High-net-worth investors will have a new route to private market investments thanks to a new fund launch by Hamilton Lane.
Following its myth-busting report on the $19 trillion private markets space, the firm has announced the launch of the Hamilton Lane Private Secondary Fund which will be open to sufficiently qualified investors and their advisors and other accredited clients in the US.
The fund will provide access to the firm’s secondary investment platform which includes closed-end funds and SMAs totaling $24.1 billion in assets under management and supervision as of December 31, 2024. The new fund is aiming for favorable risk-adjusted returns and will focus on high quality middle market buyout funds and assets, with significant near-term distribution potential.
Ryan Cooney, managing director on Hamilton Lane’s secondary investment team, said that the market has a broader and more attractive offer than ever, sparking a record level of volume in 2024.
“This part of the market offers a number of unique benefits to investors, especially those newer to the private markets, including knowledge of underlying assets, an increased pace of capital deployment and J-curve mitigation,” he said. “We look forward to enabling access for more investors to capitalize on what we believe are the attractive long-term growth trends of the secondary market through a dedicated investment vehicle that offers the potential for liquidity.”
Demand for innovative private markets exposure is growing among retail investors and their advisors and State Street is among the firms addressing this burgeoning market with the launch of a novel ETF providing exposure to private credit, in a partnership with Apollo, although the SEC expressed some concerns about the new fund.
These challenges are “changing the economics we see retirement savers face,” said Christopher Ceder of Goldman Sachs Asset Management
Richardson firm joins as Kestra builds out its platform with new leadership, technology, and expanded planning tools.
Retiring RIA seller David Laidlaw alleges the Carnegie valued his stake on $11.7 million EBITA while pitching potential buyers on $21.3 million.
New tool gives RIAs and family offices AI help vetting private market deals, with some users reportedly halving review time.
Investors got projected returns dressed up as real ones, SEC says
As AI makes financial information more accessible than ever, Lana Hock explains why human judgment, trust, and empathy remain the qualities clients value most in a financial advisor
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
