Hamilton Lane’s Global Private Assets fund has delivered a 14.7% annualized return since inception in three years since launch
Groundstrokes $2.2 billion in AUM, with an overall Evergreen platform growing to nearly $2.6 billionas company expands investor access to private markets
The platform is seeing steady growth globally, with plans for a senior credit fund product later this year
SYDNEY, June 7, 2022 /PRNewswire/ — As strong historical performance and demand for new sources of yield drive investor interest in private markets, Hamilton Lane’s Global Private Assets Fund (“GPA”) (NASDAQ: HLNE) achieved a yield of 14.7% and achieved $2.2 billion of assets under management in the three years since inception.
The firm’s Open-Ended Global Private Asset Fund was launched in 2019 and is open to retail and wholesale investors in Australia and New Zealand, Canadaas well as parts of Europe, Asia, Latin America and the Middle East. GPA has seen strong demand to date and has seen a steady increase in its assets under management since its inception from both retail and institutional investors around the world.
The GPA fund was the first product in the company’s evolving platform, which today also includes the Private Assets Fund (“PAF”), a closed-end investment vehicle registered under the Securities Act of 1933 and the Investment Company Act of 1940 (“’40 Act”), making the Fund more widely available to qualified US clients, including certain individual investors, their wealth advisors, as well as institutions.
The company’s scalable platform has grown significantly, growing to nearly $2.6 billion of total assets at April 30, 2022. The platform is set to expand later this year, with the addition of a new senior credit fund offering.
Jacques MartinHead of Global Client Solutions at Hamilton Lane, said: “Over the past three years, the GPA fund has provided investors with exposure to the growth of private companies that were previously inaccessible to most. We are increasingly seeing in addition to investors of all sizes here in Australia and around the world by adding private markets to their portfolios or expanding their existing allocations in search of potential return drivers and exposure to innovative private companies. As demonstrated by GPA’s performance and growth, we are encouraged that our global platform and scale, investment expertise and proven ability to serve a diverse client base continues to resonate with the market.”
Global Private Assets (GPA) Fund
GPA has a truly global client footprint, allowing non-US investors to access institutional-grade private markets exposure through a single investment. Since its inception, it has generated a return of 50.88%, or 14.7% on an annualized basis*.
GPA aims to provide a highly diversified offering, investing in a combination of direct equity, secondary and direct credit investments across geographies, industries and general partners.
GPA (AUD) recently received a highly recommended rating from Zenith Investment Partners, australia leading independent research provider. This is the highest rating a fund manager can receive in Australia and only about 5% of funds in the ‘Alternatives’ category have obtained this rating.
Hamilton Lane has also recently partnered with digital stock exchange ADDX to tokenize a class of shares issued by GPA to provide access to private markets for a broader set of investors in Asia. GPA is accessible to ADDX investors with a minimum ticket of $10,000compared to the minimum of $125,000 or more for investors subscribing through traditional non-tokenized distribution channels.
Since its launch in Canada just over a year ago, interest in GPA was strong, with over 440 million Canadian dollars (WE $360 million) reared in this region alone.
mike ryanHead of Evergreen Portfolios, said, “As investors adjust to a period of heightened volatility in public markets, they are increasingly turning to private markets for the inherent potential for value creation. market returns, private market performance has historically widened, providing diversification within portfolios.”
For more information on GPA and the Evergreen Hamilton Lane Platform, click here.
* I-Shares, USD
About Hamilton Lane
Hamilton Lane (NASDAQ: HLNE) is a leading private markets investment management firm providing innovative solutions to institutional and private investors worldwide. Dedicated exclusively to private markets investing for 30 years, the firm currently employs approximately 530 professionals operating in offices across North America, Europe, Asia Pacific and the Middle East. Hamilton Lane has more $901 billion of assets under management and under supervision, made up of more than $106 billion in discretionary assets and nearly $795 billion in advisory assets, March 31, 2022. Hamilton Lane specializes in creating flexible investment programs that provide clients with access to the full range of private markets strategies, sectors and geographies. For more information, visit www.hamiltonlane.com or follow Hamilton Lane on LinkedIn: https://www.linkedin.com/company/hamilton-lane/.
Private Assets Fund is a closed-end, non-diversified fund and is considered illiquid and not suitable for investors with short-term liquidity needs. An investment in the Fund involves risks, including the possible loss of all the capital invested.
Investors should carefully consider the investment objectives, risks, charges and expenses of the Hamilton Lane Private Assets Fund before investing. To obtain a prospectus containing this and other information about the Fund, call 1 (888) 882-8212.The Private Assets Fund is only suitable for investors who can bear the risks associated with limited equity liquidity and should be viewed as a long-term investment.
Other risks specifically associated with PAF are detailed in the prospectus and include, but are not limited to, limited operating history, conflict of interest risk, undiversified status risk, unspecified investment risk and dependence on an adviser, a risk of non-qualification as an RIC risk, liquidity risk, tax risks, secondary investment risks, mezzanine investment risks, interest rate risk interest, default debt risk, portfolio management risk, market risk, leverage risk, valuation risk and issuer risk.
Hamilton Lane Advisors LLC is the advisor to Hamilton Lane Private Assets Fund. UMB Distribution Services, LLC and Hamilton Lane are not affiliated.
Hamilton Lane Private Assets Fund is distributed by UMB Distribution Services, LLC, 235 W Galena Street Milwaukee, Wis. 53212-3948
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