The firm plans to adjust the fee structure in its flagship secondaries funds to better align with prevailing market practices.
The firm is developing products for retirement and mass affluent investors as wealth AUM soars 41% YoY to $82 billion.
The firm reported a 14% QoQ increase in private wealth inflows, supported by growth across its evergreen funds and easing redemption pressure in its credit and real estate vehicles.
The firm's evergreen private equity flagship, which invests in secondaries, reached $29 billion in NAV less than three years after inception.
One of which, Hamilton Lane Private Secondary Fund, raised its investment capacity by $500 million and saw its NAV climb 1.6x QoQ to $409 million as of March.
The increase was driven by continued strength in the firm's evergreen strategies, notably in AlpInvest and asset-backed finance, according to CFO Justin Plouffe.
The firm's lower fees in its flagship secondary funds will be offset by growth in its private wealth assets, according to CFO David Park.
We review CVC's H1 report, fundraising efforts, and performance across its secondaries and wealth channel products.
We review CVC's Q1 investment activity, fundraising efforts, and performance across its secondaries and wealth channel products.
Institutional Link dives into the January performance, investments, and portfolio makeup of the FTSE 250-listed trust.
