Giannini: Hamilton Lane listed as controlled company to prevent activist interference
Mario Giannini · Mario Giannini – View from the Top of Private Equity at Hamilton Lane (Capital Allocators, EP.262) · Jul 18, 2022 · at 57:57
Mario Giannini, CEO of Hamilton Lane, explains the governance rationale behind Hamilton Lane's IPO structure and how the firm preserved management control.
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“We went public as a controlled company. And that means that there's an unequal balance between economic ownership and voting control. And that was a big deal for us. It was a big deal for our clients because what people didn't want is hedge fund X decides, oh, we're going to take a big chunk of Hamilton lane and tell them how to run the business.”
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