Brent Burnett

In a market increasingly dominated by a small group of AI-linked companies, investors are actively looking for diversification, and infrastructure is one of the few sectors areas delivering it. Infrastructure offers exposure to hard assets, broad economic activity, and essential services that people rely on every day, from energy to transport and water.

With more than a decade of data showing that infrastructure can deliver solid total returns, reliable income, and meaningful downside protection across cycles, the asset class also offers a degree of inflation resilience, through contract-linked pricing and rising replacement costs. Importantly, long-term investors view volatility differently. Short-term market movements or geopolitical shocks don’t change the underlying need for critical assets. That’s where private infrastructure continues to prove its value.

Global tailwinds support next phase of infrastructure investment

2026 is shaping up as a key year for infrastructure expansion globally. Europe is doubling down on energy security, while the rapid growth of AI and data centres is driving demand for power and digital infrastructure.

There are also underappreciated opportunities, including last-mile fibre and specialist logistics infrastructure—particularly in supply-constrained areas—continues to offer attractive fundamentals.

In addition, power scarcity is supporting higher prices in energy markets, even as renewables face policy headwinds in some regions. And in private markets, the infrastructure secondary market is emerging as a compelling opportunity particularly for investors with the scale and relationships to access high-quality assets.

APAC and Europe dynamics shaping infrastructure outlook, with Australia among relative beneficiaries

APAC is far from a uniform story. Asia remains a dominant buyer of global energy, accounting for around 75% of Gulf oil and 60% of LNG, which has left the region highly exposed to recent market volatility. Prices have surged, with benchmark LNG rates jumping roughly 50% in the early phase of the conflict, and some spot cargoes trading at multiples of pre-war levels. The impact, however, is uneven. South Asia and parts of frontier ASEAN are feeling the pressure from higher energy costs, while resource-rich markets such as Australia, Indonesia and Malaysia are benefiting, seeing stronger cash flows as demand drives higher utilisation across energy export infrastructure. Meanwhile, in Europe, 2026 is shaping up as a pivotal year for infrastructure investment. Governments are accelerating efforts to strengthen energy security, while surging demand linked to AI and data centres is driving new investment across power and digital infrastructure. The key takeaway is that infrastructure is not a single trade. It’s highly regional, and investors need to be selective in how they position capital.

By Brent Burnett, Global Head of Infrastructure and Real Assets

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Hartley Rogers

Private markets are experiencing a significant shift, driven in part by artificial intelligence, the rise of evergreen funds and strong growth in secondaries, according to private markets investment firm Hamilton Lane’s 2026 Market Overview.

Recent gains in public markets have been strong but narrow, with a small group of AI-related companies, primarily LLM-focused names, delivering most of the returns. Hamilton Lane notes there hasn’t been this level of concentration since the 1970s and that investors may wish to consider looking elsewhere within their portfolios for diversification.

The AI narrative looks different in private markets. Many of the most important AI companies are staying private longer, with venture capital positioned to lead AI investment activity and providing access to a type of AI exposure that public markets simply cannot replicate right now.

Hartley Rogers, Executive Co-Chairman at Hamilton Lane, commented, “With public markets remaining highly concentrated in a small group of AI-linked companies, private markets – specifically venture capital – can provide broader exposure and diversification, which may be more important now than ever.”

Greater flexibility and liquidity redefine private market access

The way investors access private markets is changing. Evergreen funds are becoming more popular, offering lower minimums, more diversified portfolios and the option for periodic liquidity. Based on Hamilton Lane’s 2026 Market Overview data, private equity and secondary-focused evergreen funds have outperformed closed-end fund peers across one- and three-year periods^[1]. This runs counter to the narrative that investors may sacrifice returns for a friendlier structure and the option for liquidity.

The secondary market is another growing area with strong underlying dynamics and tailwinds. Supply continues to outpace capital, creating attractive entry pricing and offering investors portfolio-level flexibility and faster deployment. Representing only approximately 2% of NAV, this market has room to grow.

