A leading name in private market investments has announced the expansion of its $72 billion AUM infrastructure platform with two new funds open for investors, including one exclusively for those in the US.
Hamilton Lane’s two new evergreen funds are available to accredited investors and are total return strategies with both capital appreciation and income targeted. They are designed to give investors exposure to a global portfolio of institutional grade infrastructure assets via a single investment.
These core plus and value add assets include those in power, transportation, data, and telecoms, environmental, and energy sectors. They share the traditional characteristics of infrastructure assets such as high barriers to entry and durable cash flows through contracted revenue streams. They also have the potential for inflation-hedging qualities, competitive total returns with potential downside protection, income yield and portfolio diversification.
Brent Burnett, the firm’s head of Infrastructure and Real Assets says the assets in focus should have a positive long-term outlook.
“Infrastructure is one of the fastest-growing asset classes in the private markets, underpinned by the fundamentally infrastructure-enabled themes of energy transition and the continued rollout of AI which we believe will continue to create investment opportunities for years to come,” he said.
The firm has been creating infrastructure focused SMAs for almost a quarter of a century and is now one of the world’s largest investors in private infrastructure on a discretionary and supervisory basis.
“The funds aim to build on the success of our broader platform by offering unique access and expertise across infrastructure sectors, asset types and geographies to private wealth and institutional investors around the world,” added Burnett.
The two funds are:
The strategies include direct co-investment and secondary investments and they aim to deliver attractive returns and downside protection, paired with liquidity in the form of monthly or quarterly redemptions.
Steve Brennan, Head of Private Wealth Solutions, added, “Since the launch of our Evergreen Platform in 2019, we have steadily expanded upon our commitment to enable access for a broader set of investors to the private markets. Today, with the additions of HLPIF and HLGPI, our Evergreen Platform now includes five funds across multiple strategies, serving hundreds of investors around the world and with a net asset value of approximately $8.1 billion [NAV as of August 31, 2024, for the combined Hamilton Lane evergreen platform].”
New chief executive Rich Steinmeier replaced Dan Arnold on October 1.
The global firm is navigating a crisis of confidence as an SEC and DOJ probe into its Western Asset Management business sparked a historic $37B exodus.
Beyond returns, asset managers have to elevate their relationship with digital applications and a multichannel strategy, says JD Power.
New survey finds varied levels of loyalty to advisors by generation.
Busy day for results, key data give markets concerns.
A great man died recently, but this did not make headlines. In fact, it barely even made the news. Maybe it’s because many have already mourned the departure of his greatest legacy: the 60/40 portfolio.
Discover the award-winning strategies behind Destiny Wealth Partners' client-centric approach.