Hamilton Lane Closes Inaugural Venture Access Fund with Over $615 Million in Commitments, Exceeding Target Fund Size
Hamilton Lane (Nasdaq: HLNE) announced the final close of its inaugural Venture Access Fund (VAF), raising $615.3 million in commitments, exceeding its $500 million target by 23%. The Fund targets top-performing, oversubscribed venture funds and companies, combining primary and secondary transactions to accelerate capital returns and mitigate the J-curve.
The fundraise attracted diverse global investors, including public and corporate pension funds, financial institutions, Taft-Hartley plans, family offices, and foundations. The Fund leverages Hamilton Lane's nearly 30-year venture investing experience and $117 billion in AUM and AUA across venture and growth equity.
The firm sees compelling opportunities in the current VC market, driven by AI and disruptive technologies, along with robust secondary market opportunities as companies stay private longer.
Hamilton Lane (Nasdaq: HLNE) ha annunciato la chiusura finale del suo Venture Access Fund (VAF), raccogliendo 615,3 milioni di dollari in impegni, superando il target di 500 milioni di dollari del 23%. Il fondo mira a investire in fondi di venture capital e aziende di eccellenza, sovrascritti, combinando transazioni primarie e secondarie per accelerare i rendimenti del capitale e mitigare la curva J.
La raccolta fondi ha attratto investitori globali diversificati, tra cui fondi pensione pubblici e corporate, istituzioni finanziarie, piani Taft-Hartley, family office e fondazioni. Il fondo sfrutta i quasi 30 anni di esperienza di Hamilton Lane negli investimenti in venture capital e i 117 miliardi di dollari in AUM e AUA nel settore venture e crescita.
La società vede opportunità interessanti nel mercato attuale del VC, guidato dall'IA e dalle tecnologie dirompenti, insieme a robuste opportunità nel mercato secondario poiché le aziende rimangono private più a lungo.
Hamilton Lane (Nasdaq: HLNE) anunció el cierre final de su Venture Access Fund (VAF), recaudando 615.3 millones de dólares en compromisos, superando su objetivo de 500 millones en un 23%. El fondo tiene como objetivo fondos de capital de riesgo de alto rendimiento, sobre suscritos y empresas, combinando transacciones primarias y secundarias para acelerar el retorno de capital y mitigar la curva J.
La recaudación de fondos atrajo a inversores globales diversos, incluidos fondos de pensiones públicos y corporativos, instituciones financieras, planes Taft-Hartley, oficinas familiares y fundaciones. El fondo aprovecha la experiencia de casi 30 años de Hamilton Lane en inversiones de capital de riesgo y 117 mil millones de dólares en AUM y AUA en capital de riesgo y crecimiento.
La firma ve oportunidades atractivas en el mercado actual de VC, impulsadas por la IA y tecnologías disruptivas, junto con robustas oportunidades en el mercado secundario a medida que las empresas permanecen privadas por más tiempo.
해밀턴 레인 (Nasdaq: HLNE)은 첫 번째 벤처 액세스 펀드 (VAF)의 최종 마감을 발표하며, 6억 1,530만 달러의 약정을 모금하여 5억 달러 목표를 23% 초과 달성했습니다. 이 펀드는 우수한 성과를 내고 수요가 많은 벤처 자금과 기업에 투자하며, 자본 회수를 가속화하고 J-커브를 완화하기 위해 기본 및 중고 거래를 결합합니다.
이 자금 모집은 공적 및 기업 연금 기금, 금융 기관, 타프트-하틀리 플랜, 가족 사무소 및 재단을 포함한 다양한 글로벌 투자자를 끌어들였습니다. 이 펀드는 해밀턴 레인이 거의 30년에 걸친 벤처 투자 경험과 1,170억 달러의 자산 운용(AUM) 및 자산 관리(AUA)를 활용합니다.
회사는 현재 VC 시장에서 AI 및 파괴적인 기술에 의해 주도되는 매력적인 기회를 봅니다. 또한 기업들이 더 오랫동안 비공식 상태를 유지하면서 강력한 2차 시장 기회도 존재합니다.
Hamilton Lane (Nasdaq: HLNE) a annoncé la clôture finale de son premier Venture Access Fund (VAF), levant 615,3 millions de dollars d'engagements, dépassant ainsi son objectif de 500 millions de dollars de 23%. Le fonds cible des fonds de capital-risque performants disposant d'une demande excessive et des entreprises, combinant des transactions primaires et secondaires pour accélérer le rendement du capital et atténuer la courbe J.
La collecte de fonds a attiré divers investisseurs mondiaux, y compris des fonds de pension publics et d'entreprise, des institutions financières, des plans Taft-Hartley, des family offices et des fondations. Le fonds s'appuie sur près de 30 ans d'expérience de Hamilton Lane dans l'investissement en capital-risque et 117 milliards de dollars en AUM et AUA dans le capital-risque et la croissance.
