- Fund to invest in global portfolio of private equity and private credit
- Fund is open to wholesale and high-net-worth investors
- Appointment of Principal to Australian team
Sydney – Hamilton Lane (NASDAQ:HLNE), a leading global private markets asset management firm, has expanded its Australian presence and offerings to provide access to private markets to a wider group of investors, including the wholesale and high-net-worth (HNW) markets in Australia.
The recently launched Global Private Assets Fund (AUD) (“GPA Fund” or “the Fund”) has already received more than $134 million AUD in inflows to date from HNW investors.
Principal and Australian Country Head James Martin said the firm has been encouraged by strong investor interest, as the GPA Fund aims to meet a unique market need for local investors.
“Traditionally, there have been very few options for high-net-worth investors to access the private markets,” Mr Martin said.
“In today’s low-rate environment, investors are seeking competitive returns at both an individual and institutional level, and are increasingly interested in alternative, high-performing assets. We believe the GPA Fund fills this gap and allows Australian investors greater diversification and access to private assets which have historically been less correlated to the public equity markets.”
A unique investment offering
The GPA Fund allows Australian wholesale and HNW investors access to traditionally high-performing private markets through an Australian Unit Trust with a minimum investment of $25,000 AUD.
The Fund focuses on secondary and direct private equity and credit, across industries, investment types, strategies and geographies, allowing investors to access a diverse portfolio through a single allocation.
While private equity has traditionally been an illiquid asset class, the Fund’s structure provides investors with limited liquidity, through monthly applications and redemptions, while maintaining exposure to global private markets.
“The GPA Fund is one of the first offerings of its kind in the Australian market,” Mr Martin said. “The Fund enables us to provide an innovative way for investors to access the private markets outside of traditional, closed-end fund structures.
“We have managed highly tailored accounts, including co-investing with some of Australia’s largest industry super funds, and the GPA Fund introduces a new structure into our global product suite,” Mr Martin added.
Mario Giannini, CEO of Hamilton Lane, commented: “Hamilton Lane has nearly three decades of experience working with some of the largest and most sophisticated private markets investors around the world. Through this new GPA Fund we are able to offer a differentiated product that is now accessible to high-net-worth investors in Australia.”
Growing commitment to Australian market
Hamilton Lane has also focused on growing its local team with its most recent appointment of Principal Anastasia Di Carlo, further demonstrating its commitment to the Australian market.
Di Carlo is based in the firm’s Sydney office and is focused on client relations, including portfolio construction and strategic planning, as well as working with Hamilton Lane’s investment team for coverage of Australian private capital managers.
She has more than 12 years of experience in private capital globally, across Australia, Europe and the U.S. Prior to joining Hamilton Lane, Di Carlo was an Associate Director in the Investment team at Quentin Ayers, an Australian adviser on global private capital portfolios. She began her career at the European Investment Fund (EIF), based in Luxembourg, where she held roles in both the Private Equity Risk Management and Investment teams.
“Anastasia’s deep knowledge of private markets will be valuable as we look to build relationships with new investors and seek investment opportunities in the region,” Mr Martin said.
“The private markets in Australia continue to grow in size and importance within the global landscape and for institutional and retail investors alike, so we’re pleased to have Anastasia on board to support our growing client base as well as our investment efforts in Australia.”
In Australia, Hamilton Lane plans to continue to grow thoughtfully and strategically in this important region. Globally, the firm has approximately 375 employees across 16 offices and manages about USD $473 billion in assets under management and supervision as of June 30, 2019.
About Hamilton Lane
Hamilton Lane (NASDAQ: HLNE) is a leading alternative investment management firm providing innovative private markets solutions to sophisticated investors around the world. Dedicated to private markets investing for 28 years, the firm currently employs approximately 375 professionals operating in offices throughout North America, Europe, Asia-Pacific, Latin America and the Middle East. Hamilton Lane has approximately USD $473 billion in assets under management and supervision, composed of $64 billion in discretionary assets and another $409 billion in advisory assets, as of June 30, 2019. Hamilton Lane offers a full range of investment products and services that enable clients to participate in the private markets asset class on a global and customized basis. For more information, please visit www.hamiltonlane.com or follow Hamilton Lane on Twitter: @hamilton_lane.
The offer of securities in Hamilton Lane Private Asset Fund (AUD) will be made in or accompanied by a Product Disclosure Statement which should be considered in deciding whether to acquire the securities. The Product Disclosure Statement is available at www.hamiltonlane.com.au. Anyone who wants to acquire securities in the Fund will need to complete the application form that will be in or accompany the Product Disclosure Statement.
Some of the statements in this release may constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. Words such as “will,” “expect,” “believe,” “estimate,” “continue,” “anticipate,” “intend,” “plan” and similar expressions are intended to identify these forward-looking statements. Forward-looking statements discuss management’s current expectations and projections relating to our financial position, results of operations, plans, objectives, future performance and business. All forward-looking statements are subject to known and unknown risks, uncertainties and other important factors that may cause actual results to be materially different, including risks relating to our ability to manage growth, fund performance, changes in our regulatory environment and tax status; market conditions generally; our ability to access suitable investment opportunities for our clients; our ability to maintain our fee structure; our ability to attract and retain key employees; our ability to manage our obligations under our debt agreements; defaults by clients and third-party investors on their obligations to us; our ability to comply with investment guidelines set by our clients; and our ability to receive distributions from Hamilton Lane Advisors, L.L.C. to fund our payment of dividends, taxes and other expenses.
The foregoing list of factors is not exhaustive. For more information regarding these risks and uncertainties as well as additional risks that we face, you should refer to the “Risk Factors” detailed in Part I, Item 1A of our Annual Report on Form 10-K for the fiscal year ended March 31, 2019 and in our subsequent reports filed from time to time with the Securities and Exchange Commission and to the Product Disclosure Statement dated April 16, 2019. The forward-looking statements included in this release are made only as of the date hereof. We undertake no obligation to update or revise any forward-looking statement as a result of new information or future events, except as otherwise required by law.