Hamilton Lane asset footprint hits record high

"The key macro driver of growth across Hamilton Lane's core business is the large and growing appetite for the asset class, primarily among institutional investors and largely driven by performance relative to other asset classes," Demetrius Sidberry, head of investor relations, told Unquote following the release of the results.

Hamilton Lane has seen growth coming from three types of new clients: those that are brand new to the asset class; those that have chosen to switch service providers; and those that previously took an in-house approach to investing in private markets and are now seeking a partner.

The $471bn is made up of assets under management of $57bn, where Hamilton Lane has full discretion over investment decisions, and assets under advisement of $415bn, for which fees are earned for services including asset allocation, strategic planning, development of investment policies and guidelines.

Hamilton Lane held a final closing for its fourth secondaries fund in June 2017 on $1.9bn, exceeding the original $1.25bn target, making it Hamilton Lane's largest secondaries vehicle to date.

The firm also recently committed to Platinum Equity Small Cap Fund I. Other commitments include approximately $70m to Bridgepoint Europe VI and $7.5m to Abingworth Bioventures VII. The firm has an average ticket size of approximately $200m, across discretionary and advisory. However, its most common ticket is around $50m. 

Sidberry says the firm is intent on continuing to grow its existing funds across its primary, co-investment, secondary and credit strategies, as well as to opportunistically introduce new products that marry their opportunity set with their clients' appetite.

Unquote recently caught up with Hamilton Lane as part of our LP Profiles series

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