Hamilton Lane to Buy 361 Capital
Posted on 01/28/2021
Hamilton Lane (NASDAQ: HLNE) announced plans to acquire the business of 361 Capital, LLC, a Denver-based boutique alternative asset management firm. The acquisition aims to expand Hamilton Lane’s presence and capabilities in the U.S. private wealth channel. The 361 Capital team, led by Chairman and CEO Tom Florence and President Josh Vail, will remain in Denver, Colorado, growing Hamilton Lane’s footprint to 18 locations around the world. Founded in 2001, 361 Capital is majority employee-owned with strategic investments from Lovell Minnick Partners and Lighthouse Investment Partners. Closing is expected to occur later this quarter and is subject to customary closing conditions. 361 Capital is being represented by Piper Sandler & Company in the transaction.