Hamilton Lane, a leading global private markets investor with more than $315 billion in total assets under management and supervision1, today announced that Lydia A. Gavalis has been hired as Deputy General Counsel. The appointment comes in preparation for the retirement of existing General Counsel, Robert Cleveland, who will retire from the firm in early 2017 after 16 years of service.

In the interim period before his retirement, Cleveland will work closely with Gavalis to ensure a seamless transition. Upon assuming her new role as General Counsel early next year, Gavalis will have responsibility for all legal affairs globally. As part of this transition, Fred Shaw, formerly Director of Compliance, will assume the role of Chief Compliance Officer, reporting to Gavalis.

"I'm thrilled to be joining Hamilton Lane during such an exciting period of growth and evolution, and look forward to supporting the firm in its continued commitment to providing investors with access to the global private markets," Gavalis said.

Gavalis joins Hamilton Lane from SEI (NASDAQ: SEIC) where she served for more than 18 years, including for the last 10 years as General Counsel of the company's Institutional Investors business segment. She also served as General Counsel for both SEI Private Trust Company and SEI Trust Company; head of SEI's Corporate Services legal team; and General Counsel of London-based SEI Investments (Europe) Limited.

"Lydia has demonstrated her legal and advisory expertise through a distinguished and highly-respected tenure at SEI. We look forward to her strategic insight and strong leadership and are excited to welcome her to Hamilton Lane," said Mario Giannini, CEO of Hamilton Lane.

"It is with deep appreciation and gratitude that we congratulate Bob on his impending – and well-deserved – retirement. Bob joined Hamilton Lane when we were only 49 employees, and the firm has benefited immensely from his unwavering, sound guidance as we've navigated the many stages of our evolution to become the industry-leading, global organization we are today," Giannini said.

Cleveland began his legal career in 1982, and has focused primarily on corporate, securities and private equity matters. Prior to joining Hamilton Lane in 2000, he was a partner at the law firm of Klehr Harrison Harvey Branzburg LLP in Philadelphia.

About Hamilton Lane

Hamilton Lane is an independent alternative investment management firm providing innovative private markets solutions to sophisticated investors around the world. Dedicated to private markets investing for 25 years, the firm currently employs more than 250 professionals operating in offices throughout the U.S., Europe, Asia, Latin America and the Middle East. With more than $315 billion in total assets under management and supervision1, Hamilton Lane offers a full range of investment products and services that enable clients to participate in the private markets asset class on a global and customized basis.

For more information, please visit: http://www.hamiltonlane.com/.