Hamilton Lane and Guardian Form Long-Term Strategic Partnership for Private Equity

Simpson Thacher represented Hamilton Lane in connection with its formation of a long-term strategic partnership with The Guardian Life Insurance Company of America (Guardian). Under the agreement, Hamilton Lane will assume management of Guardian’s existing private equity portfolio of nearly $5 billion. Guardian will commit to investing approximately $500 million per year in private equity through Hamilton Lane for the next ten years. The commitment will include $250 million in seed capital to support tactical new Evergreen initiatives and the continued growth of Hamilton Lane’s Global Evergreen Platform. As part of the arrangement and to align incentives and support value creation, Guardian will be granted equity warrants and will receive additional financial incentives. Hamilton Lane will also partner with Guardian’s dually registered broker-dealer and registered investment adviser, Park Avenue Securities (PAS), to deliver private equity investment solutions and to provide strategic support and education to PAS clients. PAS serves more than 2,400 advisors and covers approximately $58.5 billion of client assets under management. Simpson Thacher represented Hamilton Lane with a team composed by: Drew Harmon (Asset Management Transactions); Will Golden, Charles Mathes, Brandon Adoni, Aarthy Thamodaran and John Strubing (Capital Markets); Ryan Brizek, Stephanie Chaung and Christina Park (Registered Funds); Yoonji Woo and Joachim-Nicolas Herrera (Private Funds); Ari Zak and George Rhein (Tax); and Tristan Brown and Ryan Stott (Executive Compensation and Employee Benefits).

Hamilton Lane and Guardian Form Long-Term Strategic Partnership for Private Equity

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