Hamilton Lane names joint CEOs

The private markets investment manager has appointed longserving executives Erik Hirsch and Juan Delgado-Moreira as co-chief executives.

Hamilton Lane's open-ended Global Private Assets Fund launched in Australia four years ago and is available to wholesale investors and advised clients.

As of January 2024, the duo will succeed Mario Giannini, who, after 22 years as Hamilton Lane's chief executive, will step into the role of executive co-chairman.

Delgado-Moreira will live in Hong Kong, and Hirsch will be based in North America.

He will mainly focus on leading Hamilton Lane's global sales efforts and client service organisation, while Hirsch will lead the firm's strategic direction and operations.

The two will jointly lead the private market investor's investment team.

Hirsch and Delgado-Moreira are long-tenured Hamilton Lane executives who have held several roles throughout their careers.

Delgado-Moreira will oversee international investment activities and client relationships.

Before joining Hamilton Lane, Delgado-Moreira was an investment manager at Baring Private Equity Partners.

Hirsch leads the firm's strategic and technology initiatives.

Before joining Hamilton Lane, Hirsch was a corporate investment banker specialising in mergers & acquisitions at Brown Brothers Harriman & Co. He began his career as a municipal financial consultant with Public Financial Management.

"We're thrilled to be making this announcement today - at a time when Hamilton Lane is as strongly positioned as it's ever been in terms of our global platform and scale, new and differentiated product lines, growing client base and deep leadership bench," Giannini said.

"With Erik and Juan stepping into the roles of Co-CEOs, I am both confident and excited about the future of Hamilton Lane, knowing we've identified the right leaders to build upon the strength of our current foundation and guide us through the next evolution of our business."

The executive chair added that he would continue to play an active role, spending time and deepening relationships with clients, opining on the markets and helping set strategic direction for the firm.