Hamilton Lane appoints head of private wealth

Private markets investment firm Hamilton Lane has appointed Scott Thomas in the newly created role of head of private wealth for Australia.

Thomas will serve the firm's high-net-worth investors (HNWIs) in this region, as local investor interest in private markets continues to grow.

Australian and New Zealand capital invested in Hamilton Lane's Global Private Assets Fund has grown to more than $1.5 billion in the four years since it was launched.

He will be based in Hamilton Lane's Sydney office, which has expanded to nine professionals across portfolio management, client solutions and operations teams.

"We are increasingly seeing high-net-worth individuals allocating to private markets in order to gain exposure to private companies which were previously inaccessible to most investors. I look forward to developing new client relationships and to leading Hamilton Lane's Private Wealth efforts in this key region for the firm," Thomas said.

Thomas was previously director, investment strategy at Invesco Australia.