Hamilton Lane and Guardian announce strategic partnership

Hamilton Lane (HLNE) and The Guardian Life Insurance Company of America, one of the nation’s largest life insurers and a leading provider of employee benefits, announced an innovative, long-term strategic partnership. Through this partnership, Hamilton Lane will manage Guardian’s existing private equity portfolio of nearly $5B. Guardian will also commit to invest approximately $500M per year in private equity for the next 10 years through Hamilton Lane. This commitment maintains Guardian’s typical annual contribution to the asset class and supports its general account target allocation goals. This will include $250M in seed capital for tactical new Evergreen initiatives to support the continued growth of Hamilton Lane’s Global Evergreen Platform. Guardian’s general account will gain more access to a much wider range of investment opportunities through Hamilton Lane’s industry-leading platform in a mix of primary, co-investment, and secondary market opportunities. To support the partnership’s shared goals of accelerating growth and driving value creation, Guardian will be granted equity warrants along with additional financial incentives.