Hamilton Lane Closes Inaugural Infrastructure Opportunities Fund, Exceeding its Target

Rhea-AI Summary

Hamilton Lane has announced the final closing of its Infrastructure Opportunities Fund (IOF), raising nearly $590 million in commitments, exceeding its $500 million target. The Fund aims to pursue unique co-investment and secondary investment opportunities, boasting a selective 2.2% deal selection rate. Hamilton Lane's infrastructure platform has over $45 billion in assets under management as of March 31, 2022. The firm has over $901 billion in total assets under management, specializing in private markets investing for 30 years.

Positive

• Fund raised nearly $590 million, exceeding its $500 million target.
• Fund aims for unique co-investment opportunities to generate attractive income.
• Strong macro trends boosting investor appetite in infrastructure.
• Experienced team with over two decades of infrastructure investment experience.

Negative

• None.

Fund Has Seen Robust Deal Flow, with Seed Portfolio at Roughly Half of Target Size

CONSHOHOCKEN, Pa., July 6, 2022 /PRNewswire/ -- Leading private markets investment management firm Hamilton Lane (NASDAQ: HLNE) today announced the final closing of Hamilton Lane Infrastructure Opportunities Fund ("IOF" or "the Fund"). The Fund and related vehicles represent nearly $590 million in commitments from a wide range of global LPs, well in excess of its $500 million target.

The Fund seeks unique direct co-investment and secondary investment opportunities to generate attractive income and total returns.

It is composed of a diverse set of limited partners from around the world, including public pensions, Taft Hartley plans, foundations and endowments, ultra-high net worth and family office investors, insurance companies and asset managers.

Brent Burnett, Head of Real Assets at Hamilton Lane, commented: "This Fund marks an important milestone in our infrastructure service offering as we continue to provide our limited partners with selective and differentiated exposure to the asset class, while being a more flexible capital partner to our GP relationships. There is a set of strong macro tailwinds that continues to drive investor appetite within the infrastructure landscape, marked by the key themes of energy transition, digitization and logistics. Due to our robust deal flow, deep experience and strong GP relationships, we've been able to remain highly selective – maintaining a 2.2% selection rate – while already deploying nearly half of the Fund's target size in opportunities where we had a clear access and information advantage."

Peter Larsen, Managing Director, Real Assets Investments at Hamilton Lane, said: "We're grateful to this diverse group of limited partners for their support of our first Infrastructure Opportunities Fund. This Fund is a continuation of our proven strategy and platform, and of our ability to bring to bear more than two decades of experience, differentiated deal flow and strong relationships to consistently access unique infrastructure opportunities in our target markets," he said.

Hamilton Lane has long been an active investor within infrastructure, designing separate account mandates for clients of all sizes for more than 22 years and with attractive performance relative to benchmarks. While this vehicle represents the first of its kind, it is an extension of Hamilton Lane's broader infrastructure platform, which the firm has been building for over two decades and which represents nearly $45 billion in assets under management and supervision as of March 31, 2022.

About Hamilton Lane
Hamilton Lane (NASDAQ: HLNE) is a leading private markets investment management firm providing innovative solutions to institutional and private wealth investors around the world. Dedicated exclusively to private markets investing for 30 years, the firm currently employs approximately 530 professionals operating in offices throughout North America, Europe, Asia Pacific and the Middle East. Hamilton Lane has over $901 billion in assets under management and supervision, composed of more than $106 billion in discretionary assets and nearly $795 billion in advisory assets, as of March 31, 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.

Forward-Looking Statements

Some of the statements in this release may constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. Words such as "will," "expect," "believe," "estimate," "continue," "anticipate," "intend," "plan" and similar expressions are intended to identify these forward-looking statements. Forward-looking statements discuss management's current expectations and projections relating to our financial position, results of operations, plans, objectives, future performance and business. All forward-looking statements are subject to known and unknown risks, uncertainties and other important factors that may cause actual results to be materially different, including risks relating to: our ability to manage growth, fund performance, competition in our industry, changes in our regulatory environment and tax status; market conditions generally; our ability to access suitable investment opportunities for our clients; our ability to maintain our fee structure; our ability to attract and retain key employees; our ability to manage our obligations under our debt agreements; defaults by clients and third-party investors on their obligations to fund commitments; our ability to comply with investment guidelines set by our clients; our ability to successfully integrate acquired businesses with ours; our ability to manage risks associated with pursuing new lines of business or entering into strategic partnerships; our ability to manage, identify and anticipate risks we face; our ability to manage the effects of events outside of our control; and our ability to receive distributions from Hamilton Lane Advisors, L.L.C. to fund our payment of dividends, taxes and other expenses.

The foregoing list of factors is not exhaustive. For more information regarding these risks and uncertainties as well as additional risks that we face, you should refer to the "Risk Factors" detailed in Part I, Item 1A of our Annual Report on Form 10-K for the fiscal year ended March 31, 2022 and in our subsequent reports filed from time to time with the Securities and Exchange Commission. The forward-looking statements included in this release are made only as of the date hereof. We undertake no obligation to update or revise any forward-looking statement as a result of new information or future events, except as otherwise required by law.

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SOURCE Hamilton Lane

FAQ

What is the total amount raised by Hamilton Lane's Infrastructure Opportunities Fund (HLNE)?

Hamilton Lane's Infrastructure Opportunities Fund raised nearly $590 million, exceeding its $500 million target.

What is the main goal of the Infrastructure Opportunities Fund (HLNE)?

The main goal of the Infrastructure Opportunities Fund is to pursue unique direct co-investment and secondary investment opportunities.

What is the deal selection rate for the Infrastructure Opportunities Fund (HLNE)?

The deal selection rate for the Infrastructure Opportunities Fund is 2.2%.

How much has Hamilton Lane allocated to its infrastructure platform as of March 31, 2022?

As of March 31, 2022, Hamilton Lane's infrastructure platform has nearly $45 billion in assets under management.

What is the total assets under management by Hamilton Lane (HLNE)?

Hamilton Lane currently manages over $901 billion in total assets.