Hamilton Lane | Global Private Assets Fund

Monthly Report as of 30 April 2021 Fund Overview

The Hamilton Lane Global Private Assets Fund I-USD Structure SICAV Part II
share class had positive performance of +2.87% in the
Inception Date May 2019
month of April, bringing cumulative returns since
inception in May of 2019 to +35.95%. Returns for 2021 Term Open-Ended Fund
in the I-USD share class are now over 6.50% through Master Fund Size* $894.7M USD
only the first four months, with 13 consecutive months
of positive performance. The strengthening of the Euro Currencies Available USD, EUR, GBP
and Great British Pound negatively impacted returns in Year-end December 31
the EUR and GBP hedged share classes.
*Fund Size includes current NAV plus subscriptions received through 3 May 2021

Performance for April was driven in large part by the

secondaries portfolio, which contributed two-thirds of Top Ten Investments by NAV
the total monthly gains, with most of the remaining % of
Company/ General Investment
gains coming from the direct equity portfolio. The two Sector Total
Fund Partner Type
largest secondary contributors were a new investment NAV
in Project Tidal and an uplift in Project Fosters. Project
Secondary
Tidal is a portfolio of seven late-stage venture and Project Foster Hamilton Lane
Purchase
Diversified 2.7%
growth assets that Hamilton Lane is leading the
purchase of from the sole investor into Cobalt Capital, AmeriLife Thomas H. Lee Co/Direct
Financials 2.5%
formerly known as Evolution Media Partners. Due to Group Company Investment
assets in the portfolio raising new rounds of capital at
increased valuations after the deal closed, the portfolio, Secondary
Project Tidal Cobalt Capital Diversified 2.2%
which originally was priced at around a 10% discount, Purchase

was marked up to over a 40% gain in the first month.

Project Fosters, which the Fund invested into in Project Bridgepoint Secondary
Various 2.1%
September of 2020, is a diversified secondary of five Penguin Capital Ltd. Purchase

funds and nearly 100 underlying companies. Fosters

came into the GPA Fund at nearly a 30% discount, but Hims
NewView Capital Co/Direct Consumer
2.1%
Management Investment Staples
since then has seen further appreciation in the
underlying assets and is now held at close to a 2.0x
with further upside potential, despite being only eight AIT Worldwide The Jordan Co/Direct
Industrials 2.1%
Logistics Company Investment
months into the hold period.

Including Project Tidal, the Fund closed into nine new Duff & Phelps
Stone Point Co/Direct
Industrials 2.1%
Capital Investment
investments in April for a total of just under US$90
million. The investments spanned equity, credit, and ICONIQ
Strategic
debt, with US$33 million committed to equity deals, Partners V Co- ICONIQ
Co/Direct
Health Care 1.8%
Investment
US$11 million committed to credit deals, and the Invest, L.P.,
Series ES
remaining US$45 million into secondaries. These deals
Legend Capital
spanned industries and geographies, and indicate a Project Kavalan Management
Secondary
Various 1.6%
Purchase
continuing strong pipeline, as all available cash in the Limited
Fund as of early May is committed to deals expected to
NewView Capital Secondary Information
close in the next few months. Project Nirvana
Management Purchase Technology
1.6%

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Hamilton Lane | Global Private Assets Fund
Monthly Report as of 30 April 2021

Portfolio Diversification by Total Exposure

Credit ROW
15% 13%

OECD Asia
5%
Secondary
40%
Investment Western North
Europe Geography America
Type 67%
15%

Equity
45%

Information Consumer Discretionary

Credit 7%
Technology
Venture/Growth 15%
15% Consumer Staples
15% 9%
Energy
2%

Strategy Industry
Financials
Industrials 20%
24%

Buyout
70%
Health Care
23%

Track Record – I Shares USD

Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Annual

2019 N/A N/A N/A N/A 2.21% 0.40% 1.45% 0.12% 1.09% 0.53% 0.96% 2.62% 9.75%

2020 0.42% (1.37%) (3.44%) 2.72% 2.06% 1.41% 2.20% 0.09% 4.10% 0.89% 3.39% 2.93% 16.26%

2021 1.14% 0.04% 2.37% 2.87% 6.56%

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Hamilton Lane | Global Private Assets Fund
Monthly Report as of 30 April 2021

Share Class Performance

Since
Since
Share Class ISIN Launch Date NAV per Share MTD YTD 2020 Inception
Inception
Annualized

I-USD LU2008199189 May 2019 $135.9526 2.87% 6.56% 16.26% 35.95% 16.60%

I-EUR LU2097348770 Feb 2020 €117.0169 1.75% 6.86% - 17.02% -

I-GBP LU1935315397 Feb 2020 £120.7778 2.62% 5.88% - 20.78% -

R-USD LU2086496044 Jan 2020 $123.1579 2.83% 6.40% - 23.16% -

R-EUR LU2086611246 Oct 2020 €111.1562 1.71% 6.70% - 11.16% -

F-USD LU2008198702 May 2019 $138.4088 2.99% 6.95% 17.25% 38.41% 17.65%

Taylor Burns +1 (610) 617-5842

For questions and inquires, please contact :
One Presidential Boulevard, 4th Floor [email protected]
Bala Cynwyd, PA 19004 www.hamiltonlane.com
United States of America

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 Hamilton Lane | Global Private Assets Fund
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fees, since the performance of the account would determine the effect such fees would have on returns. Expenses also vary based on the particular investment
vehicle and, therefore, were not included in this hypothetical example. Both performance fees and expenses would further decrease the return.

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Any tables, graphs or charts relating to past performance included in this presentation are intended only to illustrate the performance of the indices, composites,
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and have not been prepared, reviewed or approved by the general partners.

As of February 24, 2021

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