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Hamilton Lane's $5.6B Secondary Fund VI Exclusively Available on Securitize Platform

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Hamilton Lane and Securitize have announced that qualified investors can now access Hamilton Lane's Secondary Fund VI exclusively through the Securitize platform. The fund, which closed in June 2024 with a record $5.6 billion in commitments, will be available on the Polygon blockchain. This offering follows previous successful tokenized fund launches, including the Equity Opportunities Fund V and the Senior Credit Opportunities Fund (SCOPE).

The Secondary Fund VI tokenized feeder fund significantly reduces the minimum investment from $5 million to $20,000, broadening access to this high-performing asset class. Hamilton Lane's secondary platform now represents approximately $21.0 billion in assets under management as of June 30, 2024. The collaboration aims to leverage blockchain technology to streamline the investment process and remove barriers for individual investors.

Hamilton Lane e Securitize hanno annunciato che gli investitori qualificati possono ora accedere al Secondary Fund VI di Hamilton Lane esclusivamente attraverso la piattaforma Securitize. Il fondo, che ha chiuso a giugno 2024 con un record di 5,6 miliardi di dollari in impegni, sarà disponibile sulla blockchain Polygon. Questa offerta segue il lancio di altri fondi tokenizzati di successo, tra cui l'Equity Opportunities Fund V e il Senior Credit Opportunities Fund (SCOPE).

Il fondo feeder tokenizzato Secondary Fund VI riduce notevolmente il minimo investimento da 5 milioni di dollari a 20.000 dollari, ampliando l'accesso a questa classe di attivi ad alte performance. La piattaforma secondaria di Hamilton Lane rappresenta ora circa 21,0 miliardi di dollari in attività gestite al 30 giugno 2024. La collaborazione mira a sfruttare la tecnologia blockchain per semplificare il processo di investimento e rimuovere le barriere per gli investitori individuali.

Hamilton Lane y Securitize han anunciado que los inversores calificados ahora pueden acceder al Secondary Fund VI de Hamilton Lane exclusivamente a través de la plataforma Securitize. El fondo, que cerró en junio de 2024 con un récord de 5,6 mil millones de dólares en compromisos, estará disponible en la blockchain Polygon. Esta oferta sigue a lanzamientos exitosos de fondos tokenizados anteriores, incluyendo el Equity Opportunities Fund V y el Senior Credit Opportunities Fund (SCOPE).

El fondo feeder tokenizado Secondary Fund VI reduce significativamente la inversión mínima de 5 millones de dólares a 20,000 dólares, ampliando el acceso a esta clase de activos de alto rendimiento. La plataforma secundaria de Hamilton Lane ahora representa aproximadamente 21,0 mil millones de dólares en activos bajo gestión hasta el 30 de junio de 2024. La colaboración tiene como objetivo aprovechar la tecnología blockchain para agilizar el proceso de inversión y eliminar barreras para los inversores individuales.

해밀턴 레인수큐리타이즈는 자격을 갖춘 투자자들이 이제 수큐리타이즈 플랫폼을 통해 해밀턴 레인의 세컨더리 펀드 VI에 독점적으로 접근할 수 있다고 발표했습니다. 이 펀드는 2024년 6월에 56억 달러의 기록적인 약정을 체결하며 마감되었으며, 폴리곤 블록체인에서 이용할 수 있습니다. 이번 제공은 Equity Opportunities Fund V와 Senior Credit Opportunities Fund (SCOPE)를 포함한 이전의 성공적인 토큰화된 펀드 출시를 따릅니다.

세컨더리 펀드 VI의 토큰화된 피더 펀드는 최소 투자금을 500만 달러에서 2만 달러로 크게 줄여, 이 고수익 자산 클래스에 대한 접근성을 확대합니다. 해밀턴 레인의 세컨더리 플랫폼은 2024년 6월 30일 기준으로 약 210억 달러의 관리 자산을 나타냅니다. 이 협력의 목표는 블록체인 기술을 활용하여 투자 프로세스를 간소화하고 개인 투자자에 대한 장벽을 제거하는 것입니다.

