How will we provide 20% liquidity per annum for redeeming investors?


*As of December 31, 2019

Distributions are not guaranteed.

Fund is considered illiquid and not suitable for all investors. No Shareholder will have the right to require the Fund to redeemits 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. 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.

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Definitions:
Co/Direct Investment Funds –Any PM fund that primarily invests in deals alongside another financial sponsor that is leading the deal.
Secondary FoF–A fund that purchases existing stakes in private equity funds on the secondary market.

Private Assets Fund is a closed-end fund and is considered illiquid and not suitable for investors with short term liquidity needs. An investment in the Fund involves risk, including the possible loss of the entire principal amount invested. 

Investors should carefully consider the investment objectives, risks, charges and expenses of the Hamilton Lane Private Assets 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. 

Hamilton Lane Private Asset Fund is distributed by UMB Distribution Services, LLC. 

Institutional audience only not for retail investors.

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