Hamilton Lane moves to a larger office in Toronto, bolstering its 20-year presence in Canada
Hamilton Lane, an investment management firm specializing in private markets, has announced the expansion of its Canadian operations with a move to a larger office in Toronto's Financial District.
This development is to support the firm's growing team and client base, amid increasing demand from Canadian investors for access to private markets.
Celebrating five years since establishing a dedicated office in Canada, a country where Hamilton Lane has been active for over two decades, the firm highlights its significant growth within the region. This expansion is evidenced by the addition of key team members Taylor McManus and Rob Reed.
McManus, joining as a principal on the Real Assets Team, focuses on direct, secondary, and primary fund investment opportunities in Canada and the US Reed, also a principal, manages client relationships and oversees primary fund investment diligence across the region.
Mike Woollatt, the head of Canada at Hamilton Lane, remarked on the increasing interest from both institutional and private wealth investors in Canada towards private markets, noting their pursuit of higher returns, lower volatility, and diversification from public market fluctuations.
As of December 31, 2023, Hamilton Lane manages over $27.5bn in assets on behalf of Canadian investors, including approximately $1.3bn CAD across its evergreen products like the Global Private Assets Fund (GPA) and Senior Credit Opportunities Fund (SCOPE).
GPA, aimed at high-net-worth and wholesale investors, currently holds $5.5bn and is approaching a 5-year track record. SCOPE, launched in 2022 for qualified high-net-worth investors and advisors, has nearly $596m under management.
Juan Delgado, co-chief executive officer, emphasized the firm's significant engagement with Canadian investors over the past five years and expressed gratitude for their trust.
He reaffirmed Hamilton Lane's commitment to delivering exceptional value to its Canadian clients, underscoring the firm's dedication to the Canadian market.
