M&A Deal Summary

Hamilton Lane Acquires 361 Capital

On January 28, 2021, Hamilton Lane acquired financial services company 361 Capital from Lovell Minnick Partners

Acquisition Highlights
  • This is Hamilton Lane’s 1st transaction in the Financial Services sector.
  • This is Hamilton Lane’s 2nd transaction in the United States.
  • This is Hamilton Lane’s 1st transaction in Colorado.

M&A Deal Summary
Date 2021-01-28
Target 361 Capital
Sector Financial Services
Buyer(s) Hamilton Lane
Sellers(s) Lovell Minnick Partners
Deal Type Add-on Acquisition
Advisor(s) Piper Sandler & Co. (Financial)

Target

361 Capital

Denver, Colorado, United States
361 Capital manages and distributes retail liquid alternative products, including mutual funds, separately managed accounts, and hedge fund vehicles. The Company offers innovative investment strategies with superior risk-adjusted returns and investment performance that is uncorrelated with traditional asset management products. 361 Capital was formed in 2001 and is based in Denver, Colorado.

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Buyer(S) 1

Buyer

Hamilton Lane

Conshohocken, Pennsylvania, United States
Category Company
Founded 1991
Sector Business Services
Employees530
Revenue 554M USD (2024)
DESCRIPTION

Hamilton Lane is a private markets investment management firm providing solutions to sophisticated investors worldwide. Dedicated exclusively to private markets investing, the firm currently employs professionals operating in offices throughout North America, Europe, Asia Pacific, and the Middle East. It specializes in building flexible investment programs that provide clients access to the full spectrum of private market strategies, sectors, and geographies. Hamilton Lane was founded in 1991 and is based in Conshohocken, Pennsylvania.

DEAL STATS #
Overall 2 of 2
Sector (Financial Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Colorado) 1 of 1
Country (United States) 2 of 2
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-08 Private Market Connect

Bala Cynwyd, Pennsylvania, United States

Private Market Connect is a data solutions provider in private markets databases in the industry, currently tracking over 15,000 unique funds and $1.2 trillion in private markets commitments managed by more than 2,500 GPs. Private Market Connect is based in Bala Cynwyd, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-29 Private Market Connect

Bala Cynwyd, Pennsylvania, United States

Private Market Connect is a data solutions provider in private markets databases in the industry, currently tracking over 15,000 unique funds and $1.2 trillion in private markets commitments managed by more than 2,500 GPs. Private Market Connect is based in Bala Cynwyd, Pennsylvania.

Sell -

Seller(S) 1

SELLER

Lovell Minnick Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1999
PE ASSETS 3.3B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Lovell Minnick Partners is a private equity firm that targets investments in financial services companies located in North America and Europe. Specific areas of interest include asset management, financial planning, financial product distribution, outsource providers, specialty finance, and related administration and business services companies. The Firm looks to commit $40 to $150 million of equity capital per investment. Prospective transaction situations include divestitures, management buyouts, growth capital financings, and recapitalizations. Lovell Minnick was formed in 1999 and is headquartered in Radnor, Pennsylvania.

DEAL STATS #
Overall 26 of 29
Sector (Financial Services) 22 of 24
Type (Add-on Acquisition) 7 of 9
State (Colorado) 3 of 3
Country (United States) 26 of 29
Year (2021) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-01 Lincoln Investment

Wyncote, Pennsylvania, United States

Lincoln Investment Planning is a full-service independent broker-dealer providing investment, wealth and retirement planning services nationwide through a national network of financial advisors. Clients include corporations, school districts, universities, hospitals, other non-profits, and high net worth individuals. With headquarters in the greater Philadelphia metropolitan area, Lincoln Investment currently has more than 275 employees and over 800 financial advisors with 300 branches in 35 states.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-17 Xactus

Broomall, Pennsylvania, United States

Xactus engages in mortgage technology, credit reporting, and related products and solutions for mortgage originators. Xactus has over 4,000 clients ranging from the largest bank and non-bank mortgage originators to credit unions and mortgage brokers. Xactus prides itself on the best technology, solutions, and service in the industry. Xactus is based in Broomall, Pennsylvania.

Buy -
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