Hamilton LaneLU2086496044Class R-USD
The Global Private Assets Fund is the flagship of the Hamilton Lane evergreens and, launched in 2019 and billions in size, one of the largest and oldest in the entire field: buyout, growth and private credit blended globally, as a Luxembourg SICAV.
Monthly subscription and redemption with only one week's notice — the shortest among the large vehicles; the net gate operates quarterly, and a one-year soft lock makes early redemptions more expensive.
Subscription from USD 25,000 depending on class; reserved for professional investors in the EEA, in Germany through professional and semi-professional investors (the latter from EUR 200,000). The recommended holding period is ten years.
The reference point of the multi-asset evergreens: more live history and more proven redemption practice than almost all competitors combined. Investors needing the ELTIF framework take the same house's Access variant — those able to subscribe professionally get the original here.
Figures for class R-USD (LU2086496044) · product data 9 Oct 2026 · sources: prospectus (as at PPM May 2026), PRIIPs-KID, Factsheet, monthly report — full list under 08 documents.
Since the data series began in Aug 2021, the unit price has gained 9.4% per year. The series is monthly; valuations of private holdings arrive quarterly and smoothed — the line is therefore calmer than the risk.
61 monthly values, 58 derived from monthly returns · Source: price feed / provider document · Returns calculated by semiliquid.info from the NAV series, not an official provider figure. Taxes and dealing costs of reinvestment are not considered. Past performance is not a reliable indicator of future results. The fund has been running since May 2019; a reliable NAV series of the class is available from Aug 2021.
What the prospectus permits: Investment Type: co-/direct investments 50%, Diversified Secondaries 28%, Single-Asset Secondaries 17%, Complex Secondaries 5% - no primary fund allocation. Strategy: Buyout 73%, VC/Growth 21%, Credit 6%. 210+ investments, 180+ General Partners
Taxonomy of semiliquid.info; only published values are used, nothing is estimated. The actual portfolio breakdown is in 03 Portfolio.
200 holdings; the five largest account for 8.1% of the fund. 9.0% is held in the liquidity reserve — enough for 5 months of maximum redemptions.
How the reserve is invested: UMB Money Market II Special 9.9% · UMB Bank Money Market Special II Deposit (parallel fund) 7.7% · UMB Bank Money Market Special Deposit (parallel fund) 1.4% · 3 more 0.7%. It covers 5 months of the maximum net redemption (at most 20% per year under the gate) — what that means for redemptions is in 06.
Among the ten largest: 8 co-investments, 2 GP-led secondaries; 1 name not disclosed.
OpenAI (San Francisco) develops large generative AI models in the GPT series as well as products such as ChatGPT and API services for consumers, developers and enterprises.
US direct-to-consumer home improvement platform controlled by Gridiron Capital, comprising Leaf Home and Erie Home.
TradingView operates a widely used platform for charting, market data and community exchange among traders, targeting retail and professional users through a freemium subscription model.
Mattioli Woods is a UK wealth manager based in Leicester, offering financial planning, pension advice and employee benefits consulting.
Solenis is a global producer of specialty chemicals and water treatment solutions for water-intensive industries such as pulp and paper, municipalities, and hygiene and cleaning.
Minimax, headquartered in Bad Oldesloe, is an international provider of fire protection systems and services, from sprinkler and extinguishing systems to maintenance and service.
Undisclosed single-asset secondary transaction with Delta-v Capital (Boulder, Colorado), a growth investor focused on B2B software and technology companies.
Positions and shares according to the provider; short descriptions by semiliquid.info from public sources; holdings as at 31 Dec 2025, reserve as at 31 Mar 2026; Allocation according to the uniform semiliquid taxonomy; only published values are used, nothing is estimated.
Cost figures of the main class according to provider documents. On top comes a performance fee of 12.50% above a hurdle of 8% — without a high-water mark.
For 100,000 USD, a one-off up to 5,000 USD on purchase and up to 3,000 USD on redemption.
Based on the PRIIPs key information document of class R-USD, hence comparable across providers.
Units can be subscribed monthly. The price is the NAV on the valuation day — it is not known when the order is placed.
Account in good order by the 5th business day after the valuation day
The Board may accept orders after the Dealing Deadline at its absolute discretion (p. 25)
Price = NAV per share on this day.
