- Expansion comes as assets under management and supervision
on behalf of Canadian investors across evergreen and
institutional strategies exceed $27.5
billion CAD1
- Firm moves to a larger office in Toronto's Financial District, strengthening
its long-standing commitment to the region as a growing number of
Canadian investors seek access to the private markets
TORONTO, April 10,
2024 /PRNewswire/ -- Leading private markets
investment management firm Hamilton Lane (Nasdaq: HLNE) today
announced it has expanded its footprint in Canada, relocating to a larger office in
Toronto's Financial District to
accommodate a growing team and client base as more Canadian
investors seek access to the private markets.
The move comes as the firm marks
five years since the opening of a dedicated office in
Canada, where it has been serving
clients for more than 20 years. Hamilton Lane's team in
Canada has grown significantly in
the past five years, enhancing its focus on investments and client
support, most recently with the additions of Taylor McManus and Rob
Reed. Taylor
McManus joined as a Principal on the Real Assets Team,
where he is responsible for originating, evaluating and executing
direct, secondary and primary fund investment opportunities across
Canada and the U.S. Rob Reed, a Principal on the Fund Investment
team, is responsible for managing client relationships and primary
fund investment diligence across the region.
Mike Woollatt, Head of
Canada at Hamilton
Lane, commented: "Interest in the private markets from both
institutional and private wealth investors in Canada has been notable. Institutional
investors continue to see the value in the potential for higher
returns and lower volatility from the private markets. At the same
time, Canadian private wealth investors are actively seeking
diversification away from the volatility of public markets and
are searching for more robust and consistent risk-adjusted returns
and more accessible structures."
Today, Hamilton Lane has more than $27.5
billion CAD in assets under management and supervision on
behalf of Canadian investors as of December
31, 20231. Notably, the firm now manages
approximately $1.3 billion CAD on
behalf of Canadian investors across its evergreen products,
including the Global Private Assets Fund (GPA) and Senior Credit
Opportunities Fund (SCOPE). GPA is the firm's flagship
evergreen fund, open to high-net-worth and wholesale investors and
today has $5.5 billion
CAD2 and will reach its 5-year track record next month.
SCOPE, which launched in 2022, is open to qualified high-net-worth
investors and their advisors and has nearly $596 million CAD2.
Juan Delgado, Co-Chief Executive
Officer, said: "The past five years have been a period of
significant engagement with Canadian investors, as our presence
here has helped us to provide diversified access to the private
markets via our extensive global platform. We appreciate the trust
and confidence our Canadian clients have placed in us. We are
deeply committed to the Canadian market and look forward to
continuing to deliver exceptional value to our
clients."
1 Figure is inclusive of over
$6.0B CAD in Separately Managed and
Advisory Accounts
2As of February 29,
2024
About Hamilton Lane
Hamilton Lane (Nasdaq: HLNE) is one of the largest private
markets investment firms globally, providing innovative solutions
to institutional and private wealth investors around the world.
Dedicated exclusively to private markets investing for more than 30
years, the firm currently employs nearly 700 professionals
operating in offices throughout North
America, Europe,
Asia Pacific and the Middle East. Hamilton Lane has approximately
$903 billion in assets under
management and supervision, composed of $120
billion in discretionary assets and nearly $783 billion in non-discretionary assets, as of
December 31, 2023. Hamilton Lane
specializes in building flexible investment programs that provide
clients access to the full spectrum of private markets strategies,
sectors and geographies. For more information, please visit
www.hamiltonlane.com or follow Hamilton Lane on LinkedIn:
https://www.linkedin.com/company/hamilton-lane.
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SOURCE Hamilton Lane