La société voit de nombreuses opportunités convaincantes dans le marché actuel du capital-risque, alimentées par l'IA et des technologies perturbatrices, ainsi que de solides opportunités sur le marché secondaire alors que les entreprises restent privées plus longtemps.
Hamilton Lane (Nasdaq: HLNE) hat den endgültigen Abschluss seines ersten Venture Access Fund (VAF) bekannt gegeben, der 615,3 Millionen Dollar an Verpflichtungen gesammelt hat und sein Ziel von 500 Millionen Dollar um 23% übertroffen hat. Der Fonds zielt auf leistungsstarke, überzeichnete Venturefonds und Unternehmen ab und kombiniert primäre und sekundäre Transaktionen, um Kapitalrenditen zu beschleunigen und die J-Kurve zu mindern.
Die Mittelbeschaffung zog eine Vielzahl globaler Investoren an, darunter öffentliche und Unternehmenspensionsfonds, Finanzinstitute, Taft-Hartley-Pläne, Family Offices und Stiftungen. Der Fonds nutzt die fast 30-jährige Erfahrung von Hamilton Lane im Bereich Venture Investing und 117 Milliarden Dollar in AUM und AUA im Bereich Venture und Wachstumsinvestitionen.
Das Unternehmen sieht im aktuellen VC-Markt, der von KI und disruptiven Technologien angetrieben wird, überzeugende Chancen sowie robuste Möglichkeiten im Sekundärmarkt, da Unternehmen länger privat bleiben.
- Exceeded fundraising target by 23%, raising $615.3 million vs $500 million target
- Significant AUM/AUA of $117 billion in venture and growth equity
- Diverse investor base including institutional investors and pension funds
- Portfolio structure designed to accelerate capital returns and reduce J-curve impact
- None.
Insights
The successful closure of Hamilton Lane's Venture Access Fund at
Strategic Portfolio Construction: The hybrid approach combining primary and secondary transactions is particularly well-timed, addressing two critical market needs: 1) Access to top-tier, oversubscribed venture funds that are typically closed to new investors and 2) Providing liquidity solutions in a market where extended private company holding periods have created strong secondary opportunities.
Market Timing Advantages: The fund's launch aligns with three favorable market dynamics: 1) Reduced capital availability in venture markets, potentially leading to more attractive entry valuations 2) Accelerating AI and deep tech innovation driving value creation 3) A maturing secondary market for venture assets, offering opportunities to acquire positions at potentially advantageous prices.
The diverse investor base, spanning pension funds, financial institutions and endowments, indicates broad institutional acceptance of the strategy. This is particularly relevant as it validates Hamilton Lane's approach to democratizing venture capital access while maintaining institutional quality standards.
The emphasis on J-curve mitigation through secondary investments is especially valuable in the current environment, as it helps address the typical delayed return profile of venture investments - a critical consideration for institutional investors with regular distribution requirements.
Hamilton Lane's
The Fund features a high-quality venture portfolio targeting top-performing, oversubscribed funds and companies
VAF, which closed
Building on Hamilton Lane's extensive track record and nearly
Miguel Luina, Co-Head of Venture and Growth Equity at Hamilton Lane, commented: "We are thrilled to announce the final close of the inaugural Venture Access Fund, which surpassed our target fund size despite the difficult fundraising environment. This achievement is a testament to the confidence our clients and investors have in our ability to access premier venture opportunities and navigate a dynamic market.
VAF represents a unique opportunity for investors to gain exposure to what we believe to be best-in-class venture capital managers, breakout companies, well-priced secondaries and high-potential co-investments. Our institutional approach to portfolio construction and strong relationships aimed to deliver a high-quality experience to investors of all types."
"For those with scale, expertise and strong relationships, the current VC market presents compelling opportunities, driven by active company formation and rapid value creation from AI and other disruptive technologies, and lower overall capital availability. Specifically, the opportunity set within the secondary market is robust, as the trend of companies staying private longer persists, causing existing shareholders to seek alternative methods of liquidity," said Matt Pellini, Co-Head of Venture and Growth Equity at Hamilton Lane.
The firm has been active in the venture and growth equity space for nearly three decades, with deep experience investing across separately managed accounts, including its annual commingled Hamilton Lane Venture Capital Fund series, which was first established in 2009. Hamilton Lane is focused on concentrating capital into what it believes to be best-in-class, high-growth companies through fund investments with venture and growth managers, direct investments and solution-oriented secondaries. The strategy is designed to produce an asymmetric return profile that limits losses, while capturing the attractive upside that venture and growth equity investments can provide. For more on the firm's Venture and Growth Equity Platform, click here.
*As of 9/30/24
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 740 professionals operating in offices throughout
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SOURCE Hamilton Lane
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