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January 29, 2021

Hamilton Lane to acquire Denver-based boutique alternative asset manager

US-based investment management firm Hamilton Lane is set to acquire Denver-based boutique alternative asset management firm 361 Capital.

The financial terms of the deal were not disclosed.

As agreed, the 361 Capital team will continue to operate from Denver.

The acquisition is expected to further bolster Hamilton Lane’s capabilities as it seeks to expand its footprint in private wealth market.

Recently, the company launched Hamilton Lane Private Asset Fund (PAF), a closed-end management investment company that offers a portfolio of private equity and private credit assets to qualified US investors through a single investment.

Hamilton Lane’s portfolio also includes Hamilton Lane Global Private Assets Fund (GPA) for high net worth and wholesale investors in Australia and New Zealand, Canada, and some parts of Europe, Asia, Latin America and the Middle East.

Hamilton Lane vice-chairman and Strategic Initiatives head Erik Hirsch said: “We recognised the strategic opportunity and benefit of making the private markets accessible to a broader universe of investors, and enabling them to gain access to the asset class’s return potential.

“Through our GPA and PAF Funds, our strong platform and investment expertise, and our proven ability to service a diverse client base, we are committed to reaching, educating and supporting private wealth investors interested in the private markets.

“Bringing on the experienced and strong team from 361 Capital furthers our ability to deliver on that objective.”

The acquisition is expected to close later this quarter, subject to customary closing conditions.

Recently, Hamilton Lane appointed Atul Varma as its new CFO and treasurer.

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