has signed an agreement with Hamilton Lane Advisors
in which the latter will provide fund-of-funds management for a private equity program the former is offering. Hamilton Lane is headquartered in Bala Cynwyd, Pennsylvania.
"This new initiative is a logical step in Vanguard's development as an investment management firm, bringing clients additional investment programs and services to complement our core mutual fund business," opined John Brennan
, chairman and ceo of the Vanguard Group. "We are pleased to be working with Hamilton Lane, a respected and experienced firm whose broad access to top private equity investment opportunities and extensive due diligence process is well-recognized."
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