The latest news in investment offerings, financial products and other services relevant to wealth advisors and their clients.

Hamilton Lane
US-headquartered private markets investment firm Hamilton Lane has launched its semi-liquid Asia Private Assets Fund (HPLA), which aims to provide private wealth and institutional investors with diversified access to Asia’s $3+ trillion private equity market.

The fund aims to provide investors with diversified, attractive return exposure to Asia’s private markets, focusing on private equity through direct investments and secondaries, the firm said in a statement. By using Hamilton Lane’s more than 15 years of experience investing across Asia, as well as the firm’s regional network and flexible evergreen structure, the fund aims to capitalise on Asia’s macroeconomic tailwinds and deliver quality risk-adjusted returns.

Key features of the fund include a flexible portfolio construction, allowing it to adapt to market dynamics and designed to optimise risk-adjusted returns across growth investments and mature buyout deals. It also includes access to investments alongside fund managers across Asia. It has an open-ended, flexible structure that provides immediate capital deployment without capital calls, along with lower minimum investments compared with traditional drawdown funds, monthly subscriptions and the potential for limited quarterly liquidity subject to the fund’s terms and conditions.

"Asia drives 60 per cent of global GDP growth, much of it through a vibrant private sector, yet most private market products focus on broad global and US exposure and offer limited access to Asia,” Collwyn Tan, co-head of Asia Investments, said. “HLAPA is a pioneering offering that seeks to provide wealth professionals and investors of all sizes with seamless, diversified access to Asia’s compelling private asset landscape."

“HLAPA's open-ended structure and the potential for liquidity create a compelling opportunity for investors to access high-quality private assets without the constraints of traditional drawdown funds,” SungJi Steve An, head of client solutions APAC, added.

The Hamilton Lane Asia Private Assets Fund is the latest addition to the firm’s broader $11 billion assets under management Evergreen Platform, which was first launched in 2019 and includes nine funds across multiple strategies.