Bloomberg: Hamilton Lane Plans to Add Canada Staff for Growth in Private Funds
November 29, 2021 at 03:41 pm EST
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Mike Woollatt spoke to Bloomberg for this feature on adding staff to the Canadian team due to the growth in private funds.
By Layan Odeh
Hamilton Lane Inc. will boost the size of its Canadian team by adding three or four people in the next two years, said the alternative asset manager's top executive in the country.
The new hires "will mostly focus on building out our retail presence, as well as supporting the institutional side," Mike Woollatt said in an interview. The firm raised more than C$200 million ($162 million) from Canadian retail investors in the past 10 months, he said.
Hamilton Lane, which is based in Conshohocken, Pennsylvania, has been pushing further into the market for wealthy investors, seeking to tap business founders and other affluent individuals who want access to private assets. It launched a new private-market fund in January targeted at U.S. investors and their advisers.
It's among a group of investment management firms trying to exploit the growing demand in Canada for private equity and private credit products. Bank of Nova Scotia's money management arm is creating a new unit and will launch its first private debt fund by the end of the year. Vancouver-based PenderFund Capital Management Ltd. is also planning to hire private-market talent as part of a long-term plan to grow to C$40 billion in assets.
Hamilton Lane had $665 billion in assets under supervision and another $92 billion under management as of June 30, according to its website. The shares are up 23% this year.
Mike Woollatt
Head of Canada
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Hamilton Lane Inc. published this content on 29 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 November 2021 20:40:06 UTC.
Hamilton Lane Incorporated is a private market investment management company. The Company works with its clients to conceive, structure, build out, manage and monitor portfolios of private markets funds and direct investments, and it enables them to access a diversified set of such investment opportunities worldwide. The Company offers a variety of investment solutions to address its clientsâ needs across a range of private markets, including private equity, private credit, real estate, infrastructure, natural resources, growth equity, venture capital and impact. These solutions are constructed from a range of investment types, including primary investments in funds managed by third-party managers, direct investments alongside such funds and acquisitions of secondary stakes in such funds, with a number of its clients utilizing multiple investment types. These solutions are offered in a variety of formats covering some or all phases of the private market's investment program.
HAMILTON LANE INCORPORATED 
