The Hamilton Lane benchmark data is updated months ahead of other providers. Because of this, we were able to leverage updated Q2 data to view  monthly rates of contribution & distribution. The updated data enables us to  paint a better picture of the current market environment.

Contributions:

• After two months of cash flows above historical averages when COVID-19 first hit developed markets, May and June were significantly down.
• While May had the lowest rate of contributions in over ten years, June meaningfully recovered with nearly twice the level of contributions. Some of this was likely driven by Q2 fees being called in June.

Distributions:

• • Monthly rates of distributions in 2020 have averaged 1.0%, well below the historical long-term average of 1.7%, but above the 2008-2009 averages of 0.7%
  • Similar to contributions, June saw a slight recovery relative to earlier months for the rate of distributions, despite still being significantly below long-term averages.

To learn more about other insights that Hamilton Lane’s data can provide through Cobalt, click here.