Hamilton Lane Launches SCOPE in Australia
Open to qualified investors in Australia, the vehicle is the latest in the firm’s evergreen product suite in the region
SYDNEY – Leading private markets investment management firm Hamilton Lane (Nasdaq: HLNE) today announced the launch of its Senior Credit Opportunities Fund (“SCOPE” or the “Fund”) in Australia. SCOPE is a senior private credit vehicle targeting floating-rate, senior secured loans and intended for investors seeking potential safety and yield.
With an almost two-year track record, SCOPE is available to qualified investors including certain high-net-worth investors and their wealth advisors in Canada, Europe, Latin America, Southeast Asia and now Australia. The Fund is structured as an evergreen vehicle, which allows for monthly subscriptions and offers regular liquidity with a lower investment minimum relative to traditional closed-end structures. As an all-weather fund, SCOPE seeks to generate consistency of performance and cash yield through up and down markets.
The Fund seeks to invest in privately held, market-leading assets situated in historically recession-resilient sectors backed by leading general partners in their areas of expertise. The open-ended fund structure is designed to offer:
- Access to senior secured private credit;
- Immediate capital deployment, with capital fully-deployed on day one;
- A competitive fee structure;
- The option for monthly subscriptions and monthly liquidity;
- Lower investment minimums relative to traditional closed-end funds; and
- Portfolio diversification by General Partner, geography and industry.
Nayef Perry, Global Head of Direct Credit, said: “We are excited to launch this Fund in Australia at a time when investors are increasingly looking to private credit to provide potential safety and yield. SCOPE offers investors access to a multi-manager portfolio with immediate deployment, greater control over their liquidity and regularly targeted distributions. This Fund builds on the success of our global private credit platform and creates access for a broader set of investors.”
Scott Thomas, Head of Private Wealth Australia, commented: “For our investors in Australia, this Fund launch is another significant milestone in support of Hamilton Lane’s commitment to broaden access to the attractive returns and wealth creation potential available through private markets. With the addition of SCOPE, qualified Australian investors of all sizes now have flexible access to two significant private market investment options spanning multiple geographies and strategies.” he added.
Hamilton Lane’s Senior Credit Opportunities Fund has received a Recommended rating by Zenith Investments Partner, highlighting the firm’s experienced portfolio management team, robust due diligence process and the diversification of the underlying strategy.
With plans for additional evergreen offerings in the works, the firm’s broader Evergreen Platform currently has approximately $12.1 billion AUD in AUM 1. For more information about SCOPE and Hamilton Lane’s Evergreen Platform, click here.
1AUM is inclusive of NAV as of 31 July 2024 plus subscriptions received for 1 August 2024 trade date
About Hamilton Lane
Hamilton Lane (Nasdaq: HLNE) is one of the largest private markets investment firms globally, providing innovative solutions to institutional and private wealth investors around the world. Dedicated exclusively to private markets investing for more than 30 years, the firm currently employs approximately 700 professionals operating in offices throughout North America, Europe, Asia Pacific and the Middle East. Hamilton Lane has more than $940 billion in assets under management and supervision, composed of nearly $130 billion in discretionary assets and more than $810 billion in non-discretionary assets, as of June 30, 2024. Hamilton Lane specializes in building flexible investment programs that provide clients access to the full spectrum of private markets strategies, sectors and geographies. For more information, please visit our website or follow Hamilton Lane on LinkedIn.
Forward-Looking Statements
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Disclaimer
This communication has been prepared by Hamilton Lane and issued by The Trust Company (RE Services) Limited ABN 45 003 278 831, AFSL 235150 (TTC(RES)L) as responsible entity of, and issuer of units in the Hamilton Lane Senior Credit Opportunities Fund (AUD) ARSN 661 336 385 (the Fund). It is general information only and is not intended to provide you with financial advice, and has been prepared without taking into account your objectives, financial situation or needs. You should consider the product disclosure statement (PDS), prior to making any investment decisions. The PDS and target market determination (TMD) can be obtained for free by calling 02 9293 7950 or visiting our website http://www.hamiltonlane.com.au/. If you require financial advice that takes into account your personal objectives, financial situation or needs, you should consult your licensed or authorised financial adviser. This information is only as current as the date indicated, and may be superseded by subsequent market events or for other reasons.To the extent permitted by law, no liability is accepted for any loss or damage as a result of any reliance on this information. All investments contain risk and may lose value.
No company in the Perpetual Group (Perpetual Limited ABN 86 000 431 827 and its subsidiaries) guarantees the performance of any fund or the return of an investor’s capital. No company in the Perpetual Group (Perpetual Limited ABN 86 000 431 827 and its subsidiaries) gives any representation or warranty as to the reliability or accuracy of the information contained in this communication.
Zenith
The Zenith Investment Partners (ABN 27 103 132 672, AFS Licence 226872) (“Zenith”) rating (assigned September 2024) referred to in this piece is limited to “General Advice” (s766B Corporations Act 2001) for Wholesale clients only. This advice has been prepared without taking into account the objectives, financial situation or needs of any individual, including target markets of financial products, where applicable, and is subject to change at any time without prior notice. It is not a specific recommendation to purchase, sell or hold the relevant product(s). Investors should seek independent financial advice before making an investment decision and should consider the appropriateness of this advice in light of their own objectives, financial situation and needs. Investors should obtain a copy of, and consider the PDS or offer document before making any decision and refer to the full Zenith Product Assessment available on the Zenith website. Past performance is not an indication of future performance. Zenith usually charges the product issuer, fund manager or related party to conduct Product Assessments. Full details regarding Zenith’s methodology, ratings definitions and regulatory compliance are available on our Product Assessments and at Fund Research Regulatory Guidelines