Global private markets firm Hamilton Lane establishes first Hong Kong Limited Partnership Fund as part of expansion plan
Invest Hong Kong (InvestHK) announced today (27 September 2024) that leading global private markets investment management firm, Hamilton Lane, has expanded its Hong Kong operation, setting up its first Hong Kong Limited Partnership Fund (HKLPF). Hamilton Lane will leverage the city’s attractive tax regime and strategic location to build on its presence within the region.
(From right): Associate Director-General of Investment Promotion, Mr Charles Ng; Co-Chief Executive Officer at Hamilton Lane, Mr Juan Delgado; and Head of Greater China Client Solutions at Hamilton Lane, Ms Shannon Chow
Associate Director-General of Investment Promotion, Mr Charles Ng, congratulated Hamilton Lane’s expansion in Hong Kong. He said, "Hong Kong as an international finance centre has a prudent and robust financial regulatory regime, free flow of capital, a full range of financial products, and a large pool of financial talents. It is an ideal place for overseas and Mainland financial companies to set up or expand their business in the region."
Hamilton Lane has been operating in Hong Kong for 15 years, having opened its inaugural office in Asia here in 2009. Together with its newly established HKLPF, the company is marking a number of milestones within Hong Kong at the moment, according to Head of Greater China Client Solutions at Hamilton Lane, Ms Shannon Chow.
Ms Chow said, “We have been operating in Hong Kong for many years now, having been initially drawn to the city by its attractive tax structure and lowest tax rates of any major financial centre. The city is situated in the heart of Asia, close to our client base here, and is well connected to the rest of the world.”
She added, “Hong Kong’s strong workforce is important for us to develop our business, as we continue to add to and grow our talented team, including in support of the HKLPF.”
Founded in 1991 in the US, Hamilton Lane provides innovative solutions to institutional and private wealth investors around the world. It employs approximately 700 professionals in 22 offices around the world with over US$940 billion in assets under management and supervision composed of nearly US$130 billion in discretionary assets and more than US$810 billion in non-discretionary assets, as of June 30, 2024. Hamilton Lane specialises in building flexible investment programs that provide clients access to the full spectrum of private markets strategies, sectors and geographies.
For more information about Hamilton Lane, please visit www.hamiltonlane.com.
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