Hamilton Lane Forms $5B Strategic Partnership with Guardian to Manage PE Portfolio
Hamilton Lane and The Guardian Life Insurance Company of America have entered a strategic partnership under which Hamilton Lane will assume management of Guardian’s existing nearly $5 billion private equity portfolio. As part of the agreement, Guardian will also commit approximately $500 million per year to private equity investments for the next 10 years through Hamilton Lane.
The commitment includes $250 million in seed capital earmarked for new tactical Evergreen initiatives, supporting the continued expansion of Hamilton Lane’s Global Evergreen Platform. The structure provides Guardian’s general account with access to a broader set of private markets opportunities—spanning primary funds, co-investments, and secondaries—while aligning the partnership through equity warrants and additional financial incentives granted to Guardian.
Hamilton Lane will also collaborate with Guardian’s dually registered broker-dealer and RIA, Park Avenue Securities (PAS), to deliver private markets investment solutions and provide strategic support and education to PAS advisors and their clients. PAS oversees more than $58.5 billion in client assets across a network of over 2,400 financial advisors, positioning the partnership to expand private markets access within the wealth channel.
“This partnership is a testament to the strength of our Insurance Solutions platform and the trust we’ve built with leading institutional investors,” said Erik Hirsch, Co-CEO of Hamilton Lane.
“Partnering with Hamilton Lane allows us to enhance our investment and wealth management capabilities while supporting the financial well-being of our customers and policyholders through innovative, long-term strategies,” added Andrew McMahon, Chairman and CEO of Guardian.
The transaction is expected to close by the end of the fourth quarter of 2025. Guardian investment professionals currently supporting the private equity portfolio are expected to transition to Hamilton Lane upon closing, further strengthening the firm’s insurance-focused expertise.
As of June 30, 2025, Hamilton Lane had approximately $986 billion in assets under management and supervision, including $141 billion in discretionary and more than $845 billion in non-discretionary assets.