# EDGAR Filing Document

**Accession Number:** 0001803491
**File Stem:** 0001213900-25-067518
**Filing Date:** 2025-7
**Character Count:** 8740
**Document Hash:** 2b41ea8ad0985d2f442e4f50bfeccad9
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001213900-25-067518.hdr.sgml**: 20250725

**ACCESSION NUMBER**: 0001213900-25-067518

**CONFORMED SUBMISSION TYPE**: SC TO-I/A

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20250725

**DATE AS OF CHANGE**: 20250725

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Hamilton Lane Private Assets Fund
- **CENTRAL INDEX KEY:** 0001803491

**ORGANIZATION NAME:**
- **EIN:** 844697401
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** SC TO-I/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-92409
- **FILM NUMBER:** 251149490

**BUSINESS ADDRESS:**
- **STREET 1:** 110 WASHINGTON ST, STE 1300
- **CITY:** CONSHOHOCKEN
- **STATE:** PA
- **ZIP:** 19428-2053
- **BUSINESS PHONE:** 610-934-2222

**MAIL ADDRESS:**
- **STREET 1:** 110 WASHINGTON ST, STE 1300
- **CITY:** CONSHOHOCKEN
- **STATE:** PA
- **ZIP:** 19428-2053
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Hamilton Lane Private Assets Fund
- **CENTRAL INDEX KEY:** 0001803491

**ORGANIZATION NAME:**
- **EIN:** 844697401
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** SC TO-I/A

**BUSINESS ADDRESS:**
- **STREET 1:** 110 WASHINGTON ST, STE 1300
- **CITY:** CONSHOHOCKEN
- **STATE:** PA
- **ZIP:** 19428-2053
- **BUSINESS PHONE:** 610-934-2222

**MAIL ADDRESS:**
- **STREET 1:** 110 WASHINGTON ST, STE 1300
- **CITY:** CONSHOHOCKEN
- **STATE:** PA
- **ZIP:** 19428-2053

UNITED STATES SECURITIES AND EXCHANGE COMMISSION<br> WASHINGTON, DC 20549

SCHEDULE TO

TENDER OFFER STATEMENT UNDER SECTION 14(D)(1) OR 13(E)(1)<br> OF THE SECURITIES EXCHANGE ACT OF 1934

FINAL AMENDMENT

HAMILTON LANE PRIVATE ASSETS FUND

(Name of Subject Company (Issuer))

HAMILTON LANE PRIVATE ASSETS FUND

(Name of Filing Person(s) (Issuer))

CLASS D, CLASS I AND CLASS R SHARES OF BENEFICIAL INTEREST<br> (Title of Class of Securities)

407498302, 407498203 AND 407498104<br> (CUSIP Number of Class of Securities)

Andrew Schardt<br> Hamilton Lane Advisors, L.L.C.<br> 110 Washington St, Ste. 1300

Conshohocken, PA 19428<br> (Name and Address of Agent for Service)

With a copy to:<br> Ryan P. Brizek, Esq.

Simpson Thacher & Bartlett LLP

900 G Street, N.W.

Washington, D.C. 20001

January 31, 2025

(Date Tender Offer First Published,<br> Sent or Given to Security Holders)

☐ Check the box if the filing relates solely to preliminary communications made before the commencement of a tender offer.

Check the appropriate boxes below to designate any transactions to which the statement relates:

☐ third-party tender offer subject to Rule 14d-1.

☒ issuer tender offer subject to Rule 13e-4.

☐ going-private transaction subject to Rule 13e-3.

☐ amendment to Schedule 13D under Rule 13d-2.

Check the following box if the filing is a final amendment reporting the results of the tender offer: ☒

This final amendment relates to the Issuer Tender Offer Statement on Schedule TO (the "Statement") originally filed with the Securities and Exchange Commission on January 31, 2025 by Hamilton Lane Private Assets Fund (the "Fund") in connection with an offer (the "Offer") by the Fund to repurchase shares of beneficial interest in the Fund ("Shares") in an aggregate amount up to $149,630,463 on the terms and subject to the conditions set out in the Offer to Purchase and the related Letter of Transmittal. Copies of the Offer to Purchase and the Letter of Transmittal were previously filed as Exhibits 99.B and 99.C to the Statement on January 31, 2025.

This is the final amendment to the Statement and is being filed to report the results of the Offer. The following information is furnished pursuant to Rule 13e-4(c)(4):

1. Holders of Shares in the Fund ("Shareholders") that desired to tender Shares, or a portion thereof, for purchase were required to submit their tenders by 11:59 p.m., Eastern Time, on March 3, 2025.

