- Firm's largest ever fundraise closes on $5.6 billion in commitments from a diverse
international investor base
- Fund closing surpasses predecessor by more than 40%
CONSHOHOCKEN, Pa., June 18,
2024 /PRNewswire/ -- Leading private markets
investment management firm Hamilton Lane (Nasdaq: HLNE) today
announced the final closing of Hamilton Lane Secondary Fund VI
("the Fund" or "Fund VI") with $5.6
billion in commitments, marking the largest fundraise in the
firm's history.
Fund VI materially exceeded its original $5 billion target, seeing strong support from a
diverse group of new and existing investors, including corporate
and public pension funds, Taft-Hartley plans, sovereign wealth
funds, endowments, foundations, private wealth platforms and other
financial institutions from over 30 countries around the world.
Tom Kerr, Co-Head of Investments
and Global Head of Secondary Investments, commented: "The success
of this fundraise represents a significant milestone for Hamilton
Lane and is a direct result of our market-leading position within
the asset class. The circumstances driving appetite for liquidity
in the market continue to grow, and we are excited to sit in a
compelling position with what we believe is one of the most
experienced and cohesive secondary platforms. Fund VI is a
continuation of our longstanding secondary franchise, and we
continue our mission of seeking to find differentiated
secondary opportunities at attractive inflection points where we
have familiarity and a competitive angle."
Ryan Cooney, Managing Director on
the Secondary Investment Team, commented: "We are incredibly proud
to announce the outstanding success of the fundraise for Secondary
Fund VI, Hamilton Lane's largest fund to-date, and wish to express
our gratitude for the trust and support from existing and new
investors from around the globe. Our high-caliber investor base
recognizes us for our differentiated deal flow, large network of
touch points and an analytical investment approach that is backed
by one of the industry's largest databases. Fund VI is off to a
tremendous start and we are further encouraged by the robust
pipeline of opportunities."
Hamilton Lane has been active in the secondary space for more
than 24 years, aiming to provide investors with significant capital
appreciation by delivering attractive risk-adjusted returns. The
Fund's predecessor, Secondary Fund V, closed on $3.9 billion in commitments in 2021. Today, the
firm's secondaries platform represents approximately
$20.9 billion in assets under
management* as of March 31, 2024.
*Total secondary AUM includes discretionary and
non-discretionary active commitments.
About Hamilton Lane
Hamilton Lane (Nasdaq: HLNE) is one of the largest private
markets investment firms globally, providing innovative solutions
to institutional and private wealth investors around the world.
Dedicated exclusively to private markets investing for more than 30
years, the firm currently employs approximately 700 professionals
operating in offices throughout North
America, Europe,
Asia Pacific and the Middle East. Hamilton Lane has over
$920 billion in assets under
management and supervision, composed of more than $124 billion in discretionary assets and
approximately $796 billion in
non-discretionary assets, as of March 31,
2024. Hamilton Lane specializes in building flexible
investment programs that provide clients access to the full
spectrum of private markets strategies, sectors and geographies.
For more information, please visit our website or follow
Hamilton Lane on LinkedIn.
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SOURCE Hamilton Lane