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Stock impact report

Hamilton Lane’s SBIC Fund Announces Sale of LeverPoint to GTCR

Hamilton Lane Incorporated - Class A (HLNE) 
Last hamilton lane incorporated - class a earnings: 2/4 07:00 am Check Earnings Report
Company Research Source: GlobeNewswire
ALBANY, NY and BALA CYNWYD, Pa., Aug. 26, 2019 (GLOBE NEWSWIRE) -- The New York Credit SBIC Fund (“SBIC Fund” or “the Fund”) managed by an affiliate of Hamilton Lane (NASDAQ: HLNE) today announced it has entered into a definitive agreement to sell its stake in LeverPoint Management, LLC (“LeverPoint”) to GTCR, a Chicago-based private equity firm. LeverPoint will be integrated into GTCR’s portfolio company, Ultimus Fund Solutions (“Ultimus”), bringing Ultimus’ combined Assets under Administration to more than $220 billion. As part of this transaction, LeverPoint’s CEO David MacPhee will become the CEO of Ultimus’ Private Fund Solutions business, reporting to Ultimus CEO Gary Tenkman. LeverPoint plans to continue to invest in its service and technology capabilities to deliver high-class, customized services to its clients, with the support from the larger Ultimus platform. Based in Clifton Park, NY, LeverPoint offers a full spectrum of fund administration, accounting, tax and manage Show less Read more
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