When the RAPM deal was first announced, Burnett commented, “Culturally, our firms have much in common, including the shared view that investment performance, and our commitment to our clients, is critical. This deal will enable us to deepen our focus on investing and client service, while leveraging Hamilton Lane's extensive platform to enhance our operational capabilities and middle- and back-office functions.”

Founded in 1991, Hamilton Lane has $42 billion in AUM and about $313 billion of assets under advisory globally. It operates from 14 offices worldwide.

BALA CYNWYD, PA—Hamilton Lane said Monday it had completed its acquisition of Real Asset Portfolio Management LLC, a Portland, OR-based investment management firm focused on real estate, infrastructure and natural resources. Financial terms of the deal, first announced in late June and including the RAPM team along with substantially of the company's assets, were not disclosed.

Steve Gruber and Brent Burnett, who had led the RAPM team as founder and managing Director, respectively, have joined Hamilton Lane's real assets investment committee. Gruber and Burnett, along with the rest of the RAPM team, will remain based in Portland and continue in their current roles. RAPM has now been rebranded as Hamilton Lane.

The Bala Cynwyd, PA-based alternative investment manager has been active in the real assets arena since 1999, when it founded a consulting business specific to the real estate sector. Private Equity International reported in June that Hamilton Lane had eight discretionary real estate accounts and 24 advisory mandates as of this past Dec. 31, and that 6% of its discretionary commitments for active investments were given over to real estate as of this past March 31. RAPM has $3.8 billion of real asset investments under management or advisement.

“At a time when real assets is growing in importance within the private markets, successfully completing the acquisition of RAPM enhances our experienced investment team and enables us to better serve our clients with broader resources and capabilities,” says Mario Giannini, CEO of Hamilton Lane.

When the RAPM deal was first announced, Burnett commented, “Culturally, our firms have much in common, including the shared view that investment performance, and our commitment to our clients, is critical. This deal will enable us to deepen our focus on investing and client service, while leveraging Hamilton Lane's extensive platform to enhance our operational capabilities and middle- and back-office functions.”

Founded in 1991, Hamilton Lane has $42 billion in AUM and about $313 billion of assets under advisory globally. It operates from 14 offices worldwide.