Hamilton Lane makes secondaries MD promotion

The Conshohocken, Pennsylvania-headquartered alternatives manager is in market with its sixth secondaries fund, having raised $3.9bn for its predecessor.

Hamilton Lane has made a top-level promotion in its secondary investment team, one of nine across the firm.

The Conshohocken, Pennsylvania-headquartered firm has promoted Ryan Cooney to managing director, according to a statement. Cooney was a principal and has been with the alternatives manager since 2008, according to his LinkedIn profile.

Secondaries professionals Antony Anastasiadis and William Lo have been promoted to principal, the statement said.

London-based Anastasiadis joined in 2017 from intermediary Setter Capital, according to LinkedIn. Hong Kong-based Lo joined Hamilton Lane in 2019, after stints with Asia-Pacific specialists ROC Partners and TR Capital.

They were among 18 promotions to principal firm-wide.

Hamilton Lane came to market in November with its sixth secondaries fund, having closed its predecessor on $3.9 billion less than a year before, Secondaries Investor reported. A first close was expected in the first quarter. The target of the fund is not clear.

Among the deals Hamilton Lane has backed in 2022 are a single-asset process on Aspen Surgical Products, an Audax Private Equity portfolio company, according to a statement. It invested alongside Goldman Sachs Asset Management as part of a process managed by Evercore.

The firm came 13th in last year’s SI 50 ranking of the biggest fundraisers in secondaries over a trailing five-year period.