Some investors have been "housing capital" in evergreens before redeeming to fund a Hamilton Lane SMA, co‑chief Erik Hirsch said on a Tuesday earnings call.

Hamilton Lane has sought to allay industry concerns around evergreen redemptions, attributing potential outflows to active management on the part of LPs and a natural maturation of the industry. Speaking on the firm’s Q1 fiscal year 2027 earnings call on Tuesday, co‑chief executive Erik Hirsch said the firm saw positive net inflows in 10 out of its 12 evergreen funds during the quarter.

The firm emphasized that the temporary nature of the hesitancy is linked to market dynamics and LP strategies rather than long‑term structural issues. By highlighting robust inflows in the majority of its evergreen vehicles, Hamilton Lane reassures stakeholders that liquidity pressures are being managed.

Overall, the company’s message underlines confidence in its evergreen model and its ability to meet redemption requests while sustaining growth across its private‑equity portfolio.