IPO - Hamilton Lane Private Assets Fund

Form Type: 486APOS

Filing Date: 2022-10-26

Corporate Action: Ipo

Type: New

Accession Number: 000139834422020733

Filing Summary: This document is a post-effective amendment to the registration statement for the Hamilton Lane Private Assets Fund (the Fund), now explicitly detailing the offering of three new share classes: Class R-DIG Shares, Class I-DIG Shares, and Class D-DIG Shares. The Fund is a Delaware statutory trust registered as a non-diversified, closed-end management investment company under the Investment Company Act of 1940. The primary investment objective of the Fund is to generate capital appreciation through various strategies focused on private assets globally. The filing emphasizes that investments can be made through direct investments in equity or debt, subscriptions to closed-end private funds, and secondary purchases of interests in such funds. The proposed public offering aims to raise up to $800 million, with detailed conditions surrounding share class offerings, risks involved, and investor eligibility outlined. Notably, the Class R-DIG, Class I-DIG, and Class D-DIG Shares will utilize the Provenance Blockchain protocol for transactions, fostering a new transactional infrastructure. Furthermore, the document stresses the speculative nature of the shares, indicating substantial risks, including illiquidity and potential loss of principal, and includes disclaimers about the uncertainties of the investment objectives being met.