Hamilton Lane, Columbia Threadneedle Roll Out Public and Private Market Offering
Asset manager Columbia Threadneedle Investments and Hamilton Lane, a private markets investment firm, have joined forces to launch investment solutions, providing further exposure to private and public markets.
Through the partnership, Columbia Threadneedle and Hamilton Lane’s private markets platform will allow financial advisors to gain access to various investment sourcing capabilities and data analytics, both firms stated.
Additionally, Columbia Threadneedle filed a preliminary registration statement with the Securities and Exchange Commission to launch the Columbia Hamilton Lane Growth Innovation Fund.
The public-private growth equity interval fund, and additional investment products, which will be managed by Columbia Threadneedle, will be offered to the wealth channel through advisors.
The fund will focus on capital growth, allocating at least 80% of its net assets to investments in growth-focused companies. Also, the fund will be evenly distributed to publicly traded securities and private assets, and about 40% of the fund’s assets will be invested in underlying funds, which will be managed by Hamilton Lane, according to the SEC filing.
The move from the two firms comes after T. Rowe Price and Goldman Sachs Asset Management recently joined forces to launch the T. Rowe Price Goldman Sachs Private Markets Fund, an interval fund, designed to provide individual investors with broader access to institutional-quality private market investments.
In July, Wellington Management, Vanguard, and Blackstone launched two new investment solutions: the WVB All Markets Fund and the WVB Blackstone All Privates Fund.
Separately, Columbia Threadneedle Investments has relaunched the CT European Corporate Bond Plus fund, which aims to deliver capital appreciation and will focus on duration risk, after shifting from credit risk.
The fund will invest at least two-thirds of its portfolio in investment-grade bonds, with a limit of 30% in high-yield investments and will be managed by portfolio manager Christopher Hult.