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Hamilton Lane to Acquire 361 Capital, Further Expanding its Presence in the Private Wealth Channel
BALA CYNWYD, Pa., Jan. 28, 2021 (GLOBE NEWSWIRE) Leading private markets investment management firm Hamilton Lane (NASDAQ: HLNE) today announced plans to acquire the business of 361 Capital, LLC (“361 Capital”), a Denver-based boutique alternative asset management firm.
The acquisition aims to expand Hamilton Lane’s presence and capabilities in the U.S. private wealth channel. The 361 Capital team, led by Chairman and CEO Tom Florence and President Josh Vail, will remain in Denver, CO, growing Hamilton Lane’s footprint to 18 locations around the world.
The deal is the latest development in Hamilton Lane’s expansion into the private wealth universe, following the recent launch of the Hamilton Lane Private Asset Fund (“PAF”), a closed-end management investment company, available to qualified U.S. investors that offers a portfolio of private equity and private credit as