LPs

Hamilton Lane plans $200 mln IPO

-
Hamilton Lane, private equity, venture capital, IPO, initial public offering
A view of the exterior of the Nasdaq market site in the Manhattan borough of New York City, U.S., October 24, 2016. REUTERS/Shannon Stapleton - RTX2Q9O1
  • IPO to be underwritten by JPM, Goldman, others
  • Hamilton Lane has $40 bln AUM, advises on $274 bln
  • Clients include Louisiana Teachers’, Idaho pension

Hamilton Lane, the Bala Cynwyd, Pennsylvania, adviser, is seeking to raise as much as $200 million through an initial public offering, according to an S-1 filed with the SEC filed Feb. 1.

The IPO is being underwritten by JPMorgan, Morgan Stanley, Goldman Sachs, Wells Fargo Securities and Keefe, Bruyette & Woods.

The firm plans to issue shares on the Nasdaq Stock Market.

The decision to go public was motivated by Hamilton Lane’s desire to enhance its profile and position, as well as to create new avenues for growth on a stand-alone basis, the filing says. An IPO would also enable the firm to repay debts and and raise funds for hiring and general purposes.

Hamilton Lane manages separate accounts and funds investing across the spectrum of private market assets, including private equity, private credit, venture capital, secondaries and real estate. The firm has $40 billion of assets under management and advises on $274 billion of assets.

The firm’s client base is composed primarily of North American institutional investors, roughly half of which are public or private pensions, according to the S-1. Clients include Teachers’ Retirement System of Louisiana and Public Employee Retirement System of Idaho.

Spokeswoman Kate McGann declined to comment, citing publicity restrictions.

Action Item: For more about Hamilton Lane, visit www.hamiltonlane.com

A view of the exterior of the Nasdaq market site in Manhattan on Oct. 24, 2016. Photo courtesy Reuters/Shannon Stapleton