Hamilton Lane appoints three MDs in Asia

The alternative asset manager strengthens its growth plans for the region after the recent launch of its twelfth office in Seoul.

Global private markets investor Hamilton Lane has appointed three new managing directors in Asia, according to a statement from the firm.

Tomoko Kitao is now managing director in Tokyo, while Mingchen Xia and Josh Jacob are new managing directors in Hong Kong.

Kitao joined Hamilton Lane in 2012 and leads the firm’s operations in Japan as director. Prior to joining Hamilton Lane, she worked at The Bank of Tokyo-Mitsubishi UFJ and at The Bank of Tokyo Mitsubishi.

Xia has been a principal at the firm since 2014. He previously worked as a senior fund manager at Tokio Marine Asset Management and was a former vice president at Mitsubishi UFJ Morgan Stanley Securities.

Jacob has been with Hamilton Lane for 10 years. He previously served as a principal and managed client relations and product development in Asia excluding Japan, and worked closely with the investment team on portfolio development.

Xia and Jacob are based in the firm’s Hong Kong office, while Kitao will be in Tokyo.

“Hamilton Lane is firmly committed to attracting and developing top talent in Asia and throughout the world,” said Juan Delgado-Moreira, Hong Kong-based managing director and head of international at Hamilton Lane. “The promotion of Tomoko, Mingchen and Josh is a meaningful part of our ongoing effort to organically grow our team from within and expand our business operations in Asia.” 

The firm has a staff of 20 across its Hong Kong, Tokyo and Seoul offices, with the respective offices growing as Hamilton Lane strengthens its commitment to Asia.

The firm has also made two appointments in London. Richard Hope, who leads Hamilton Lane’s secondaries and co-investment activities in Europe, the Middle East and Africa (EMEA), has been promoted to managing director, and Vesna Sipp, who focuses on client relationships, has also been promoted. 

Hope is a member of Hamilton Lane’s global investment team and joined the firm in 2011. He was previously a director with Alliance Trust Equity Partners where he helped to establish its private equity fund investment business. Sipp, a decade-long veteran of the firm, was previously a member of the fund investment team, working on primary fund opportunities across the EMEA region.

Hamilton Lane has more than $239 billion in assets under management and has committed capital to private equity firms including EQT Partners, ICICI Venture, Creador and Greycroft Capital Partners, among others, according to PEI Research & Analytics.

Areas where Hamilton Lane has been making significant investments have included energy and healthcare, while the group continues to favour country specific funds.

Known investors in Hamilton Lane include the National Pension Service of Korea, Fresno County Employees Retirement Association, Chicago Teachers’ Pension Fund and the Public Employee Retirement System of Idaho.

In November 2015 the firm opened its office in South Korea and appointed Steve An to lead client support and business development, as reported by Private Equity International.

The firm raised $120 million for its Hamilton Lane Private Equity Fund IX in December. A month later, it announced commitments of up to $230 million for its fourth secondaries fund, which has a target of $1.25 billion.