Over the last several years, Conshohocken-based Hamilton Lane stepped out of its consulting niches to become one of the largest fund of funds in the nation, writes Jeff Blumenthal for the Philadelphia Business Journal.
In 1999, Hamilton Lane was primarily a consulting business with 25 employees and one office in Center City. Twenty-five years later, the private markets investment firm is a publicly traded company with around 700 employees in 21 offices, including 14 abroad.
Most of this growth happened in the last five years, with the firm nearly doubling its assets under management and advisement to $940 billion. Hamilton Lane now ranks as the largest private equity firm and the fourth-largest money manager in the Philadelphia region with revenue of $553.8 million in fiscal 2024.
Hamilton Lane achieved that by performing direct investments in asset classes like fund of funds, private equity, and private credit and targeting mass affluent customers.
“We went from a [mass affluent] business line that had $0 in it to today a business line that has billions of dollars in it, and that growth continues to be steady,” said Hamilton Lane co-CEO Erik Hirsch.
Read more about Hamilton Lane in the Philadelphia Business Journal.
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