Hamilton Lane's Global Private Assets Fund Wins 2024 Canadian Hedge Fund Award for Outstanding Performance
Hamilton Lane, a leading investment management firm focusing on private markets, has proudly announced that its Global Private Assets Fund (GPA) has been awarded the 2024 Canadian Hedge Fund Award (CHFA). This recognition comes from Alternative IQ and highlights the Fund's remarkable three-year returns among private equity offerings in Canada.
The Fund, which has achieved an impressive annualized return of 14.33% over the past three years, showcases Hamilton Lane's commitment to delivering access to institutional-quality private markets. Mike Woollatt, who manages Hamilton Lane's Canadian operations and serves as Head of Americas, Client Solutions, expressed immense pride in this achievement. He emphasized that the award underlines the strength of their investment strategy and reflects the competency of their dedicated team.
Hamilton Lane’s Global Private Assets Fund was established in 2019 and is designed to cater to high-net-worth and wholesale investors across various regions, including Australia, New Zealand, Canada, Europe, Asia, Latin America, and the Middle East. The GPA has consistently provided investors with diversified exposure combining direct equity, secondary investments, and direct credit, aiming for long-term capital appreciation.
As of now, the GPA has accumulated around 6.7 billion CAD in assets worldwide, with roughly 1.3 billion CAD coming from Canadian investors through the Fund's feeder structure. Hamilton Lane manages a total of approximately 1.65 billion CAD for Canadian clients, showcasing their prominence in the investment landscape.
The CHFA program aims to celebrate the talents and accomplishments within Canada’s hedge fund and private equity realm, focusing on exceptional performance metrics. This year’s award winners were evaluated based on quantitative performance data compiled by Fundata Canada, ensuring an objective assessment of fund performances as of June 30, 2024.
Hamilton Lane is recognized as one of the largest private markets firms globally. Entering the industry over three decades ago, it has established itself by providing innovative investment solutions to both institutional and private investors. With a workforce of approximately 730 professionals, Hamilton Lane operates from various locations across North America, Europe, Asia Pacific, and the Middle East. As of September 30, 2024, the firm manages and supervises assets totaling over 947 billion USD, including discretionary and non-discretionary assets.
In addition to the Global Private Assets Fund, Hamilton Lane has expanded its offerings within its Canadian Evergreen Platform, which includes funds like the Senior Credit Opportunities Fund (SCOPE) and the Global Private Infrastructure Fund (HLGPI). These funds are tailored to meet the diverse needs of their clients, emphasizing flexibility and extensive market access.
In closing, the recognition of Hamilton Lane’s Global Private Assets Fund at the 2024 Canadian Hedge Fund Awards demonstrates not only the firm’s dedication to excellence but also the promising returns that private equity investments can yield. By continually adapting and providing superior investment strategies, Hamilton Lane remains a leader in the private market sector, paving the way for investors looking to diversify their portfolios while aiming for substantial returns.