Appointments underscore the firm's commitment to meet the
growing interest of insurers in bolstering portfolios through
broadened exposure to private markets
CONSHOHOCKEN, Pa., July 29,
2024 /PRNewswire/ -- Leading private markets
investment management firm Hamilton Lane (Nasdaq: HLNE) today
announced the creation of a dedicated Insurance Solutions team,
formalizing its long-standing efforts to serve insurers and enhance
its focus on investments and client support with the appointment of
two senior team members.
Eric Solfisburg has joined
Hamilton Lane as an Insurance Strategist within the firm's Direct
Credit team, and Kyle Ross has
joined the Insurance Client Solutions team. John Brecker, Head of Insurance Solutions, will
lead the new Insurance Solutions team dedicated to building on
Hamilton Lane's nearly 30-year track record of working with
insurers, and the nearly $92 billion
the firm manages or oversees on behalf of insurers globally*.
Solfisburg will work to develop and implement investment
solutions designed for insurers seeking attractive returns in a
capital-efficient manner. He brings a wealth of industry experience
to the role, having joined from MassMutual as Head of Investment
Product Consulting, where he was responsible for the investment
aspects of the Institutional Insurance business. Notably,
Solfisburg was a member of the inaugural class of The American
Council of Life Insurers' (ACLI) Rising Leader Program. He received
a B.S. from Babson College and holds
the CFA, CAIA, Chartered Life Underwriter (CLU) and Chartered
Financial Consultant (ChFC) designations.
Ross is responsible for maintaining and developing client
relationships with insurers across North
America. Prior to joining Hamilton Lane, he was a Senior
Vice President at Capital Dynamics, responsible for business
development with insurers. Previously, he worked at Macquarie Asset
Management in the Insurance Solutions group. Ross received a B.S.
in Management with a concentration in Finance from the Carroll
School of Management at Boston College
and holds CFA and CAIA designations.
Brecker commented: "Creating this dedicated team underscores our
commitment to developing and delivering leading private markets
solutions tailored to insurers' unique risk and return profiles. As
a growing number of insurers seek access to the risk and return
profiles available within the private markets, we are thrilled to
welcome Eric and Kyle and their extensive expertise to the
firm.
"As we look ahead, it is important for us to also recognize that
Hamilton Lane's Insurance Solutions business wouldn't be where it
is today without our dear friend and colleague, Ryan Jaggers. We think of him often, remember
him fondly and hope to honor his memory as we continue building the
business for which he laid the foundation."
The firm's Insurance Solutions platform leverages Hamilton
Lane's depth and scale and proprietary private markets data
analytics platform, Cobalt, to structure customized solutions that
address the specific needs of insurers.
*as of March 31,
2024
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.
Forward-Looking Statements
Some of the statements in this release may constitute
"forward-looking statements" within the meaning of Section 27A of
the Securities Act of 1933, Section 21E of the Securities Exchange
Act of 1934 and the Private Securities Litigation Reform Act of
1995. Words such as "will," "expect," "believe," "estimate,"
"continue," "anticipate," "intend," "plan" and similar expressions
are intended to identify these forward-looking statements.
Forward-looking statements discuss management's current
expectations and projections relating to our financial position,
results of operations, plans, objectives, future performance and
business. All forward-looking statements are subject to known and
unknown risks, uncertainties and other important factors that may
cause actual results to be materially different. You should
evaluate all forward-looking statements in the context of the risks
and uncertainties disclosed under the heading "Risk Factors" in
Part I, Item 1A of our Annual Report on Form 10-K for the fiscal
year ended March 31, 2024 and in our
subsequent reports filed from time to time with the Securities and
Exchange Commission. The forward-looking statements included in
this release are made only as of the date hereof. We undertake no
obligation to update or revise any forward-looking statement as a
result of new information or future events, except as otherwise
required by law.
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SOURCE Hamilton Lane