BALA CYNWYD, Pa., Aug. 14, 2017 (GLOBE NEWSWIRE) -- Hamilton Lane (NASDAQ:HLNE) today announced it has completed its acquisition of Real Asset Portfolio Management, LLC (“RAPM”), a Portland, Oregon-based investment management firm focused exclusively on real assets.
The deal, which was first announced on June 20, broadens Hamilton Lane's real assets platform and continues to build upon its 18-year history of investing in the space. The acquisition includes substantially all of RAPM’s assets and its team of nine investment professionals in their current roles.
Steve Gruber and Brent Burnett, who had led the RAPM team as Founder and Managing Director, respectively, have joined Hamilton Lane’s real assets investment committee and will now manage the combined real assets investment team from Portland, providing global coverage of the asset class.
Mario Giannini, CEO of Hamilton Lane, said: “At a time when real assets is growing in importance within the private markets, successfully completing the acquisition of RAPM enhances our experienced investment team and enables us to better serve our clients with broader resources and capabilities. We are excited to welcome this new team that truly shares Hamilton Lane’s values, vision and dedication to our clients.”
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 26 years, the firm currently employs more than 290 professionals operating in offices throughout the U.S., Europe, Asia-Pacific, Latin America and the Middle East. With nearly $360 billion in total assets under management and supervision as of June 30, 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.
Cautionary Note on Forward-Looking Statements
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Source:Hamilton Lane Incorporated