Once used for cash or transition management, exchange-traded funds are taking a bigger role in institutional portfolios.
Limited partners are doubling down on digital infrastructure, according to a survey from Dynamo.
Alternative assets in DC plans; transparency and accountability requirements; and a shift in investor expectations are driving changes in the relationship between limited partners and their general partners.
The firm has applied for permission to launch 13 exchange-traded-fund share classes, but significant movement is not anticipated in the immediate future, experts say.
The deal is also expected to bring more than $5 billion to Hamilton Lane over 10 years.
Simon Warner, its current head of portfolio management, to take over on December 1.
Institutions are backing exchange-traded funds as anchor investors, but they may have to sacrifice some control to reap the benefits.
While not a driver of growth in exchange-traded funds, institutional investors have found new use cases for the investment vehicles.
