Hamilton Lane launches global private assets fund
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.
Recommended for you
Perpetual has seen AUM rise 6 per cent in the last quarter but the departure of a longstanding JOHCM fund manager led to outflows of $2.2 billion from his strategy.
In the latest Meet the Manager profile, Money Management speaks with Michael Skinner, founder and managing director at Blackwattle Investment Partners.
Global fixed income fund Bentham Global Opportunities has been added to several major platforms, enabling it to be accessed more easily by financial advisers.
Following yesterday’s news about First Sentier Investors closing four investment teams, a second global asset manager has announced it is closing its only dedicated Australian fund.