Hamilton Lane Private Assets Fund
Sponsored by Hamilton Lane. Tender-Offer Fund structure focused on private equity.
Tender-Offer FundPrivate Equity
- Net assets
- $5.80B
source
Monthly portfolio report (Form N-PORT) · filed 2026-05-29 · period 2026-03-31
Net assets (N-PORT Part B, Item B.2)
Method Direct: read from a structured filing field
Open the filing on SEC.gov · Full observation history
Technical locator
as of 2026-03-31 - NAV / share
- $19.77
source
Shareholder report (Form N-CSR) · filed 2026-06-09 · period 2026-03-31
per-class NAV list (V5-LIST)
“Net Asset Value per Share: Class I Shares $ 19.77 Class R Shares $ 18.91 Class D Shares $ 19.53 ”
Method Matched text template against the filing
Open the filing on SEC.gov · Full observation history
Technical locator
Canonical (canonical class) · 2026-03-31 - Net flows, last qtr
- +6.5% qtr ended 2026-03-31
- Leverage in use
- Not captured not captured
- Total return, 12m
- +12.6% computed from NAV + distributions
What changed in the latest filings.
Current findings ordered by severity. Each observation remains traceable to its filed source.
FSN Capital Unique Co-Investment L.P. (2026-03-31)
FSN Capital Unique Co-Investment L.P. marked down -26% (2025-12-31 $13,708,025 -> 2026-03-31 $10,158,819) with par balance unchanged (+-2%) -- a valuation mark, not a trade. Position was 0.26% of portfolio value.
Why it matters and what changed
Occurrence event; see the filing text for terms vs the prior arrangement.
Source: nport-diff:2026-03-31:mark:fsn capital unique co-investment l.p.
Chance Co-Investment, L.P marked down -100% (2025-09-30 $13,408,252 -> 2025-12-31 $0) with par balance unchanged (+-2%) -- a valuation mark, not a trade. (2025-12-31)
Chance Co-Investment, L.P marked down -100% (2025-09-30 $13,408,252 -> 2025-12-31 $0) with par balance unchanged (+-2%) -- a valuation mark, not a trade. Position was 0.28% of portfolio value.
Why it matters and what changed
Occurrence event; see the filing text for terms vs the prior arrangement.
Source: nport-diff:2025-12-31:mark:chance co-investment, l.p
The Resolute Fund IV, LP marked down -36% (2025-06-30 $56,967,102 -> 2025-09-30 $36,474,613) with par balance unchanged (+-2%) -- a valuation mark, not a trade. (2025-09-30)
The Resolute Fund IV, LP marked down -36% (2025-06-30 $56,967,102 -> 2025-09-30 $36,474,613) with par balance unchanged (+-2%) -- a valuation mark, not a trade. Position was 1.35% of portfolio value.
Why it matters and what changed
Occurrence event; see the filing text for terms vs the prior arrangement.
Source: nport-diff:2025-09-30:mark:the resolute fund iv, lp
Historical findings (1)
Gasherbrum Fund I, L.P. (2025-06-30)
How the fund has moved.
Net asset value, total return, capital flows, and distribution coverage across the filing record.
What moved inside the book.
Filed portfolio-health facts and position changes. Missing disclosures stay visibly missing.
| Date | Position change |
|---|---|
| 2026-03-31 | SF8888628 (7.0% of portfolio value in the 2025-12-31 report, $372,986,863) is absent from the 2026-03-31 report -- realized, sold, or restructured under a different name. |
| 2026-03-31 | FSN Capital Unique Co-Investment L.P. marked down -26% (2025-12-31 $13,708,025 -> 2026-03-31 $10,158,819) with par balance unchanged (+-2%) -- a valuation mark, not a trade. Position was 0.26% of portfolio value. |
| 2026-03-31 | Hawk 2025, L.P. marked up +70% (2025-12-31 $25,354,352 -> 2026-03-31 $42,998,911) with par balance unchanged (+-2%) -- a valuation mark, not a trade. Position was 0.48% of portfolio value. |
| 2026-03-31 | Sands Capital Global Innovation Fund III-2 Aggregator, L.P. marked up +41% (2025-12-31 $83,918,625 -> 2026-03-31 $118,203,228) with par balance unchanged (+-2%) -- a valuation mark, not a trade. Position was 1.58% of portfolio value. |
| 2026-03-31 | Vic SPV LLC marked up +47% (2025-12-31 $81,782,856 -> 2026-03-31 $119,936,311) with par balance unchanged (+-2%) -- a valuation mark, not a trade. Position was 1.54% of portfolio value. |
| 2026-03-31 | VSC EV3 (Parallel) LP marked up +45% (2025-12-31 $46,770,152 -> 2026-03-31 $67,846,064) with par balance unchanged (+-2%) -- a valuation mark, not a trade. Position was 0.88% of portfolio value. |
| 2026-03-31 | New position CSC COMFORT CO-INV AGGREGATOR LP: 1.4% of portfolio value ($81,351,116) as of 2026-03-31; absent from the 2025-12-31 report. |
| 2026-03-31 | New position UMB Bank Money Market Funds: 1.4% of portfolio value ($82,695,769) as of 2026-03-31; absent from the 2025-12-31 report. |
| 2026-03-31 | New position UMB Money Market II Special: 7.7% of portfolio value ($445,620,957) as of 2026-03-31; absent from the 2025-12-31 report. |
| 2025-12-31 | UMB Money Market Sweep Account (2.5% of portfolio value in the 2025-09-30 report, $119,773,882) is absent from the 2025-12-31 report -- realized, sold, or restructured under a different name. |
| 2025-12-31 | Chance Co-Investment, L.P marked down -100% (2025-09-30 $13,408,252 -> 2025-12-31 $0) with par balance unchanged (+-2%) -- a valuation mark, not a trade. Position was 0.28% of portfolio value. |
| 2025-12-31 | Leaf Select Equity Investors LP marked up +44% (2025-09-30 $72,456,800 -> 2025-12-31 $104,312,174) with par balance unchanged (+-2%) -- a valuation mark, not a trade. Position was 1.52% of portfolio value. |
Where exit demand met the cap.
