US-based independent private equity asset management firm Hamilton Lane has purchased Shott Capital Management (SCM), for an undisclosed sum.
The acquired enterprise offers private equity and distribution management services to institutional investors, such as major public and private pension plans, foundations, endowments, and other financial institutions.
The acquisition will enable the acquirer to help the management, processing and disposition of newly-public portfolio company securities, subsequently offering more stylish stock distribution management as an ancillary offering to its clients.
Following the completion of the transaction, Hamilton Lane will continue to deliver investment services to SCM’s institutional private equity clients.
Commenting on the acquisition, Hamilton Lane CEO Mario Giannini said, "This newly combined platform will benefit both our new and existing clients and further enhance the Hamilton Lane client experience."
With offices in San Francisco and Boston, Shott Capital Management caters investment management solutions to private equity investors.
Delivering discretionary and non-discretionary private equity asset management services, Hamilton Lane has offices across the US, London, Hong Kong, Rio de Janeiro, Tel Aviv, Tokyo and Singapore.
Set up in 1991, the company has more than 190 staff and over $171bn in total assets under management and supervision.