Hamilton Lane Impact Fund II Holds Interim Close, Bringing Total Commitments to Nearly $200 Million
Hamilton Lane (NASDAQ: HLNE) has announced an interim close of its Impact Fund II, accumulating total commitments of $198.5 million since its launch in April 2021. This fund has gained significant traction, surpassing its predecessor's size within five months. Fund II targets attractive private equity returns alongside social and environmental benefits, investing in sectors like clean energy, health, and community development. The firm manages over $2.5 billion in impact strategies and $805 billion in assets overall, underscoring its expertise in private markets investment.
- Fund II has reached total commitments of $198.5 million, over twice the size of the predecessor fund.
- Strong investor interest indicates a growing market for impact investing strategies.
- Initial investments are diversified across sectors like clean energy and telemedicine, reflecting a focus on innovative and sustainable solutions.
- Hamilton Lane manages over $2.5 billion in impact strategies and $805 billion in total assets.
- None.
CONSHOHOCKEN, Penn., Dec. 15, 2021 /PRNewswire/ -- Leading private markets investment management firm Hamilton Lane (NASDAQ: HLNE) today announced a recent interim fund close of Hamilton Lane Impact Fund II ("Fund II" or "the Fund"), bringing total commitments to
Jackie Rantanen, Managing Director and Co-Head of Impact at Hamilton Lane said: "The increased interest in impact investing strategies remains strong as evidenced by the continued momentum in our fundraise results for Fund II. In just the last five months, Fund II eclipsed the size of our first dedicated impact vehicle, as our clients around the world continue to invest in an effort to both make the world a better place and to maximize portfolio returns."
Fund II is a closed-end investment vehicle for qualified investors that aims to generate attractive private equity returns alongside positive social and environmental impact. The Fund seeks to accomplish this by investing in companies that focus on clean energy transition, sustainable processes, health and wellness and community development. A diversified private markets impact solution, the Fund seeks to make direct investments across geographies and strategies—including buyout, growth, late-stage venture and real assets. It has an emphasis on growth investments that leverage transformative technologies, innovation and efficiency.
Fund II has begun investing with the aim of creating a geographically diverse portfolio of companies that support innovation and environmental and social impact. Initial investments have been within varied sectors including online workforce training and education; design and manufacture of wind turbine energy and storage systems; and a leading business focused on carbon tracking and management. Additional pipeline opportunities include high-growth businesses delivering telemedicine services and energy efficiency with a "smart cities" focus.
David Helgerson, Managing Director and Co-Head of Impact commented: "As investors look for more ways to make a positive impact with their investment dollars, Hamilton Lane's 30-year history in private markets offers a pathway aiming to achieve this objective without losing sight of investment performance. Our investment teams - with unparalleled private markets access and high-caliber analytics capabilities - have the skills and ability to invest in what we believe are promising companies from a robust pipeline."
Hamilton Lane has been actively executing on impact investment programs for two decades and currently manages more than
Impact Fund II is being offered pursuant to a private offering using Rule 506(c) of Regulation D, in which qualified persons who are accredited investors and qualified purchasers may participate.
About Hamilton Lane
Hamilton Lane (NASDAQ: HLNE) is a leading private markets investment management firm providing innovative solutions to sophisticated investors around the world. Dedicated exclusively to private markets investing for 30 years, the firm currently employs more than 500 professionals operating in offices throughout North America, Europe, Asia Pacific and the Middle East. Hamilton Lane has
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SOURCE Hamilton Lane
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