Hamilton Lane et Securitize ont annoncé que les investisseurs qualifiés peuvent désormais accéder au Secondary Fund VI de Hamilton Lane exclusivement via la plateforme Securitize. Le fonds, qui a fermé en juin 2024 avec un record de 5,6 milliards de dollars d'engagements, sera disponible sur la blockchain Polygon. Cette offre fait suite à d'autres lancements de fonds tokenisés réussis, notamment l'Equity Opportunities Fund V et le Senior Credit Opportunities Fund (SCOPE).

Le fonds feeder tokenisé Secondary Fund VI réduit considérablement l'investissement minimum de 5 millions de dollars à 20 000 dollars, élargissant l'accès à cette classe d'actifs à forte performance. La plateforme secondaire de Hamilton Lane représente désormais environ 21,0 milliards de dollars d'actifs sous gestion au 30 juin 2024. Cette collaboration vise à exploiter la technologie blockchain pour simplifier le processus d'investissement et supprimer les barrières pour les investisseurs individuels.

Hamilton Lane und Securitize haben angekündigt, dass qualifizierte Investoren nun exklusiv über die Securitize-Plattform auf den Secondary Fund VI von Hamilton Lane zugreifen können. Der Fonds, der im Juni 2024 mit einem Rekord von 5,6 Milliarden Dollar an Verpflichtungen geschlossen wurde, wird auf der Polygon-Blockchain verfügbar sein. Dieses Angebot folgt auf die vorherigen erfolgreichen Tokenisierungen von Fonds, darunter den Equity Opportunities Fund V und den Senior Credit Opportunities Fund (SCOPE).

Der tokenisierte Feederfonds Secondary Fund VI senkt die Mindestsumme für Investitionen erheblich von 5 Millionen auf 20.000 Dollar und erweitert damit den Zugang zu dieser leistungsstarken Anlageklasse. Die Sekundärplattform von Hamilton Lane verwaltet zum 30. Juni 2024 etwa 21,0 Milliarden Dollar an verwalteten Vermögenswerten. Die Zusammenarbeit zielt darauf ab, Blockchain-Technologie zu nutzen, um den Investitionsprozess zu optimieren und Barrieren für Privatinvestoren abzubauen.

Positive
  • Hamilton Lane's Secondary Fund VI raised a record $5.6 billion, exceeding its $5 billion target
  • The fund is now accessible to individual investors with a lower minimum investment of $20,000
  • Hamilton Lane's secondary platform represents approximately $21.0 billion in assets under management
  • The collaboration with Securitize expands access to high-performing private market opportunities
Negative
  • None.

Insights

Hamilton Lane's $5.6 billion Secondary Fund VI marks a significant milestone in private equity secondaries. Exceeding its $5 billion target demonstrates strong investor confidence and market demand. The fund's tokenization on Securitize's platform, leveraging Polygon blockchain, is a game-changer for retail investors.

By reducing the minimum investment from $5 million to $20,000, it democratizes access to an traditionally exclusive asset class. This could potentially disrupt the private equity landscape, attracting a broader investor base and increasing liquidity in the secondary market.

Hamilton Lane's $21 billion secondary AUM underscores their expertise in this space. For investors, this presents an opportunity to tap into a high-performing asset class with potentially attractive risk-adjusted returns, albeit with the inherent risks of private equity investments.

The tokenization of Hamilton Lane's Secondary Fund VI on Securitize's platform using Polygon blockchain is a significant leap forward in the adoption of blockchain technology in traditional finance. This move showcases the practical application of blockchain beyond cryptocurrencies, addressing real-world financial challenges.

By leveraging blockchain, the fund offers enhanced liquidity, transparency and accessibility. The digital investment process streamlines operations, potentially reducing costs and improving efficiency. This could set a precedent for other financial institutions to follow suit, accelerating the integration of blockchain in mainstream finance.

However, it's important to monitor regulatory responses and potential cybersecurity challenges as this innovative approach gains traction in the financial sector.

The success of Hamilton Lane's Secondary Fund VI, raising a record $5.6 billion, signals robust demand in the private equity secondary market. This trend is likely driven by investors seeking liquidity and portfolio rebalancing opportunities in uncertain economic conditions.

The tokenization of the fund on Securitize's platform represents a strategic move to tap into the growing retail investor market. By lowering entry barriers, it could potentially expand the investor base for private equity secondaries, leading to increased capital inflows and market growth.

