Hamilton Lane fund reaches five-year milestone, hits $6.3b in AUM

Private markets fund manager, Hamilton Lane, has announced its Global Private Assets Fund (GPA) has reached its five-year record of performance alongside the milestone of $6.3 billion in assets under management (AUM).

As of 31 March this year, GPA has delivered net performance of 14 per cent per annum since its inception in 2019. Hamilton Lane said the fund has weathered rapidly changing market conditions in the last five years, with sustained demand from private wealth and institutional investors over the years.

The fund was Hamilton Lane’s first product made available on its Evergreen Platform, which has since expanded to include the Private Assets Fund (PAF) also available to U.S.-based clients and the Senior Credit Opportunities Fund (SCOPE) open to high-net-worth (HNW) investors in Canada, Europe, Latin America and Southeast Asia.

“Private markets have historically outperformed public markets, and as investors look for greater access to those returns, GPA offers a single allocation exposure to a diverse private assets portfolio,” Brian Gildea, Head of Evergreen Portfolios, said.

“Evergreen portfolios continue to be more accommodating for certain investor types, allowing for more flexibility than typical closed-ended structures.”

GPA offers investors access to a diversified portfolio across buyout, credit and venture capital/growth in one allocation. As of 31 March, it has over 170 investments.

“The evergreen structure has proved to be hugely appealing to investors who previously had limited access to private markets, and
that demand has only grown over the past five years,” Scott Thomas, Hamilton Lane’s Head of Private Wealth, Australia, said.

“An evergreen fund with a track record like GPA, coupled with Hamilton Lane’s 32+ years focused exclusively on the private market is rare, and we are proud to be one of the few platforms able to offer that to a diverse range of investors.”