2. Valuation Date of the Shares tendered pursuant to the Offer was March 31, 2025.

3. The net asset value of the Shares tendered pursuant to the Offer was calculated as of March 31, 2025 in the amount of $22,155,063.53 for Class I, $2,478,097.73 for Class D and $11,453,442.55 for Class R.

4. The payment of the purchase price of the Shares or portions of Shares tendered was made in the form of promissory notes issued to the Shareholders whose tenders were accepted for purchase by the Fund in accordance with the terms of the Offer. The promissory notes were held by UMB Fund Services, Inc., the Fund's administrator, on behalf of such Shareholders, in accordance with the terms of the Offer. Ten (10) Shareholders of Class I, four (4) Shareholders of Class D and one (1) Shareholder of Class R, whose tenders were accepted for purchase by the Fund, did not tender their entire Shares; therefore, pursuant to the promissory notes issued to the Shareholders, the Fund paid such Shareholders 100% of the Shareholders' unaudited net asset value of the Shares tendered. A cash payment in the amount of the unaudited net asset value of the Shares tendered was wired to the accounts designated by such Shareholders in their Letters of Transmittal on May 2, 2025. Fifty-three (53) Shareholders of Class I, twenty-two (22) Shareholders of Class D and twenty-nine (29) Shareholder of Class R, whose tenders were accepted for purchase by the Fund, tendered their entire Shares in the Fund; therefore, pursuant to the promissory note issued to such Shareholders, the Fund paid to the Shareholders at least 90% of the Shareholders' unaudited net asset value of the Shares tendered, less any early repurchase fee relating to such Shares (the "Initial Payment"). An Initial Payment in the amount of at least 90% of the Shareholders' unaudited net asset value of the Shares tendered was wired to the accounts designated by such Shareholders in their Letters of Transmittal on May 2, 2025. The Fund will pay the Shareholders a contingent payment (the "Post-Audit Payment") equal to the excess, if any, of (1) the net asset value of the Shares tendered and purchased as of March 31, 2025 (as it may be adjusted based upon the next annual audit of the Fund's financial statements) over (2) the Initial Payment. The Post-Audit Payment was made promptly after the completion of the Fund's annual audit at the end of May 2025.

Except as specifically provided herein, the information contained in the Statement, Offer to Purchase and the related Letter of Transmittal previously filed on January 31, 2025 (the "Tender Offer Materials") remains unchanged and this final amendment does not modify any of the information previously reported in the Tender Offer Materials.

**Item 1 through Item 9 and Item 11.**

The information set forth in the Tender Offer Materials is incorporated herein by reference into this final amendment in answer to Item 1 through Item 9 and Item 11 of Schedule TO.

**Item 10.** **Financial Statements**

Not applicable.

**Item 12(a).** **Exhibits**

Not applicable.

**Item 12(b).** **Filing Fee**

Calculation of Filing Fee Tables

**Item 13.** **Information Required By Schedule 13E-3**

Not applicable.

SIGNATURE

After due inquiry and to the best of my knowledge and belief, I certify that the information set out in this statement is true, complete and correct.

---

| | | |
|:---|:---|:---|
| HAMILTON LANE PRIVATE ASSETS FUND | HAMILTON LANE PRIVATE ASSETS FUND | HAMILTON LANE PRIVATE ASSETS FUND |
| By: | /s/ Adam B. Shane | /s/ Adam B. Shane |
|  | Name: | Adam B. Shane |
|  | Title: | Secretary |

---

July 24, 2025

EXHIBIT INDEX

EXHIBIT

[Calculation of Filing Fee Table](ea024926001_ex-filingfees.htm)

## Ex-Filing

**EX-FILING FEES**

**Calculation of Filing Fee Tables**

**FORM SC TO-I/A**<br> (Form Type)

**HAMILTON LANE PRIVATE ASSETS FUND**<br> (Exact Name of Registrant as Specified in its Charter)

**Table 1 - Transaction Valuation** 

---

| | | | |
|:---|:---|:---|:---|
|  | **Transaction<br> Valuation** | **Fee rate** | **Amount of<br> Filing Fee** |
| Fees to Be Paid |  | $0.0001531 |  |
| Fees Previously Paid | $149630463<sup>(1)</sup> |  | $22908.42 |
| **Total Transaction Valuation** | $149630463 |  |  |
| **Total Fees Due for Filing** |  |  | $22908.42 |
| **Total Fees Previously Paid** |  |  | $22908.42 |
| **Total Fee Offsets** |  |  | - |
| **Net Fee Due** |  |  | $0.00 |

---

(1) Calculated as the aggregate maximum value of Shares being purchased. The fee of $22,908.42 was paid in connection with the filing of the Schedule TO-I by Hamilton Lane Private Assets Fund (File No. 005-92409) on January 31, 2025 (the "Schedule TO"). This is the final amendment to the Schedule TO and is being filed to report the results of the offer.