Company type | Public |
---|---|
Industry | Financial services |
Founded | 1991 |
Founder | Leslie Brun |
Headquarters | Conshohocken, Pennsylvania, U.S. |
Key people | Hartley Rogers (chairman) Mario Giannini (CEO) |
Products | Private equity Secondaries Equity co-investment Growth equity Venture capital Private credit Real assets |
Revenue | US$451.94 million (2024) |
US$227.21 million (2024) | |
AUM | US$947.70 billion (under management and supervision) (November 2024) |
Total assets | US$1.27 billion (2024) |
Total equity | US$675.96 million (2024) |
Number of employees | 700 (2024) |
Website | hamiltonlane |
Footnotes / references [1][2] |
Hamilton Lane Incorporated is an American alternative investment management and advisory company headquartered in Conshohocken, Pennsylvania. The company provides private markets investments to its clients.
The company has 22 offices globally and has offices in North America, Europe, the Middle East and Asia-Pacific.[3]
Background
Hamilton Lane was founded in 1991 by Leslie Brun. It was originally formed as a private equity advisory firm for large public pension plans.[4][5][6]
In 1998, the company added separately managed account and fund of funds investment management services. On November 18, 2004, Hamilton Lane acquired The Richcourt Group, a fund of hedge funds manager from Citco as the company continued to expand its product offerings and services.[5][7]
In 2000, Crédit Lyonnais 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. 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 secured loan from Goldman Sachs 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.[4][6][5][8][9][10]
On February 2, 2013, Hamilton Lane acquired Shott Capital Management, a San Francisco-based separate accounts manager and provider of distribution management services.[11]
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.[11][12]
On March 1, 2017, Hamilton Lane held its initial public offering becoming a listed company on the Nasdaq and raising $200 million. It was priced at $16 on its debut and closed 12.6% up at end of first day of trading.[9][13]
On June 20, 2017. Hamilton Lane acquired Real Asset Portfolio Management LLC, a Portland-based real assets investment and consulting firm.[14]
On January 28, 2021, Hamilton Lane acquired 361 Capita, a Denver-based long/short equity fund manager.[3]
On March 30, 2021, Hamilton Lane acquired a $90 million stake in Russell Investments.[15]
In October 2022, Hamilton Lane announced it would tokenize three of its funds in a partnership with Securitize, Inc. using the Polygon blockchain.[16]
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.[1]
References
- ^ a b "2024 Annual Report". Hamilton Lane.
- ^ "Form ADV" (PDF). SEC.
- ^ a b "Hamilton Lane Targets Wealthy Investors With New Fund, Rare Deal". Bloomberg.com. January 28, 2021. Retrieved June 22, 2023.
- ^ a b Meikle, Brad (December 15, 2003). "Hamilton Changes Structure on Fast Lane to Consolidation". Buyouts. Retrieved June 22, 2023.
- ^ a b c Jacobius, Arleen (December 15, 2006). "Big makeover gives Hamilton Lane clout". Pensions & Investments. Retrieved June 22, 2023.
- ^ a b Staff, P. E. I. (December 30, 2012). "Hamilton Lane unveils new ownership structure". Private Equity International. Retrieved June 22, 2023.
- ^ Hutchings, William. "Hamilton Lane buys hedge fund group". www.fnlondon.com. Retrieved June 22, 2023.
- ^ Canada, Hillary (February 2, 2012). "Hamilton Lane Buying Back Minority Stake From Credit Agricole". Wall Street Journal. ISSN 0099-9660. Retrieved June 22, 2023.
- ^ a b Lim, Dawn. "Hamilton Lane Files for IPO". WSJ. Retrieved June 22, 2023.
- ^ Jacobius, Arleen (July 13, 2015). "Hamilton Lane buys back Cascade Investment's minority stake". Pensions & Investments. Retrieved June 22, 2023.
- ^ a b Grocer, Stephen (December 19, 2013). "Hamilton Lane to Buy Paul Capital". Wall Street Journal. ISSN 0099-9660. Retrieved June 22, 2023.
- ^ Cantwell, Brian (February 25, 2014). "Hamilton Lane drops interest in Paul Capital". Retrieved June 22, 2023.
- ^ Jacobius, Arleen (March 1, 2017). "Hamilton Lane IPO rises 12.6% on first day of trading". Pensions & Investments. Retrieved June 22, 2023.
- ^ Jacobius, Arleen (June 20, 2017). "Hamilton Lane to acquire Real Asset Portfolio Management". Pensions & Investments. Retrieved June 22, 2023.
- ^ "America's Stake in International Investments". The SHAFR Guide Online. doi:10.1163/2468-1733_shafr_sim120090024. hdl:2027/inu.32000003465046. Retrieved June 22, 2023.
- ^ "Investment Manager Hamilton Lane Opens Tokenized Fund on Polygon Blockchain". Yahoo Finance. January 31, 2023. Retrieved June 22, 2023.
External links
- Official website
- Business data for Hamilton Lane Incorporated:
- 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