Hamilton Lane

Hamilton Lane is a publicly traded private-markets investment firm, listed on Nasdaq under the ticker HLNE, offering separately managed accounts, commingled funds, and advisory services across private equity, credit, infrastructure, and real estate strategies for institutional and wealth-management clients.

Secondaries sits alongside co-investment and primary fund commitments as one of Hamilton Lane's core strategies, and the firm is frequently named alongside StepStone as one of the two largest publicly traded private-markets solutions providers.

Like StepStone, Hamilton Lane has pushed to make private-markets strategies including secondaries more accessible to individual accredited investors through registered fund structures, part of a broader industry trend toward "democratizing" access to private markets.

Hamilton Lane runs secondaries alongside co-investment, primary commitments and direct credit, and is publicly listed. It has been among the more active firms in packaging private-markets exposure — including secondaries — into evergreen and semi-liquid structures aimed at investors who cannot or will not lock capital up for a decade.

On the sell side, institutions; on the buy side of its own funds, an increasingly broad investor base. The evergreen structure is worth understanding on its own terms: it offers periodic liquidity, but that liquidity is contractual and capped, and it is funded by the manager holding cash or by new subscriptions — not by the underlying assets becoming liquid.

Publicly listed private-markets firms where secondaries is one of several strategies (alongside primaries, co-investment, and direct credit) sold to institutional and increasingly individual investors.

This site groups buyers into four categories, because the category tells you more about how a firm behaves than its size does. See the rest of thepublic multi-strategy managergroup in the directory.