Hamilton Lane Targets Wealthy Investors With New Fund, Rare Deal
- Firm buying 361 Capital, recently added private-market fund
- Managers are seeking to expand offerings for affluent clients
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Hamilton Lane Inc. is pushing further into the market for wealthy investors.
With a new fund and a rare acquisition, the Bala Cynwyd, Pennsylvania-based alternative asset manager is looking to tap a new group of investors that consists of business founders and other affluent clients that don’t normally have as much access to private markets. The segment is “grossly underserved” in alternative markets, according to Erik Hirsch, vice chairman and head of strategic initiatives.