Hamilton Lane‘s EMEA secondaries head has been promoted to the top job.
Richard Hope, who is managing director of secondaries and co-investments in EMEA, will be responsible for “driving and executing the firm’s strategy throughout the region”, according to a statement. He will combine the job with his current position.
Hope replaces managing director Jim Strang, who assumes the new role of chairman EMEA. Strang will focus on the $481 billion investment manager’s primary fund investing business, business development and relationship management. Hope also replaces Strang as head of the investment manager’s London office.
Strang remains on the firm’s investment committee.
“We are confident that their combined leadership and expertise will help to continue our firm’s growth efforts throughout the EMEA region,” said Hamilton Lane’s chief executive Mario Giannini.
The firm has made additional hires in its London-based secondaries team, the statement noted. A spokeswoman told Secondaries Investor it was too early to give details of these hires.
Hope joined Hamilton Lane’s investment team in 2011, becoming managing director of EMEA secondaries and co-investments in 2016. Prior to that he worked at Alliance Trust Equity Partners, an Edinburgh-based private equity firm.
Strang also joined in 2011, becoming head of EMEA in 2015. Previously he was a partner at UK private equity firm Dunedin and was a founding member of Gartmore Private Equity Trust, now Hermes GPE.
Bala Cynwyd-headquartered Hamilton Lane is in market with its fifth flagship secondaries fund targeting $3 billion, Secondaries Investor reported in 2018. It has raised $1.1 billion as of November and had attracted commitments from investors such as Public Employee Retirement System of Idaho, Secondaries Investor data show.