Below are recent news stories on some of our current holdings in the Hamilton Lane Private Assets Fund (PAF)
- Anduril*, a direct co-investment was in our last update, but they just held another funding round at a valuation double the previous fundraise, now valued at $30B compared to $14B in 2024. Defense Startup Anduril Clinches Funding at $30.5B Valuation. Anduril makes a range of products aimed at bolstering American defense. That includes weaponized drones and software to control them, as well as augmented reality helmets for the military.
- Bojangles*, a company in one of our secondary positions is a chain known for its Cajun chicken, buttermilk biscuits and sweet tea. They are exploring a sale at roughly 3x what it sold for three years ago. Bojangles Is Exploring a Sale While the Fried Chicken Market Is Hot.
- Hub International*, a direct co-investment in the fund is a leading global insurance and financial services company recently held a $1.6B funding round putting the valuation at $29B greater than the $23B valuation in 2023 and $10B in 2018. The increased valuation is underpinned by more than a fourfold increase in HUB's annual revenue during this period, from $1.1 billion in 2013 to $4.8 billion in 2018. Insurance broker Hub Valued at $29 Billion in Fresh Investment Round.
- Caris Life Sciences*, a position in one of our secondary fund transactions has filed for an IPO. The company uses technology to help diagnose and treat cancer by using AI and machine learning to analyze oncology data. Sixth Street-backed Caris Life Sciences targets $5.3 billion valuation in US IPO.
*As of May 31, 2025, Anduril accounts for 2.09% of the Fund; Bojangles accounts for less than 0.01% of the Fund; Hub International accounts for 0.72% of the Fund, Caris Life Sciences accounts for 0.02% of the Fund.
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 Advisors LLC is the Advisor to the Hamilton Lane Private Assets Fund. Distribution Services, LLC and Hamilton Lane are unaffiliated.
Hamilton Lane Private Assets Fund is distributed by Distribution Services, LLC
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