LPs

Hamilton Lane veteran Michael Kelly to retire

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Hamilton Lane, Michael Kelly, private equity
Photo of Michael Kelly sourced from Hamilton Lane website
  • Kelly joined firm in 1994; sits on investment committee
  • Worked on fund-commitment due diligence
  • Hamilton Lane went public earlier this year

Michael Kelly, a veteran at Hamilton Lane, is retiring after almost 24 years at the firm, sources said.

Kelly will retire at the end of Q1, a spokeswoman for the firm said. It’s unclear whether he is moving to another organization or retiring for good. Kelly didn’t immediately respond to a LinkedIn connection request.

Kelly joined Hamilton Lane in 1994. He worked on due diligence of primary fund commitments and is a member of the investment committee. According to his biography included in Los Angeles City Employees’ Retirement System documents, he previously was responsible for managing the client relationship and reporting activities of the firm.

Prior to Hamilton Lane, Kelly was a financial analyst at InterMountain Canola, his LinkedIn profile said.

Hamilton Lane went public on Nasdaq in March, raising $218.5 million.

The firm managed about $405 billion as of Sept. 30, 2017, according to Hamilton Lane. Of that, the firm managed about $48 billion in discretionary assets and $357 billion in non-discretionary assets.

Action Item: Check out Hamilton Lane’s Form ADV here: http://bit.ly/2ChOx6F

Photo sourced from Hamilton Lane website