An alternative investing giant recently wrapped up its purchase of a 20-year-old liquid alternatives mutual fund firm.

Thomas Ibberson "Tom" Florence Hamilton Lane Managing Director

Tom Florence, chairman and CEO of 361 Capital [profile], recently posted that Bala Cynwyd, Pennsylvania-based Hamilton Lane has closed on its acquisition of Denver, Colorado-based 361, as planned. Florence now serves as a managing director at Hamilton Lane, and 361 is now a division of the company.

"I want to thank my 361 colleagues for their amazing commitment and tireless effort over the last 11 plus years. I would also like to thank our clients and business partners for your business and support," Florence writes. "Together we end one journey and begin another with a great partner in Hamilton Lane."

The closing of the 361-Hamilton Lane deal comes as Hamilton Lane is also buying a minority stake in a big manager-of-managers mutual fund firm. 

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