Tom Kerr
Leading private markets investment management firm Hamilton Lane (Nasdaq: HLNE) has announced the final closing of Hamilton Lane Secondary Fund VI with US$5.6 billion in commitments, marking the largest fundraise in the firm’s history.
Fund VI materially exceeded its original $5 billion target, seeing strong support from a diverse group of new and existing investors, including corporate and public pension funds, Taft-Hartley plans, sovereign wealth funds, endowments, foundations, private wealth platforms and other financial institutions from over 30 countries around the world.
Tom Kerr, Co-Head of Investments and Global Head of Secondary Investments, commented: “The success of this fundraise represents a significant milestone for Hamilton Lane and is a direct result of our market-leading position within the asset class.
“The circumstances driving appetite for liquidity in the market continue to grow, and we are excited to 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 our mission of seeking to find differentiated secondary opportunities at attractive inflection points where we have familiarity and a competitive angle.”
Ryan Cooney, Managing Director on the Secondary Investment Team, commented: “We are incredibly proud to announce the outstanding success of the fundraise for Secondary Fund VI, Hamilton Lane’s largest fund to-date, and wish to express our gratitude for the trust and support from existing and new investors from around the globe. Our high-caliber investor base recognizes us for our differentiated deal flow, large network of touch points and an analytical investment approach that is backed by one of the industry’s largest databases. Fund VI is off to a tremendous start and we are further encouraged by the robust pipeline of 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. The Fund’s predecessor, Secondary Fund V, closed on $3.9 billion in commitments in 2021. Today, the firm’s secondaries platform represents approximately $20.9 billion in assets under management[1] as of March 31, 2024.
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