Hartley Rogers is an American billionaire private equity investor who is the chairman and major shareholder of Hamilton Lane, a global alternative investment management firm.[1] Rogers is the son of mathematician Hartley Rogers Jr. (1926–2015).[2]
Hartley R. Rogers
Born 1959 (age 65–66)
New York State, United States
Education Harvard University
Occupation Businessman
Known for Major shareholder and chairman of Hamilton Lane
Spouse Amy Churchill Falls (m. 1999)
Children 3
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Early life and education
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Rogers obtained a bachelor’s degree magna cum laude from Harvard and an M.B.A. from Harvard Business School.
Career
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Prior to joining Hamilton Lane, Rogers began his career with Morgan Stanley, the Private Equity Division of Credit Suisse First Boston, and DLJ Merchant Banking Partners.[3]
In 2003, Rogers headed an investor group that included Cascade Investment, L.L.C., the investment arm of Bill Gates[4] that purchased approximately 40% of Hamilton Lane. As part of the sale and restructuring, Rogers was named Chairman of Hamilton Lane in 2005.[5]
In 2017, Rogers helped Hamilton Lane close its initial public offering (IPO) of more than 13 million shares at $16 per share. In 2020, Rogers oversaw the filing for a related SPAC IPO.[6][7]
Personal life
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In October 1999, he married Amy Falls and they have three daughters together.[8][9] The Rogers family owns an organic farm known as Triple Chick Farm located in Town Hill, Maine.[10]
Rogers and his wife have contributed to educational causes including more than 20 million dollars to Harvard University.
Hartley Rogers
Executive Co-Chairman
As Executive Co-Chairman, Hartley plays significant roles in investing and client relationship activities, as well as in strategic and organizational development. He is a member of the Investment Committees and is the Chairman of the Board of Directors.
Additionally, Hartley is the Chairman of the Advisory Board of HarvardX, the on-line learning initiative of Harvard University. He serves on the Boards of the Institute of International Education and Bessemer Securities Corporation.
Prior to joining Hamilton Lane in 2003, Hartley was a Managing Director in the private equity fund management areas at Morgan Stanley and at Credit Suisse.
Hartley is a graduate of Harvard College and Harvard Business School.
Hartley Rogers is executive co-chairman and a managing director of Hamilton Lane, a publicly traded asset management firm.
Rogers owns more than 13% of the company, which listed on the Nasdaq in 2017.
Prior to joining Hamilton Lane in 2003, he spent two decades working in private equity at Morgan Stanley and Credit Suisse.
He is the Chairman of the Advisory Board of Harvard Online and a board member of the Council on Foreign Relations.
Hamilton Lane Incorporated is an American alternative investment management and advisory company headquartered in Conshohocken, Pennsylvania. The company provides private markets investments to its clients.
The company has 22 offices globally and has offices in North America, Europe, the Middle East and Asia-Pacific.[3]
Background
Hamilton Lane was founded in 1991 by Leslie Brun. It was originally formed as a private equity advisory firm for large public pension plans.[4][5][6]
In 1998, the company added separately managed account and fund of funds investment management services. On November 18, 2004, Hamilton Lane acquired The Richcourt Group, a fund of hedge funds manager from Citco as the company continued to expand its product offerings and services.[5][7]
In 2000, Crédit Lyonnais acquired a 24.9% stake in Hamilton Lane. In December 2003, Hamilton Lane sold 40% of the company to a group of outside investors which included Hartley Rogers (who is now the company's chairman) and Cascade Investment. In May 2006, another investor group which included Rogers, Cascade Investment and Credit Agricole (who had acquired Crédit Lyonnais in 2003), acquired Brun's 12% stake in Hamilton Lane. In February 2012, Hamilton Lane used a $165 million senior secured loan from Goldman Sachs to buy back Credit Agricole's stake in the company.In July 2015, Hamilton Lane bought back Cascade Investment's stake in the company making it majority employee-owned again.[4][6][5][8][9][10]
On February 2, 2013, Hamilton Lane acquired Shott Capital Management, a San Francisco-based separate accounts manager and provider of distribution management services.[11]
In December 2013, Hamilton Lane announced its intention to acquire Paul Capital. However, by February 2014, Hamilton Lane dropped interest in the acquisition after a series of negotiations.[11][12]
On March 1, 2017, Hamilton Lane held its initial public offering becoming a listed company on the Nasdaq and raising $200 million. It was priced at $16 on its debut and closed 12.6% up at end of first day of trading.[9][13]
On June 20, 2017. Hamilton Lane acquired Real Asset Portfolio Management LLC, a Portland-based real assets investment and consulting firm.[14]
On January 28, 2021, Hamilton Lane acquired 361 Capita, a Denver-based long/short equity fund manager.[3]
On March 30, 2021, Hamilton Lane acquired a $90 million stake in Russell Investments.[15]
In October 2022, Hamilton Lane announced it would tokenize three of its funds in a partnership with Securitize, Inc. using the Polygon blockchain.[16]
In October 2024, Hamilton Lane Launched two evergreen infrastructure funds - Global Private Infrastructure Fund (for EMEA, APAC, LatAm) and U.S. Private Infrastructure Fund, growing the firm’s evergreen strategy to about $8.1 billion AUM.[17]
Most of the company's business involve providing investment advisory services to its clients by helping develop and implement their private markets investment programs. However, the company also performs direct investments in assets classes such as fund of funds, private equity, private credit and real assets.