Simpson Thacher is representing Hamilton Lane in connection with its formation of an innovative, long-term strategic partnership with The Guardian Life Insurance Company of America (“Guardian”). Through this partnership, Hamilton Lane will manage Guardian's existing private equity portfolio of nearly $5 billion. Guardian will also commit to invest approximately $500 million per year in private equity for the next 10 years through Hamilton Lane. This will include $250 million in seed capital for tactical new Evergreen initiatives to support the continued growth of Hamilton Lane’s Global Evergreen Platform. 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.
Hamilton Lane will also partner with Guardian's dually registered broker-dealer and registered investment adviser, Park Avenue Securities (PAS), to deliver investment solutions and provide strategic support and education to PAS clients. PAS has over 2,400 advisors, covering approximately $58.5 billion of client assets under management.
The Simpson Thacher team includes Drew Harmon (Asset Management Transactions); Will Golden, Charles Mathes, Brandon Adoni, Aarthy Thamodaran and John Strubing (Capital Markets); Ryan Brizek, Stephanie Chaung and Christina Park (Registered Funds); Yoonji Woo and Joachim-Nicolas Herrera (Private Funds); Ari Zak and George Rhein (Tax); and Tristan Brown and Ryan Stott (Executive Compensation and Employee Benefits).