Hamilton Lane Private Assets Fund has initiated a tender offer to purchase shares valued at approximately $335 million, which is about 5% of its net assets. This strategic move is designed to enhance liquidity for shareholders and reflects the Fund's commitment to providing value to its investors.

The tender offer, announced on November 3, 2026, allows shareholders to sell their shares at net asset value (NAV) calculated as of September 30, 2026. Shareholders are encouraged to tender their shares by December 3, 2026, with the possibility of extending the offer at the discretion of the Fund's board of trustees.

Background

Hamilton Lane Private Assets Fund, registered as a closed-end, non-diversified management investment company, operates under the Investment Company Act of 1940. The Fund is incorporated in Delaware and has its principal office located in Conshohocken, Pennsylvania. As of September 30, 2026, the Fund held significant capital across its share classes, including Class D, Class I, and Class R Shares.

What the Filing Says

The tender offer aims to purchase shares up to approximately 5% of the Fund's net assets, amounting to around $335,707,353 or about 16,373,275 shares. The NAV per Class D, Class I, and Class R Shares as of the close of business on September 30, 2026, was reported as $20.57, $20.83, and $19.99, respectively. Shareholders wishing to participate must submit their tenders by the specified deadline.

Impact

This tender offer may significantly affect existing shareholders, providing them with an opportunity to liquidate their investments at NAV. Additionally, the move could influence the broader private equity investment landscape, prompting competitors to consider similar liquidity options for their investors.

What's Next

Shareholders must submit their tenders by 11:59 p.m. Eastern Time on December 3, 2026. The Fund reserves the right to adjust the Valuation Date to align with any extensions of the offer. Further updates will likely be provided as the deadline approaches.