Hamilton Lane Incorporated 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 classes, asset class excluding capital stocks, Bond (finance), bonds, and cash. The term is a relatively loose ...

management and advisory company headquartered in Conshohocken,

Pennsylvania Pennsylvania, officially the Commonwealth of Pennsylvania, is a U.S. state, state spanning the Mid-Atlantic (United States), Mid-Atlantic, Northeastern United States, Northeastern, Appalachian, and Great Lakes region, Great Lakes regions o ...

. The company provides private markets investments to its clients. The company has 22 offices globally and has offices in

North America North America is a continent in the Northern Hemisphere, Northern and Western Hemisphere, Western hemispheres. North America is bordered to the north by the Arctic Ocean, to the east by the Atlantic Ocean, to the southeast by South Ameri ...

, Europe, the

Middle East The Middle East (term originally coined in English language) is a geopolitical region encompassing the Arabian Peninsula, the Levant, Turkey, Egypt, Iran, and Iraq. The term came into widespread usage by the United Kingdom and western Eur ...

and Asia-Pacific.

Background

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

private equity Private equity (PE) is stock in a private company that does not offer stock to the general public; instead it is offered to specialized investment funds and limited partnerships that take an active role in the management and structuring of the co ...

advisory firm for large public pension plans. In 1998, the company added separately managed account and

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 ...

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

hedge fund A hedge fund is a Pooling (resource management), pooled investment fund that holds Market liquidity, liquid assets and that makes use of complex trader (finance), trading and risk management techniques to aim to improve investment performance and ...

s manager from Citco 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 cen ...

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 (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 Pledge (law), pledges some asset (e.g. a car or property) as collateral (finance), collateral for the loan, which then becomes a secured debt owed to the creditor who gives the loan. The debt is thu ...

from

Goldman Sachs The Goldman Sachs Group, Inc. ( ) is an American multinational investment bank and financial services company. Founded in 1869, Goldman Sachs is headquartered in Lower Manhattan in New York City, with regional headquarters in many internationa ...

to buy back Credit Agricole'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, officially the City and County of San Francisco, is a commercial, Financial District, San Francisco, financial, and Culture of San Francisco, cultural center of Northern California. With a population of 827,526 residents as of ...

-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 investm ...

becoming a listed company on the

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

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-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 ge ...

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

Denver Denver ( ) is a List of municipalities in Colorado#Consolidated city and county, consolidated city and county, the List of capitals in the United States, capital and List of municipalities in Colorado, most populous city of the U.S. state of ...

-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 ...

fund manager. On March 30, 2021, Hamilton Lane acquired a $90 million stake in Russell Investments. 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 made up of line segments connected to form a closed polygonal chain. The segments of a closed polygonal chain are called its '' edges'' or ''sides''. The points where two edges meet are the polygon ...

blockchain The blockchain is a distributed ledger with growing lists of Record (computer science), records (''blocks'') that are securely linked together via Cryptographic hash function, cryptographic hashes. Each block contains a cryptographic hash of th ...

. 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 Alternative investment management companies American companies established in 1991 Companies based in Conshohocken, Pennsylvania Companies in the S&P 400 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