Seller Details:
The Guardian Life Insurance Company of America® (“Guardian”), based in New York City, is one of America’s largest life insurers. They are a leading provider of life, disability, dental, and other benefits, and have received accolades for their culture and service. Their colleagues and financial professionals serve with care and experience, and their commitments rest on a strong financial foundation, which included a 2025 dividend allocation of $1.6 billion – the largest in the company’s history. They invest in their colleagues, are building an inclusive and innovative culture, and are helping to uplift communities through thoughtful corporate impact programs. With 165 years of stability and fiscal integrity, they are a trusted resource to generations of families and business owners, inspiring well-being and helping build financial confidence.
Buyer Details:
Hamilton Lane (“Hamilton”) is one of the largest private markets investment firms globally, providing innovative solutions to institutional and private wealth investors around the world. Dedicated exclusively to private markets investing for more than 30 years, the firm currently employs approximately 750 professionals operating in offices throughout North America, Europe, Asia Pacific and the Middle East. Hamilton Lane has approximately $986 billion in assets under management and supervision, composed of nearly $141 billion in discretionary assets and more than $845 billion in non-discretionary assets, as of June 30, 2025. Hamilton Lane specializes in building flexible investment programs that provide clients access to the full spectrum of private markets strategies, sectors and geographies.
Transaction Summary:
Guardian has agreed to enter into a strategic partnership with Hamilton. Through this partnership, Hamilton Lane will manage Guardian’s existing private equity portfolio of nearly $5 billion. Guardian will also commit to invest approximately $500 million per year in private equity for the next 10 years through Hamilton Lane. This commitment maintains Guardian’s typical annual contribution to the asset class and supports its general account target allocation goals. This will include $250 million in seed capital for tactical new Evergreen initiatives to support the continued growth of Hamilton Lane’s Global Evergreen Platform. Guardian’s general account will gain more access to a much wider range of investment opportunities through Hamilton Lane’s industry-leading platform in a mix of primary, co-investment, and secondary market opportunities. To support the partnership’s shared goals of accelerating growth and driving value creation, Guardian will be granted equity warrants along with additional financial incentives.
Hamilton Lane will also partner with Guardian’s dually registered broker-dealer and registered investment adviser, Park Avenue Securities (PAS), to deliver investment solutions and provide strategic support and education to PAS clients. PAS has over 2,400 advisors, covering approximately $58.5 billion* of client assets under management. The announcement aims to further enhance Hamilton Lane’s $119+ billion** Insurance Solutions platform which leverages the firm’s depth, scale and proprietary private markets data to structure customized solutions that address the specific needs of insurers.
*As of December 31, 2024.
**Inclusive of $14.82B in discretionary assets under management and $105.15B in non-discretionary assets under management, as of 6/30/2025.