Hamilton Lane is a private markets investment solutions firm that serves institutional investors, family offices, and high-net-worth individuals. The firm acts as an allocator and portfolio construction specialist rather than a direct manager of companies. Hamilton Lane manages portfolios across private equity, private credit, real estate, infrastructure, venture capital, and secondary markets. It delivers services through customized separate accounts, specialized funds, and non-discretionary advisory services. Separate accounts are bespoke portfolios for individual clients, while specialized funds include traditional drawdown structures and semi-liquid evergreen funds. Advisory services provide manager screening and due diligence for clients with internal investment teams. Hamilton Lane generates revenue primarily through recurring management and advisory fees based on committed capital or net asset value. The firm also earns incentive fees, such as carried interest and performance fees, tied to investment results. Expansion of the evergreen fund platform and increased distribution through private wealth and insurance channels drive growth. The firm leverages proprietary data to inform investment decisions and provides reporting and monitoring services.