Hamilton Lane Advisors was founded in 1991 in Philadelphia, Pennsylvania as a private equity advisory firm for large public pension plans. We focused almost exclusively on advisory mandates until 1998, when we gained our first separate account client and launched our first fund-of-funds. Since that time, we have expanded into managing discretionary private markets plans for institutional investors globally, through both separately managed accounts and commingled funds.
Today, we are a recognized leader in alternative asset management, serving some of the most sophisticated clients across the globe. We employ 339 in 15 offices around the world* with approximately $50.3 billion in discretionary assets under management and oversight of an additional $374.1 billion in advisory assets as of December 31, 2017. We provide a wide array of discretionary and non-discretionary services tailored to address the needs of our clients, including strategic portfolio planning, due diligence, legal, monitoring and reporting, board presentations, performance analysis and benchmarking. Additionally, in 2013 Hamilton Lane entered into a strategic partnership with iLEVEL Solutions™, a provider of reporting solutions, to enhance the reporting capability available to our clients. As a part of this strategic partnership, Hamilton Lane also purchased a minority equity stake in iLEVEL Solutions™. In connection with the acquisition of iLEVEL SolutionsTM by Ipreo in July 2015, Hamilton Lane exchanged its equity interest in iLEVEL SolutionsTM for an equity interest in Ipreo.
We recently completed our initial public offering and our Class A common stock is listed on NASDAQ. The management team, senior employees and outside investors who owned our company prior to the IPO, continue to own approximately 75% of the company as of December 31, 2017. Through our corporate structure, they control all decisions made going forward. Following the IPO, substantially all of our employees hold equity interests in our company.
Hamilton Lane has been recognized with numerous awards over the years, including induction into the Private Equity Hall of Fame (2009), Best Places to Work in Philadelphia (2007), Best Places to Work in Pennsylvania (2012-2017), INC. 5000 America’s Fastest Growing Private Companies (2012 & 2016) and European Gatekeeper of the Year (2006 & 2010). In addition, we have been recognized as a Pension and Investments Best Place to Work in Money Management for the past five years (2012-2017), and in 2014 we were given the Advancing Women Company Award by the Philadelphia Business Journal.*As of December 31, 2017.