the Fund represents an indirect investment in the securities owned by the Fund. Shares are appropriate only for those investors who can tolerate a high degree of risk and do not require a liquid investment and for whom an investment in the Fund does not constitute a complete investment program.
Some of the principal risks of the Fund include no operating history, limited liquidity, restricted and illiquid investments, non-diversification, and valuations subject to adjustments. The Fund may engage in the use of leverage, hedging, and other speculative investment practices that may accelerate losses.
The Fund has no operating history and the shares have no history of public trading and it is not anticipated that a secondary market for Shares will develop. We do not expect a secondary market in the shares to develop.
Hamilton Lane Advisors LLC is the Advisor to the Hamilton Lane Private Asset Fund. UMB Distribution Services, LLC and Hamilton Lane are unaffiliated.
Hamilton Lane Private Asset Fund is distributed by UMB Distribution Services, LLC, 235 W Galena Street Milwaukee, WI 53212-3948