Private credit also remains resilient, having outperformed its public benchmark every year for 24 years and by hundreds of basis points over the past decade as of 30 September 2025^[2]. Despite questions around a possible bubble, the forces that have been reshaping the private credit landscape globally have only grown during a bull market for credit, and it is showing limited signs of stress.

Australian investors remain committed to private markets

Hamilton Lane believes private markets remain well positioned to deliver long-term value for investors who stay selective and adapt to the changes underway^[3].

Australian institutional and private wealth investors maintain strong interest in private markets due to the diversification advantages. Superannuation funds consider private assets as well suited to long-term portfolios, while private wealth investors are prioritising flexible structures, lower minimums and clearer reporting.

Scott Thomas, Head of Private Wealth at Hamilton Lane, Australia says “We are at a critical moment for global investing, as geopolitical fragmentation, tariff tensions, shifting monetary conditions and rapid technological disruption – especially artificial intelligence – set the stage for increasing volatility. For investors in Australia, this means remaining focused on key elements of their private market exposure including valuation consistency, data quality and liquidity management.”

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Notes:
[1] As of 31 December 2025. Past performance is not a reliable indicator of future performance.
[2] Source: Hamilton Lane Data via Cobalt, Bloomberg (January 2026). An industry dataset of private credit funds; does not differentiate senior vs. junior debt. Private Credit IRR has historically outperformed S&P UBS Leveraged Loan Index Public Market Equivalent* in each of the last 24 years as of 9/30/25. Past performance does not guarantee future results.
[3] This statement reflects Hamilton Lane’s current views and is not a guarantee of future outcomes.

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James Martin

In 2026, private wealth investors plan to increase allocations to private market investments, according to insights from 390 advisors surveyed in leading global private markets firm Hamilton Lane’s (Nasdaq: HLNE) 2026 Global Private Wealth Survey.

Private Markets Allocations on the Rise

The survey found that 86% of private wealth professionals plan to increase private market investments this year, with portfolio optimisation being the top motivator. Currently, 97% of private wealth professionals surveyed allocate between 1–20% of their book of business to private markets, and the majority expect those allocations to grow in 2026. Within this allocation, respondents reported an even spread across private markets strategies, with Private Equity at 19%, Private Real Estate at 18%, Private Credit at 16%, Venture Capital & Growth at 16% and Private Infrastructure at 15%.

In terms of what drives client interest, advisors ranked performance and diversification as the top reasons for investing in private markets.

Risk vs. Reward

Despite common misconceptions, the survey findings show that most private wealth clients do not see private markets as riskier than public markets. In fact, 83% of respondents view private market risk/reward as similar, or view the reward as higher compared to public markets, reinforcing confidence in these strategies.

Growing Interest in Venture Capital

While respondents’ allocations today are fairly evenly spread across strategies, Venture Capital & Growth emerged as a favourite among respondents for 2026, with 47% planning to increase allocations to this strategy. Further, when asked which strategies resonate most with new, highly engaged investors, more than half pointed to Venture Capital & Growth.

Additional global key findings:

• Education continues to be important, with 81% of wealth professionals reporting that client education significantly boosts interest in private markets, underscoring the importance of addressing knowledge gaps, particularly at the product level.
• Entry points into private markets tend to start with Private Equity and Venture Capital & Growth.
• Forty-six percent of respondents named Infrastructure as the strategy to which they plan to increase allocation in 2026, just behind Venture Capital & Growth (at 47%).

James Martin, Head of Global Client Solutions at Hamilton Lane, commented: “The survey results point to the increasingly important role private markets play within wealth management portfolios, due to the portfolio optimisation and diversification benefits these investments can provide. Across our own client base and in the survey results, we see investors and their wealth advisors becoming more sophisticated around assessing risk/reward tradeoffs and recognising the strong link between education and interest in the asset class.”

Scott Thomas, Head of Private Wealth Solutions for Australia at Hamilton Lane, added: “This year highlighted a shift among private wealth investors and their advisors toward building more resilient portfolios, and the findings reflect what we’re hearing in the market today: private markets are viewed through a more nuanced risk‑reward lens than in the past. As we look across strategies, Venture Capital & Growth stands out as investors seek access to innovative, high-growth private companies, many of which are not available in the public markets.”