Stated cap: 5% of shares/quarter. The disclosed history shows no rationed period.
| Period | Requested | Filled | Cap used | Status |
|---|---|---|---|---|
| 2026-03-09 | Not disclosed | 100% | Not disclosed | filled |
| 2025-12-04 | Not disclosed | 100% | Not disclosed | filled |
| 2025-08-29 | Not disclosed | 100% | Not disclosed | filled |
| 2025-06-02 | Not disclosed | 100% | Not disclosed | filled |
| 2023-03-03 | Not disclosed | 100% | Not disclosed | filled |
| 2022-12-02 | Not disclosed | 100% | Not disclosed | filled |
| 2022-09-02 | Not disclosed | 100% | Not disclosed | filled |
| 2022-04-26 | 0.0% | 100% | 0% | filled |
| 2022-01-26 | 0.0% | 100% | 0% | filled |
| 2021-10-27 | 0.0% | 100% | 0% | filled |
| 2021-07-28 | 0.0% | 100% | 0% | filled |
| 2021-04-26 | 0.0% | 100% | 0% | filled |
How the balance sheet is funded.
Borrowings, unused capacity, and synthetic exposure are separated so unlike risks do not collapse into one ratio.
No structured financing components have been captured for this fund.
How the offering is divided.
A filed share-class breakdown and terms-based role descriptions. This is not an estimate of who owns the fund.
No filed share-class terms have been captured for this fund; ownership type is therefore not inferred.
Management fee: 1.40% of managed assets per year. source. The Fund pays the Adviser an Investment Management Fee equal to 1.40% on an annualized basis of the Fund's Managed Assets, calculated monthly based on Managed Assets at the end of the month and paid quarterly (or on average daily Managed Assets if Shares are offered more frequently than monthly). Effective 2025-03-14, this rate was reduced from the prior 1.50% (on average daily Managed Assets); the fund's own FY2026 N-CSR notes -- filed after the DEF 14A proxy that proposed the change -- confirm 1.40% as the currently effective rate.
The evidence beneath the page.
Filed terms and recent documents remain available without crowding the primary research flow.
Term register (2)
| Term | Description | Value | Effective |
|---|---|---|---|
| advisory_fee_schedule | The Fund pays the Adviser an Investment Management Fee equal to 1.40% on an annualized basis of the Fund's Managed Assets, calculated monthly based on Managed Assets at the end of the month and paid quarterly (or on average daily Managed Assets if Shares are offered more frequently than monthly). Effective 2025-03-14, this rate was reduced from the prior 1.50% (on average daily Managed Assets); the fund's own FY2026 N-CSR notes -- filed after the DEF 14A proxy that proposed the change -- confirm 1.40% as the currently effective rate. | 1.4 pct_annual_of_managed_assets | 2025-03-14 |
| repurchase_program_terms | Discretionary quarterly tender offer program: the Fund's Schedule TO offers have consistently stated up to 5% of net assets outstanding per quarter (most recently confirmed 2026-06-04). Hamilton Lane Private Assets Fund | 5.0 pct_of_net_assets_per_quarter | Date not captured |
Recent filings
| Filed | Form | Accession |
|---|---|---|
| 2026-06-25 | SC TO-I/A | 0001213900-26-072028 |
| 2026-06-09 | N-CSR | 0001213900-26-066804 |
| 2026-05-29 | NPORT-P | 0001193125-26-247900 |
| 2026-05-06 | SC TO-I | 0001213900-26-052657 |
| 2026-03-13 | SC TO-I/A | 0001213900-26-027679 |
| 2026-02-27 | NPORT-P | 0001193125-26-082176 |
| 2026-02-06 | SC TO-I | 0001213900-26-013125 |
| 2026-01-09 | SC TO-I/A | 0001213900-26-002892 |
| 2025-12-05 | N-CSRS | 0001213900-25-118831 |
| 2025-11-26 | NPORT-P | 0001193125-25-300657 |
| 2025-11-04 | SC TO-I | 0001213900-25-105913 |
| 2025-09-19 | SC TO-I/A | 0001213900-25-089473 |
| 2025-08-28 | NPORT-P | 0001145549-25-055251 |
| 2025-08-01 | SC TO-I | 0001213900-25-070716 |
| 2025-07-25 | SC TO-I/A | 0001213900-25-067518 |