Hamilton Lane, through the New York Credit SBIC Fund, is providing debt and equity in LeverPoint Management, a fund administrator. Company management also is investing in the transaction, as well as Graycliff Capital and LMZ Partners. The $200 million SBIC fund, which Hamilton Lane launched in November, is anchored by New York State Common Retirement Fund and focuses on making loans to small businesses in New York.
LeverPoint Management (“LeverPoint”), a full service fund administrator, announced today a partnership with Hamilton Lane, a leading global private markets asset management firm, and the New York Credit SBIC Fund (“the Fund”). The Fund, in collaboration with company management, is providing a debt and equity investment in LeverPoint that will serve as a catalyst for continued growth and enhanced client services.
Based in Clifton Park, NY, LeverPoint offers full service accounting, tax and back office support to the alternative investment sector, allowing fund managers to devote their time to core business functions such as investing and managing funds. LeverPoint’s dedicated team of experts works as a seamless extension of private equity and venture capital clients.
Since 2007, LeverPoint has expanded from 18 associates to more than 110. This investment will support the firm’s continued commitment to growth and elevating the fund management proficiency of its clients. Graycliff Capital and LMZ Partners also served as partners in the investment.
“We are excited to partner with Hamilton Lane and the entire investor group, as we continue to build our business and grow our team,” said David MacPhee, CEO of LeverPoint. “The New York Credit SBIC Fund will be a tremendous resource and strategic partner to help LeverPoint realize its growth objectives and deliver best-in-class service for our clients of all sizes.”
“LeverPoint has achieved very meaningful growth over the past several years, while also focusing on bringing jobs and economic activity to the local New York economy – a commitment we are proud to support,” said Dave Helgerson, managing director of Hamilton Lane. “We chose LeverPoint as the first investment for the Fund, which is a testament to the firm’s growth potential, unwavering focus on client services and ability to serve fund managers of all sizes, strategies and service needs.”
Hamilton Lane first announced the launch of the SBIC Fund in November 2015, upon the successful close of $200 million in total capital, with significant support from anchor investor, the New York State Common Retirement Fund (NYSCRF). The main focus of the SBIC Fund is to provide loans to small businesses in New York, which range in size from $1 million to $20 million in earnings and can invest in amounts ranging from $5 million to $20 million.
Established in 1995 as the Business Management Service division of The Ayco Company L.P., a Goldman Sachs subsidiary, the company has been independently operated since August 2007. LeverPoint has a proven record of success which is reflected in our longstanding client retention and loyal employees. Since 2007 the firm has grown from 18 associates to 110 and currently services over $28 billion in assets for more than 60 unique Private Equity, Venture Capital, Real Estate, and Fund of Funds clients.
About Hamilton Lane
Hamilton Lane is an independent alternative investment management firm providing innovative private markets solutions to sophisticated investors around the world. The firm has been dedicated to private markets investing for more than two decades and currently has more than 250 employees operating in offices throughout the U.S., Europe, Asia, Latin America and the Middle East. With more than $239 billion in total assets under management and supervision1, Hamilton Lane offers a full range of investment products and services that enable clients to participate in the private markets asset class on a global and customized basis.