Hamilton Lane said June 20 that it has agreed to buy Real Asset Portfolio Management LLC. Financial terms weren’t announced. Real Asset, of Portland, Oregon, is an investment management firm that manages or advises on approximately $3.8 billion of real asset investments.
Bala Cynwyd, Penn. – June 20, 2017 – Hamilton Lane (NASDAQ: HLNE) today announced the signing of a deal to expand its real assets platform through the acquisition of Real Asset Portfolio Management, LLC (“RAPM”), a Portland, Oregon-based investment management firm focused exclusively on real assets.
Through the acquisition, Hamilton Lane will build upon its 18-year history of investing in the real assets space, expanding its existing real assets team by adding nine investment professionals. Hamilton Lane plans to acquire substantially all of the assets of the firm and will bring on the full RAPM team in their current roles.
The RAPM team, led by Steve Gruber and Brent Burnett, will remain based in Portland and will manage the new combined real assets investment team to provide global coverage of the asset class. Mr. Gruber and Mr. Burnett will join Hamilton Lane’s real assets investment committee.
Mario Giannini, CEO of Hamilton Lane, commented: “This deal is an opportunity to enhance our team with experienced investors who share our firm’s values and vision and for whom trust and collaboration with their colleagues and clients is paramount. It is how we have built Hamilton Lane, and as we have come to know Steve, Brent and the RAPM team, we are excited to have them join our firm. In addition, this is an important development in the evolution of our real assets platform. Real assets is an area of increasing importance within the private markets, and the addition of the RAPM team will allow us to thoughtfully broaden our capabilities and investment resources in order to better serve our clients.”
“We are excited for this next chapter and are thrilled to be joining the Hamilton Lane team, a move that we believe will be beneficial to RAPM’s clients and employees,” said Steve Gruber, Founder of RAPM.
“Culturally, our firms have much in common, including the shared view that investment performance, and our commitment to our clients, is critical. This deal will enable us to deepen our focus on investing and client service, while leveraging Hamilton Lane’s extensive platform to enhance our operational capabilities and middle- and back-office functions,” said Brent Burnett, Managing Director at RAPM.
Closing is expected to occur later in 2017 and is subject to customary closing conditions.
About Hamilton Lane
Hamilton Lane (NASDAQ: HLNE) is a leading alternative investment management firm providing innovative private markets solutions to sophisticated investors around the world. Dedicated to private markets investing for 25 years, the firm currently employs more than 290 professionals operating in offices throughout the U.S., Europe, Asia, Latin America and the Middle East. With more than $342 billion in total assets under management and supervision as of March 31, 2017, 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. For more information, please visit www.hamiltonlane.com or follow Hamilton Lane on Twitter: @hamilton_lane.
About Real Asset Portfolio Management
Real Asset Portfolio Management LLC (“RAPM”) is a Registered Investment Advisor focused exclusively on developing tailored real asset solutions for sophisticated institutional clients. Established in 2011 and headquartered in Portland, Oregon, RAPM manages or advises on approximately $3.8 billion of real asset investments.
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