Hamilton Lane has signed a deal to expand its real assets platform through the acquisition of Real Asset Portfolio Management, a Portland, Oregon–based investment management firm focused exclusively on real assets.
Through the acquisition, Hamilton Lane will build upon its 18-year history of investing in the real assets space, expanding its existing real assets team by adding nine investment professionals. Hamilton Lane plans to acquire substantially all of the assets of the firm and will bring on the full RAPM team in their current roles.
The RAPM team, led by Steve Gruber and Brent Burnett, will remain based in Portland and will manage the new combined real assets investment team to provide global coverage of the asset class. Gruber and Burnett will join Hamilton Lane’s real assets investment committee.
Closing is expected to occur later in 2017 and is subject to customary closing conditions.