LONDON, NEW YORK & CONSHOHOCKEN, PA— June 26, 2024
Leading private markets investment management firm Hamilton Lane (Nasdaq: HLNE) announced a partnership with, and investment in, Daphne Technologies, a platform facilitating distribution of alternative assets and increased efficiency of the fundraising process.
As part of this partnership, Daphne has integrated with Cobalt – Hamilton Lane’s proprietary private markets data, analytics, forecasting, and diligence platform. Daphne enables straight through data processing by which alternative asset managers can directly transmit fund information into Cobalt, greatly simplifying what has traditionally been a manual and painstaking process for both asset managers and their investors and channel partners.
Daphne enables a direct digital connection between asset managers and their investors and channel partners. Using Daphne, asset managers can digitize fund data and publish it with a click of a button to multiple channels like institutional investors, investment consultants, IBDs and RIAs. This data can be transmitted and consumed via a web-based interface or API. Daphne gives asset managers the tools to simplify and streamline fund diligence and reporting, eliminating months of manual effort per fund annually.1 With Daphne asset managers are prepared for the digital future of fundraising with a large and growing base of investors.
Griffith Norville, Head of Technology Solutions at Hamilton Lane, commented: “Hamilton Lane is deeply committed to partnering with leading technology providers to build tools for investors who seek diversified portfolios and exposure to value creation opportunities in the private markets. We are excited to partner with Daphne to seek to enable access for investors to more high-quality and timely data to help power informed investment decisions.”
“We are thrilled to partner with Hamilton Lane given their proven track record of making strategic investments in high-growth technology companies in alternatives,” said Amit Gairola, Chief Executive Officer of Daphne. “The Cobalt partnership is transformational for Daphne and unlocks asset manager adoption of the platform.”
Hamilton Lane’s Technology Solutions, anchored by Cobalt, are leveraged by hundreds of investors worldwide to conduct private markets research, analytics, investment diligence, and portfolio construction. With information on over 58,600 funds2 across all private markets, clients use Cobalt for in-depth analysis on funds in market, including extensive quantitative and qualitative insights produced by Hamilton Lane’s global investment team.
Daphne was founded in 2022 through a collaboration between Apollo Global Management and Motive Create, Motive Partners’ in-house innovation division, to transform the management and transmission of data between asset managers and their investors and channel partners, including portfolio companies. Apollo Global Management is an active customer of Daphne and uses the platform to publish its managed funds’ data online, manage its employee invest program and distribute data to select channel partners. Daphne has more than 50 alternative asset funds active on its platform and has been used by its customers to raise $625 Million AUM.
1 Based on estimates from our current customers
2 As of March 31, 2024
