General Description of the Advisor The Advisor is an investment advisor with its principal place of business in Conshohocken, PA. The Advisor also maintains offices in Denver, Frankfurt, Hong Kong, Las Vegas, London, Mexico City, Miami, Milan, New York, Portland, San Diego, San Francisco, Scranton, Seoul, Shanghai, Singapore, Stockholm, Sydney, Tel Aviv, Tokyo, Toronto, and Zug. The Advisor commenced operations as an investment advisor under the name Hamilton Lane Advisors, Inc. in May 1991 and has been registered with the SEC since August 1998. HLA Investments, LLC, a company owned by the Chairman, the Chief Executive Officer, and several private investors, owns approximately 17% of the outstanding economic interests of the Advisor. Hamilton Lane Incorporated, a public company traded on NASDAQ under the ticker symbol “HLNE”, owns approximately 70.1% of the outstanding economic interests of the Advisor. Description of Advisory Services The Advisor provides discretionary and non-discretionary private equity investment advisory and asset management services to institutional investors (and indirectly to high-net-worth individuals) through fund products, separate accounts, and portfolio advisory services. The Advisor also provides discretionary investment management to Hamilton Lane Private Assets Fund, a tender offer fund which is registered as a regulated investment company under the Investment Company Act of 1940. Investment strategies for funds managed by the Advisor vary and can focus on primary, secondary, and co/direct investment opportunities. Institutional separate accounts are discretionary engagements and may invest in any of primary investments, co/direct investments and secondary investments and typically are customized based upon the needs of the client. The Advisor’s portfolio advisory services are non-discretionary and vary depending on the nature of the account, but may include identification, screening and analysis of potential investment opportunities, negotiation and execution of investments, and monitoring and administration of investments. The Advisor also acts as the investment manager to certain private equity limited partnerships, and affiliated limited liability companies serve as the general partners for these limited partnerships. The Advisor offers private equity fund administration and reporting services, which include monitoring and reporting on client portfolios. The Advisor is retained on occasion to issue special reports about certain securities separately from the services described above, which clients may use in the evaluation of investment opportunities. The Advisor offers its analytical Cobalt LP solution to private market limited partners. The proprietary Cobalt LP intellectual property rights are wholly owned by the Advisor, which it acquired on January

31, 2020. The Cobalt LP product offers enhanced portfolio analytics, fund due diligence, market data, peer analysis, cash flow forecasting and portfolio modeling. The Advisor offers discretionary distribution management services (“DM Services”) to assist clients with the liquidation of in-kind distributions of listed public equities from private equity funds. The Advisor has two primary DM Services, “Managed Liquidation” and “Active Management”. The Advisor’s goal for Managed Liquidation clients is to mitigate the negative effects an in-kind distribution may have on the price of the stock. The Advisor’s goal for Active Management clients is to enhance overall returns by holding a core portfolio of equities that the Advisor believes has the potential for strong long-term growth. Through its acquisition of 361 Capital LLC in April 2021, the Advisor offered advisory services to two mutual funds, 361 Global Long/Short Equity Fund and 361 Domestic Long/Short Equity Fund. The Advisor did not have investment management discretion and solely oversaw the sub-advisor, Allspring Global Investments, LLC (“Allspring”). In December of 2022, Allspring completed the adoption of these two funds and replaced the Advisor as the investment advisor. Hamilton Lane | Form ADV Part 2A 5 The Advisor entered a strategic partnership with Russell Investments in March 2021. Through this partnership, the Advisor provides insight and input to Russell Investments’ existing private markets team regarding the construction of private markets portfolios. In addition, the Advisor will directly manage a series of pooled vehicles, funds-of-one, and separate accounts for Russell Investments’ clients, and will also give Russell Investments’ clients the option of accessing the Advisor’s fund products. Russell Investments’ clients will have access to the full range of private markets strategies and solutions provided by Hamilton Lane, including primary partnership, secondaries, and co- investments in the areas of private equity, private credit, and real assets. Availability of Tailored Services for Individual Clients The Advisor provides advice to clients based on specific investment objectives and strategies established by the Advisor and the clients. Clients that invest in a fund managed by the Advisor are bound by the investment strategy of that particular fund. Each fund’s investment strategy is set forth in its governing documents and offering documents. Wrap Fee Programs The Advisor does not participate in or advise any wrap fee programs. Regulatory Assets Under Management As of March 31, 2023, the Advisor had approximately $856,992,911,981 in Regulatory Assets Under Management. As of that date, the Advisor managed $112,222,814,500 on a discretionary basis and $744,770,097,481 on a non-discretionary basis.