This innovative approach might trigger a shift in the competitive landscape, pressuring other private equity firms to consider similar digitalization strategies. It's worth monitoring how this democratization impacts market dynamics, valuations and overall industry structure in the long term.

CONSHOHOCKEN, Pa. and MIAMI, Aug. 15, 2024 /PRNewswire/ -- Securitize, the leading platform for tokenizing real world assets, and leading global private markets investment management firm Hamilton Lane (Nasdaq: HLNE), today announced that qualified investors now have exclusive access to Hamilton Lane's recently closed Secondary Fund VI through the Securitize platform. 

Hamilton Lane Secondary Fund VI ("the Fund" or "Fund VI") held its final close in June 2024, raising a firm record $5.6 billion in commitments and materially exceeding its original $5 billion target. Securitize is now making a portion of the vehicle accessible to individual investors via the Secondary Fund VI feeder fund, which will be available exclusively on the Polygon blockchain and will leverage Securitize's advanced technology to offer a streamlined, fully digital investment process and lower minimum investment requirement.

Fund VI  represents the latest in a series of innovative investment products from Hamilton Lane and Securitize, following the successful launch of previous tokenized funds.

  • Securitize and Hamilton Lane announced in January 2023 that individual investors could access Hamilton Lane's flagship direct equity fund, Equity Opportunities Fund V.
  • In May 2023, the firms announced a new Hamilton Lane feeder fund offering exposure to Hamilton Lane's evergreen private credit fund, the Senior Credit Opportunities Fund (SCOPE).

Similar to the other funds, the Secondary Fund VI tokenized feeder fund significantly broadens access to a high-performing asset class, with minimum investments reduced from the typical $5 million to $20,000.

Tom Kerr, Co-Head of Investments and Global Head of Secondary Investments at Hamilton Lane, commented: "We are excited to extend access to Secondary Fund VI, building on the historical success of our secondary platform to bring Hamilton Lane's premier institutional secondary offering to individual investors.

The circumstances driving appetite for liquidity via the secondary market continue to grow, and we 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 to focus on finding differentiated secondary opportunities at attractive inflection points where we have familiarity and a competitive angle."

"This collaboration with Hamilton Lane continues our track record to bring the transformative power of blockchain technology to the financial industry," said Carlos Domingo, Co-Founder and CEO, Securitize. "By digitizing the investment process, we are removing barriers and making it easier for more investors to participate in high-quality private market 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. Today, the firm's secondaries platform represents approximately $21.0 billion in assets under management* as of June 30, 2024.

For more information about the Secondary Fund VI feeder fund and how to invest, please visit the Securitize platform.

*Total secondary AUM includes discretionary and non-discretionary active commitments as of June 30, 2024.

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 more than $940 billion in assets under management and supervision, composed of nearly $130 billion in discretionary assets and more than $810 billion in non-discretionary assets, as of June 30, 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 http://www.hamiltonlane.com or follow Hamilton Lane on https://www.linkedin.com/company/hamilton-lane/.

About Securitize

Securitize, the leader in tokenizing real world assets, is driving the compliant digitization of financial assets through next generation blockchain technology. Securitize, or through its subsidiaries, is a registered broker dealer (member SIPC) and operates a primary marketplace, an alternative trading system as well as a top 10 transfer agent and has an exempt reporting adviser. Learn more at http://www.securitize.io.

Media Contact:
Kate McGann
kmcgann@hamiltonlane.com 

Tom Murphy
tom@paragonpr.com

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SOURCE Securitize

FAQ

What is the size of Hamilton Lane's Secondary Fund VI (HLNE)?

Hamilton Lane's Secondary Fund VI raised $5.6 billion in commitments, exceeding its original $5 billion target.

How can investors access Hamilton Lane's Secondary Fund VI (HLNE)?

Qualified investors can access Hamilton Lane's Secondary Fund VI exclusively through the Securitize platform on the Polygon blockchain.

What is the minimum investment for Hamilton Lane's Secondary Fund VI (HLNE) on Securitize?

The minimum investment for the Secondary Fund VI tokenized feeder fund on Securitize is $20,000, reduced from the typical $5 million.

When did Hamilton Lane's Secondary Fund VI (HLNE) hold its final close?

Hamilton Lane's Secondary Fund VI held its final close in June 2024.

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