Recommendation Report
●
Hamilton Lane
Georgian has generated attractive gross performance to-date; however, the portfolio remains largely unrealized
Funds I and II generated more attractive returns in their base currency (CAD)
In Q3 2021, the General Partner exited one investment in Fund III and one investment in Fund IV
(mm)
Fund
Fund I
Fund II
Fund III
Fund IV
Fund V
Alignment I
Total
(mm)
Fund
Fund I
Fund II
Fund III
Fund IV
Fund V
Alignment I
Total
Amount
Invested
C$69.9
C$21.2
Georgian Partners
Realized Investment Performance¹
As of 9/30/21
$89.5
$65.2
$0.0
$0.0
$245.8
Vintage
1 Performance shown in base currency
2008
2013
2016
2018
2019
2021
# of Inv.
Total Real.
11
11
12
3
13
4
14
2
14
0
5
0
69
20
C$209.2
C$83.7
$236.3
$173.1
$0.0
$0.0
$702.3
Amount Unrealized Gross
Realized Value
Mult.
December 2021 | Proprietary and Confidential
Georgian Partners
Prior Investment Performance¹
As of 9/30/21
Fund Size
C$3.2 3.0x
C$0.0 4.0x
$11.6
2.8x
$6.4
2.8x
$0.0 n/a
$0.0 n/a
$21.1 2.9x
C$63
C$194
$375
$550
$850
$900
Gross
IRR
29.9%
47.6%
35.0%
62.4%
n/a
n/a
33.9%
Amount
Invested
C$69.9
C$237.5
$415.8
$479.6
$502.7
$766.8
$2,472.3
(mm)
Fund
Fund I
Fund II
Fund III
Fund IV
Fund V
Alignment I
Total
Track Record (cont.)
Amount Unrealized Gross
Realized
Value
Mult.
C$209.2
C$3.2 3.0x
C$177.6 C$490.8 2.8x
$278.7 $488.5 1.8x
$972.8
2.4x
$1,214.6 2.4x
$1,114.7 1.5x
$173.1
$0.0
$0.0
$838.5
$4,284.6 2.1x
Amount
Invested
C$0.0
C$216.4
$326.3
$414.4
$502.7
$766.8
$2,226.5
Georgian Partners
Unrealized Investment Performance¹
As of 9/30/21
Amount Unrealized Gross
Realized Value
Mult.
C$0.0
C$490.8
n/a
2.7x
$476.9 1.6x
$966.4 2.3x
$1,214.6 2.4x
$1,114.7 1.5x
$4,263.5 2.0x
C$0.0
C$93.9
$42.4
$0.0
$0.0
$0.0
$136.2
Executive Summary | General Partner | Investment Strategy | Track Record | ESG | Appendices
Gross
IRR
29.9%
25.8%
21.0%
49.8%
127.6%
55.1%
35.4%
Gross
IRR
n/a
22.8%
15.4%
47.5%
127.6%
55.1%
36.4%
Georgian Growth Fund VI, LP & Georgian Alignment Fund II, LP | Page 22View entire presentation