Hamilton Lane also announces investment in Daphne alongside
existing investors Apollo Global Management and Motive
Partners.
LONDON and NEW
YORK and CONSHOHOCKEN,
Pa., June 26, 2024 /PRNewswire/ -- Leading
private markets investment management firm Hamilton Lane (Nasdaq:
HLNE) announced a partnership with, and investment in, Daphne
Technologies, a platform facilitating distribution of
alternative assets and increased efficiency of the fundraising
process.
As part of this partnership, Daphne has integrated with Cobalt –
Hamilton Lane's proprietary private markets data, analytics,
forecasting, and diligence platform. Daphne enables straight
through data processing by which alternative asset managers can
directly transmit fund information into Cobalt, greatly simplifying
what has traditionally been a manual and painstaking process for
both asset managers and their investors and channel partners.
Daphne enables a direct digital connection between asset
managers and their investors and channel partners. Using Daphne,
asset managers can digitize fund data and publish it with a click
of a button to multiple channels like institutional investors,
investment consultants, IBDs and RIAs. This data can be transmitted
and consumed via a web-based interface or API. Daphne gives asset
managers the tools to simplify and streamline fund diligence and
reporting, eliminating months' worth of manual effort per fund
annually1. With Daphne asset managers are prepared for
the digital future of fundraising with a large and growing base of
investors.
Griffith Norville, Head of Technology Solutions at Hamilton
Lane, commented: "Hamilton Lane is deeply committed to partnering
with leading technology providers to build tools for investors who
seek diversified portfolios and exposure to value creation
opportunities in the private markets. We are excited to partner
with Daphne to seek to enable access for investors to more
high-quality and timely data to help power informed investment
decisions."
"We are thrilled to partner with Hamilton Lane given their
proven track record of making strategic investments in high-growth
technology companies in alternatives," said Amit Gairola, Chief Executive Officer of Daphne.
"The Cobalt partnership is transformational for Daphne and unlocks
asset manager adoption of the platform."
Hamilton Lane's Technology Solutions, anchored by Cobalt, are
leveraged by hundreds of investors worldwide to conduct private
markets research, analytics, investment diligence, and portfolio
construction. With information on over 58,600 funds2
across all private markets, clients use Cobalt for in-depth
analysis on funds in market, including extensive quantitative and
qualitative insights produced by Hamilton Lane's global investment
team.
Daphne was founded in 2022 through a collaboration between
Apollo Global Management and Motive Create, Motive Partners'
in-house innovation division, to transform the management and
transmission of data between asset managers and their investors and
channel partners, including portfolio companies. Apollo Global
Management is an active customer of Daphne and uses the platform to
publish its managed funds' data online, manage its employee invest
program and distribute data to select channel partners. Daphne has
more than 50 alternative asset funds active on its platform and has
been used by its customers to raise $625
Million AUM.
About Daphne
Daphne enables the direct
digital connection between asset managers and their investors and
channel partners. Using Daphne asset managers can digitize their
fund data and publish it with a click of a button to multiple
channels like institutional investors, investment consultants, IBDs
and RIAs. This data can be transmitted and consumed via a web-based
interface or API. Daphne gives asset managers the tools to simplify
and streamline fund diligence and reporting. Using Daphne asset
managers are prepared for the digital future of fund distribution
to a wide group of investors. For more information, please
visit our website or follow us on LinkedIn.
About Hamilton Lane
Hamilton Lane (Nasdaq: HLNE) is
one of the largest private markets investment firms globally,
providing innovative solutions to institutional and private wealth
investors around the world. Dedicated exclusively to private
markets investing for more than 30 years, the firm currently
employs approximately 700 professionals operating in offices
throughout North America,
Europe, Asia Pacific and the Middle East. Hamilton Lane has over
$920 billion in assets under
management and supervision, composed of more than $124 billion in discretionary assets and
approximately $796 billion in
non-discretionary assets, as of March 31,
2024. Hamilton Lane specializes in building flexible
investment programs that provide clients access to the full
spectrum of private markets strategies, sectors and geographies.
For more information, please visit our website or follow
Hamilton Lane on LinkedIn.
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1Based on estimates from our
current customers
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2As of March 31,
2024
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SOURCE Hamilton Lane