A Core Private Markets Portfolio Through a Single Allocation
The Hamilton Lane Private Assets Fund (“PAF”) is a ‘40 Act registered investment vehicle that provides qualified clients with access to a diversified private markets portfolio, leveraging Hamilton Lane’s $940.3B+ private market platform.*
The Fund seeks to generate capital appreciation over the medium and long term through direct investments and secondaries globally, while solving for some of the challenges of a traditional private markets fund by offering quarterly limited liquidity to investors.
Important Risk Information
Shares are speculative and illiquid securities involving substantial risk of loss. Shares are not listed on any securities exchange and it is not anticipated that a secondary market for Shares will develop. Shares are subject to substantial restrictions on transferability and resale and may not be transferred or resold except as permitted. Although the Fund may offer to repurchase a limited amount of Shares from time to time, Shares will not be redeemable at a Shareholder’s option nor will they be exchangeable for Shares or shares of any other fund. As a result, an investor may not be able to sell or otherwise liquidate Shares. Shares are appropriate only for those investors who can tolerate a high degree of risk and do not require a liquid investment and for whom an investment in the Fund does not constitute a complete investment program. The Fund has no operating history. The Board may elect to repurchase less than the full amount that a Shareholder requests to be repurchased and may under certain circumstances elect to postpone, suspend or terminate an offer to repurchase Shares.
Unique deal flow and investment opportunities
Seeking to provide direct access to private company investments, PAF utilizes Hamilton Lane’s distinct relationship and information advantages.
Investor-friendly fund structure
The Private Assets Fund is designed to eliminate the challenges of traditional private markets structures and investing.
Potential to achieve attractive returns
With a larger opportunity set in private markets, PAF seeks to outperform the public equity markets over a long-term investment horizon.
The Hamilton Lane Evergreen Advantage
Hamilton Lane is a leading private markets investment management firm providing innovative solutions to sophisticated investors around the world. Dedicated exclusively to private markets investing for 33 years, we have an extensive platform that drives unique and differentiated investment deal flow and access to best-in-class general partners. The scale of our platform, combined with our investment and portfolio management expertise, enables us to construct diversified portfolios for our investors.
How Can Hamilton Lane help you achieve your investment objectives?
- 33 years of unmatched expertise
- Clients have access to the same investment teams that work with the largest institutions in the world
- Diversify your daily liquidity holdings with a vehicle that employs longer-term leverage to enable possible additional yield potential
- Investment opportunity for potential short-term returns
| Share Class | Ticker | NAV | MTD | YTD | 1 Year | 3 Year | Since Inception Annualized |
|---|---|---|---|---|---|---|---|
| Class-I | XHLIX | $16.7564 | 1.82% | 8.33% | 14.21% | 15.04% | 16.61% |
| Class-R | XHLRX | $16.2940 | 1.76% | 7.76% | 13.41% | 14.11% | 15.83% |
| Class-D | XHLDX | $16.6021 | 1.80% | 8.13% | 13.92% | 14.71% | 14.89% |
Returns shown net of all fees and expenses. Past performance is not a guarantee of future returns. Consider the investment objectives, risks, charges and expenses of the Fund carefully before investing. The prospectus contain this and other information about the Fund and is available at www.hamiltonlane.com/paf or by calling 888-882-8212. Read carefully before investing. Expense ratios as of the most recent prospectus I 3.31%; R 4.01%; and D 3.56%.
*Annualized since inception considers monthly performance of the EPF from 9/1/2020 through 12/31/2020 and PAF from 1/4/2021 to 9/30/2024.
The MSCI World Index is a free float-adjusted market capitalization weighted index that is designed to measures the equity market performance of developed markets. The MSCI World Index consists of the following 23 developed market country indexes: Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Hong Kong, Ireland, Israel, Italy, Japan, Netherlands, New Zealand, Norway, Portugal, Singapore, Spain, Sweden, Switzerland, the United Kingdom, and the United States.
Projected Portfolio Construction
Single allocation exposure to a diverse private assets portfolio.
- Secondaries offer diversification with over 50 underlying companies
- No primary fund allocation
- Most attractive opportunities in North America, especially within credit strategies
- Europe, Asia/Pacific and ROW investments provide global reach and diversification
- Equities can drive long-term capital appreciation
- Venture capital access generally achieved through secondary purchases
For previous fact sheets, please visit our archive.
IMPORTANT RISK INFORMATION
*Inclusive of $129.9B in discretionary assets under management and $810.4B in non-discretionary assets under management, as of 6/30/2024.
Investors should carefully consider the investment objectives, risks, charges and expenses of the Fund before investing. You should consider the Private Assets Fund’s investment objectives, risks, charges, and expenses carefully before investing. For a prospectus that contains this and other information about the Fund, call 1 (888) 882-8212. Please read the prospectus carefully before investing. Investing in the Fund involves risk including loss of principal.
The Fund operates as a non-diversified, closed-end management investment company under the Investment Company Act of 1940, as amended.
The Fund is not a liquid investment. No Shareholder will have the right to require the Fund to redeem its Shares. The Fund from time to time intends to offer to repurchase Shares pursuant to written tenders by the Shareholders. The Adviser anticipates recommending to the Board that, under normal market circumstances, the Fund conduct repurchase offers of no more than 5% of the Fund’s net assets generally quarterly beginning on June 30, 2021 (or such earlier or later date as the Board may determine) and thereafter quarterly. Any repurchases of Shares will be made at such times and on such terms as may be determined by the Board from time to time in its sole discretion.
The Fund may also elect to repurchase less than the full amount that a Shareholder requests to be repurchased. In determining whether the Fund should offer to repurchase Shares from Shareholders of the Fund pursuant to repurchase requests, the Board may consider, among other things, the recommendation of the Adviser as well as a variety of other operational, business and economic factors.
An investment in the Fund is generally subject to market risk, including the loss of the entire principal amount invested. An investment in the Fund represents an indirect investment in the securities owned by the Fund. Shares are appropriate only for those investors who can tolerate a high degree of risk and do not require a liquid investment and for whom an investment in the Fund does not constitute a complete investment program.
Some of the principal risks of the Fund include limited operating history, limited liquidity, restricted and illiquid investments, non-diversification, and valuations subject to adjustments. The Fund may engage in the use of leverage, hedging, and other speculative investment practices that may accelerate losses.
The Fund has limited operating history and the shares have no history of public trading and it is not anticipated that a secondary market for Shares will develop. We do not expect a secondary market in the shares to develop.
Hamilton Lane Advisors LLC is the Advisor to the Hamilton Lane Private Assets Fund. UMB Distribution Services, LLC and Hamilton Lane are unaffiliated.
Hamilton Lane Private Assets Fund is distributed by UMB Distribution Services, LLC, 235 W Galena Street, Milwaukee, WI 53212-3948