Hamilton Lane Closes Direct Equity Fund at Nearly $2.1 Billion in Commitments

Rhea-AI Summary

Hamilton Lane (NASDAQ: HLNE) has announced the final closing of its largest co-investment fund, the Hamilton Lane Equity Opportunities Fund V, with total commitments reaching $2.1 billion. The fund attracted a broad mix of investors, including public pensions and sovereign wealth funds. Since mid-2020, Hamilton Lane has raised approximately $3.7 billion across its Direct Equity platform. Fund V aims to provide diversified exposure to unique deals, supported by a global team of 30 professionals and over $13 billion in discretionary assets.

Positive

• Fund V closed with commitments of $2.1 billion, the largest co-investment fund to date.
• Hamilton Lane's Direct Equity platform raised approximately $3.7 billion since mid-2020.
• The fund is well-positioned to capitalize on unique direct SMID buyout and growth equity deals.

Negative

• None.

• The firm's fifth co-investment fund is the largest to-date, with a range of LPs diversified by geography and type

CONSHOHOCKEN, Pa., Jan. 4, 2023 /PRNewswire/ -- Hamilton Lane (NASDAQ: HLNE) today announced the final closing of Hamilton Lane Equity Opportunities Fund V ("the Fund"). The Fund closed with approximately $2.1 billion in total commitments from a wide range of global investors including public pensions, sovereign wealth funds, Taft-Hartley pension plans, endowments, foundations, high-net-worth individuals and other financial institutions.

The Fund represents the fifth dedicated vehicle of its kind and is the largest to-date. Its strategy is focused on providing investors with diversified exposure to unique and differentiated deals through an efficient fee structure. Including the Fund, Hamilton Lane's Direct Equity platform has raised approximately $3.7 billion since the outset of the fundraise in mid-2020.

Demetrius Sidberry, Managing Director on the Direct Equity Investment Team, commented: "Our ability to successfully raise the Fund demonstrates both the power of our scale and platform, and our clients' conviction in our ability to execute. Our 26-year track record of strong performance and transactional expertise has helped to make us a trusted partner to leading GPs, and our platform has provided unique access for LPs to this area of the private markets. We're grateful to our diverse group of global LPs for their support."

Head of Direct Equity Investments Jeff Armbrister said: "The dynamics of today's fundraising environment are leading GPs to seek additional sources of direct co-investment capital in deals. Fund V is well-positioned to serve as a strategic partner of choice, with a thoughtfully diversified portfolio that we believe is well insulated from volatile market conditions and macro concerns. The Fund has made good progress already, with investments to date in hard-to-reach direct SMID buyout and growth equity deals, alongside best-in-class managers."

The Fund is supported by a dedicated team of 30 Direct Equity professionals around the world*, and is an extension of Hamilton Lane's broader Direct Equity platform, which includes commingled co-investment funds and discretionary separate accounts, and represents over $13 billion in discretionary assets*.

*As of September 30, 2022

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 more than 575 professionals operating in offices throughout North America, Europe, Asia Pacific and the Middle East. Hamilton Lane has nearly $824 billion in assets under management and supervision, composed of more than $107 billion in discretionary assets and approximately $717 billion in non-discretionary assets, as of September 30, 2022. 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 www.hamiltonlane.com or follow Hamilton Lane on LinkedIn: https://www.linkedin.com/company/hamilton-lane/.

View original content:https://www.prnewswire.com/news-releases/hamilton-lane-closes-direct-equity-fund-at-nearly-2-1-billion-in-commitments-301712325.html

SOURCE Hamilton Lane

FAQ

What is the total commitment for Hamilton Lane's Equity Opportunities Fund V?

The total commitment for Hamilton Lane's Equity Opportunities Fund V is $2.1 billion.

When was the closing of Hamilton Lane Equity Opportunities Fund V announced?

The closing of Hamilton Lane Equity Opportunities Fund V was announced on January 4, 2023.

What is the significance of the Hamilton Lane Equity Opportunities Fund V?

It is the largest co-investment fund to date for Hamilton Lane, aiming to provide diversified exposure to unique investment opportunities.

Who are the investors in Hamilton Lane's Fund V?

The fund attracted a diverse range of investors, including public pensions, sovereign wealth funds, and financial institutions.

How much has Hamilton Lane raised across its Direct Equity platform?

Hamilton Lane has raised approximately $3.7 billion across its Direct Equity platform since mid-2020.