Month-end NAV by the 15th business day of the following month at the latest.
after NAV publication: 3 business days after NAV publication
An order placed today is invested in — days (—); the money is due on —. Miss the cut-off and you move to the next dealing day: cut-off —, invested from —.
| Frequency | monthly |
|---|---|
| Procedure | fully paid-in |
| Valuation day | last calendar day of the month |
| Cut-off | 7 calendar days before Valuation day · 17:00 CET · (before the anchor date) |
| Price | valuation day |
| NAV publication | Month-end NAV by the 15th business day of the following month at the latest; mid-month NAV 15 business days after the 15th. |
| Payment | after NAV publication: 3 business days after NAV publication |
| Minimum investment | USD 100,000 |
| Entry charge (max.) | 5% (Fund) |
| Subscription limit | The Board may limit net subscriptions by reference to the opportunity set, without prior notice; rejection/deferral at any time |
| KYC / documents | Account in good order by the 5th business day after the valuation day |
| Revocation | deferred subscriptions cancellable up to the next Dealing Deadline |
| Business day | banks fully open for business in Luxembourg (p. 46) |
Dates calculated from the prospectus rules (bank holidays: LU); only the transfer agent’s confirmation is binding. Data as at 9 Oct 2026 · Documents: 08.
Units can be redeemed monthly — with a volume limit (Gate) and without a lock-up. How quickly the money arrives and what happens if many want out at once is set out below.
Gate: until the 2nd anniversary of the Launch Date (1 May 2019) gross redemptions, thereafter Net …
NAV per unit less redemption fee (up to 3%)
NAV at previous quarter-end (—)
NAV publication
A request made today is paid out on — — — days; from the cut-off to cash it is — days.
Money typically within a quarter — on average 48 days from decision to cash.
Rank 25 of 112 · rank 5 of 15 in Multi-Asset · no lock-up · exit costs of 3.0% included
Money typically within a quarter — on average 48 days from decision to cash.
no lock-up · no fixed redemption fee
Confidence high — prospectus complete, dates calculated, no assumptions in the value · prospectus as at 15 May 2026 · score run 16 Oct 2026 · How 48 days become 41 pointsThe score measures how quickly and reliably you can get your money out according to the prospectus — not whether the fund is good.
| Character | redemption right |
|---|---|
| Frequency | monthly |
| Valuation day | last calendar day of the month |
| Notice | 7 calendar days before Valuation day · 17:00 CET |
| Price | valuation day |
| Payout | 3 business days after NAV publication |
| Gate | 5% gross of NAV at the previous quarter-end per quarter |
| Scaled-back portion | carried forward automatically to the next dealing day |
| Redemption fee (max.) | up to 3% (12 months, cliff (lapses after the period)) |
| Lock-up | none |
| Suspension | emergency; market disruption; valuation impossible |
| Liquidity tools | Gate, suspension, Short-Term Redemption Fee, redemption fee, Extraordinary Dealing, further Annex V LMTs possible |
| Switch / transfer | permitted only with the consent of the Board; DLT classes only via the relevant ledger or the Allfunds channel |
| Compulsory redemption | The Board may require redemption at any time without giving reasons; compulsory conversion where the minimum investment is no longer met |
5% of the fund NAV per calendar quarter, measured against the NAV at the end of the preceding quarter. Since the second anniversary of launch the limit has applied to net redemptions (accepted redemptions less subscriptions of the same valuation day), before that to gross redemptions; redemptions are possible monthly, whereas the gate operates on a quarterly basis.
The gate is quantified at 5% of the fund NAV per calendar quarter and, since the second anniversary of launch, relates to net redemptions, that is, redemptions less the subscriptions accepted on the same valuation day; the board of directors may raise the limit or lift it entirely at its discretion.
Dates calculated from the prospectus rules (bank holidays: LU); only the transfer agent’s confirmation is binding. Data as at 9 Oct 2026 · Documents: 08.
15 classes. All cost and risk figures on this page refer to the basis class R-USD.
PRIIPs KID ✓: a key information document exists and is the source of the costs. —: no KID documented — the class is distributed outside the EEA or to investors not covered by the KID requirement, or the document is not available.
Who is behind the fund, where it may be distributed — and which documents were evaluated.
| Document | As at | Used for |
|---|---|---|
| Key information document (PRIIPs KID) | 30 Apr 2026 | — |
| NAV series price feed / provider document | 31 Aug 2026 | Performance (01) |
| Positions and reserve | 31 Dec 2025 | Portfolio (03) |
All figures are taken from provider documents (product data as at 16 Oct 2026, distribution data as at 5 Oct 2026) and have not been conclusively verified.
Redemption monthly, notice period 7 calendar days before Valuation day, with 5% gate per quarter. Subscribing today, it takes on average 48 days from decision to cash under the prospectus deadlines; a gate is not factored in.
From 25,000 USD in the smallest class in USD.
Not as a retail investor. According to our evidence, in Germany it is open only to semi-professional investors (as at 5 Oct 2026). The Access check shows the details.
As at 16 Oct 2026, no redemption restriction is documented for the Hamilton Lane Global Private Assets Fund. Under the prospectus a gate of 5% per quarter applies.
Same asset class, similar sub-strategy.
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Liquidity score in the “as of today” view with average days to cash. No recommendation, no ranking.