Hamilton Lane buys Shott Capital Management

010713 giannini
Hamilton Lane CEO Mario L. Giannini

Hamilton Lane acquired Shott Capital Management, a private equity firm that offers managed in-kind stock distributions to institutional investors, confirmed Kate McGann, Hamilton Lane spokeswoman, in an e-mail.

Terms of the deal weren’t disclosed.

Shott Capital was mostly owned by State Street Global Alliance, a jointly owned subsidiary of State Street Global Advisors and the €274 billion ($356 billion) Dutch pension fund Stichting Pensioenfonds ABP, Heerlen, said Kevin J. Lucey, Hamilton Lane’s chief operating officer in an e-mail. Hamilton Lane acquired 100% of Shott from State Street Global Alliance and a group of current and former employees, Mr. Lucey stated.

As of Dec. 31, Hamilton Lane had $23.8 billion in discretionary assets under management and $147.4 billion in advisory assets. Shott had $2.67 billion in discretionary assets under management.

Two managing directors at Shott Capital, Stephen Minutoli and Roderick Berry, will join Hamilton Lane as part of the acquisition and will remain as managing directors.

Hamilton Lane will provide investment services to Shott Capital’s institutional private equity clients. The acquisition will also enable Hamilton Lane to offer clients management of newly public portfolio company securities.

Shott Capital executives could not be reached by press time.