Alternative asset manager Hamilton Lane has expanded its Australian fund range with a global private assets fund, open to wholesale and high net worth investors, which aims to meet a unique need.
The fund had already seen ‘strong interest’ in the offering and received more than $134 million in inflows from high net worth clients.
It would focus on secondary and direct private equity and credit across various industries, investment types and geographies. While private equity was sometimes seen as illiquid, the fund’s structure allowed it limited liquidity while maintaining global exposure.
Australian country head, James Martin, said: “Traditionally, there have been very few options for high-net-worth investors to access the private markets.
“In today’s low-rate environment, investors are seeking competitive returns at both an individual and institutional level, and are increasingly interested in alternative, high-performing assets. We believe the GPA fund fills this gap and allows Australian investors greater diversification and access to private assets which have historically been less correlated to the public equity markets.”
Meanwhile, the firm appointed Anastasia Di Carlo to focus on client relations, including portfolio construction and strategic planning. She would also work with the firm’s investment team on coverage of Australian private capital managers.
While the firm already had nearly 400 employees worldwide, Hamilton Lane said it intended to grow ‘thoughtfully and strategically’ in Australia.
