We advised the underwriters on the SPAC IPO and NYSE listing

Davis Polk advised the representatives of the several underwriters, in connection with the initial public offering of 27,600,000 units of Hamilton Lane Alliance Holdings I, Inc., including 3,600,000 units purchased pursuant to the full exercise of the underwriters’ option to purchase additional units, for aggregate proceeds of $270 million. Each unit consists of one share of Class A common stock and one-third of one warrant to purchase one share of Class A common stock of Hamilton Lane Alliance Holdings I, Inc. The Class A common stock and warrants are expected to be listed on the NYSE under the symbols “HLAH” and “HLAHW,” respectively.

Hamilton Lane Alliance Holdings I, Inc. is a special purpose acquisition company (SPAC) formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or entities. Although Hamilton Lane Alliance Holdings I, Inc.’s efforts to identify a prospective business combination opportunity will not be limited to a particular industry, it intends to identify and consummate an initial business combination that it believes will generate attractive long-term returns for its shareholders. Hamilton Lane Alliance Holdings I, Inc. intends to avoid companies in highly cyclical sectors such as upstream and midstream energy, commodities or real estate.

The Davis Polk corporate team included partners Richard D. Truesdell Jr. and Derek Dostal, associates Arisa Akashi, Prince Kudolo and Jeff Adler. The tax team included counsel Kiara L. Rankin and associate Joseph M. Gerstel. Counsel Marcie A. Goldstein provided FINRA advice. All members of the Davis Polk team are based in the New York office.

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