Hamilton Lane has become one of the first alternative asset managers to roll out a semi-liquid fund dedicated to investing in Asia.
Its fresh Asia Private Assets Fund will provide private wealth and institutional clients access to direct private equity investments and secondaries, per a company release on Wednesday.
The fund offers “flexible portfolio construction” that can adapt to market dynamics and optimise market risk-adjusted returns across growth equity investments and mature buyout deals. The client will be given access to investments alongside top-tier fund managers across Australia, Japan, Korea, India, Southeast Asia, and China.
Private equity managers are accelerating the launch of evergreen funds as fundraising from traditional sovereign wealth and pension funds slows, aiming to attract smaller clients with the appeal of flexible entry and exit. However, few have introduced Asia-focused vehicles, even though some have launched funds targeting offshore assets but marketed specifically to Asian investors.
“Asia drives 60% 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,” said Collwyn Tan, co-head of Asia Investments commented.
“The fund’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,” said Sungji Steve An, Head of Client Solutions APAC.
The fund is the latest addition to the firm’s broader $11-billion evergreen product, which was launched in 2019 and today includes nine funds across multiple strategies.
