Tender Offer - Hamilton Lane Private Assets Fund

Form Type: SC TO-I

Filing Date: 2025-01-31

Corporate Action: Tender-offer

Type: New

Accession Number: 000121390025008651

Filing Summary: Hamilton Lane Private Assets Fund is initiating a tender offer to repurchase shares amounting to approximately 5.00% of the Fund's net assets, estimated at about $149,630,463 or roughly 8,866,932 shares. The offer is open for acceptance until 11:59 p.m. Eastern Time on March 3, 2025. Shareholders can tender all or a portion of their shares at their net asset value calculated as of March 31, 2025. The Fund will charge a 2.00% early repurchase fee for shares repurchased within one year of purchase. Shareholders must maintain a minimum balance of $10,000 worth of shares if not all shares are tendered. Payments will occur through a promissory note within 65 days of the initial notice due date, with an initial payment of at least 90% of the estimated value and a final payment contingent upon the annual audit results. The repurchase procedure allows shareholders to withdraw tenders until the offer's expiration date. The offer aims to provide liquidity to shareholders, and its acceptance may have implications on the expense ratios of remaining shares. No extraordinary transactions involving the Fund are planned.

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