Today, Hamilton Lane’s Evergreen Platform serves thousands of advisors, offers 11 evergreen funds and manages $15B AUM*. For more information on Hamilton Lane’s Private Wealth business, click here. To view the full report and findings, click here.

Survey Methodology

The online survey was conducted in partnership with Wakefield Research between October 23 and November 4, 2025. The 390 global respondents included private wealth firms, RIAs, family offices and other advisor professionals from the Americas, APAC and EMEA. Hamilton Lane’s affiliation with the survey was not disclosed to respondents.

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*AUM is calculated as the net asset value (NAV) as of November 30, 2025, plus net subscriptions received for the December 1, 2025 dealing date, and is presented in USD millions.

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The annual survey and recognition program conducted by Pensions & Investments identifies the best employers in the money management industry based on workplace policies, practices, benefits and demographics.

This year’s recognition underscores Hamilton Lane’s continued commitment to cultivating a collaborative, inclusive and innovative culture as the firm expands globally. Today, Hamilton Lane employs approximately 770 employees around the world, serving more than 2,600 clients and investors, from individual investors to large corporate pensions and sovereign wealth funds, delivering access to the full spectrum of the private markets*.

Co-CEOs Erik Hirsch and Juan Delgado said in a statement, “Our success starts with our people. We strive to create an environment where talented individuals feel supported, challenged, and inspired to make an impact. We’re immensely proud of this continued recognition of our culture and team.”

In addition to the P&I Best Places to Work award, across 2025 Hamilton Lane has been recognised by:

• Actum Group PE Value Creation Awards, as LP of the Year in the category of ESG Value Creation
• Asia Asset Manager’s Best of the Best Award for Best Alternatives Asset Manager in Singapore and Best Private Assets and Alternatives Manager for APAC
• Future of Finance, as the Best Tokenised Fund Issuer
• Insurance Asset Risk Americas as Alternatives Manager of the Year
• Korea Economic Daily as a Best Asset Manager by Korean Investors for the category Best Manager in Infrastructure: Best Client Service (Large Cap)
• Newsweek for its America’s Greatest Companies 2025 list
• TIME, as part of its inaugural America’s Growth Leaders 2026 list
• Wealth Professional Canada as Private Asset Investment Provider of the Year
• Zenith Investment Partners, Australia’s leading independent research provider, which awarded a Highly Recommended rating to Hamilton Lane’s Global Private Assets Fund (AUD)

Kristin Brandt, Chief Human Resources Officer, commented, “At Hamilton Lane, our people are at the heart of everything we do. This recognition reflects our dedication to creating an environment where employees can thrive personally and professionally, while contributing to meaningful work that drives impact for our clients around the world.”

Read more about the winners.

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*As of September 30, 2025

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Matt Pellini

Leading private markets investment firm Hamilton Lane (Nasdaq: HLNE) has announced the launch of the Hamilton Lane Global Venture Capital and Growth Fund (“HLGVG” or “the Fund”), an evergreen investment vehicle focused on growth and venture opportunities in the private markets. The Fund is available to certain high-net-worth investors and their advisors, as well as institutional investors, in parts of Europe, Asia, Latin America and the Middle East, as well as in Australia, New Zealand and Canada.

HLGVG offers investors access to the firm’s global venture capital investment platform, which seeks to deliver strong performance by investing in disruptive technologies and innovative businesses. The Fund leverages Hamilton Lane’s deep expertise in private markets co-investments and secondaries to access compelling deal flow. Structured as an evergreen vehicle, the portfolio is diversified across vintage year, transaction type, manager, strategy and geography.

With a focus on innovation, diversification and institutional-quality assets, the Fund seeks to address common barriers to entry in this dynamic space. It follows the launch of the firm’s venture evergreen fund in the U.S. earlier this year. The Fund seeks to leverage Hamilton Lane’s use of proprietary data, technology, and AI to support decision making and operational excellence. Hamilton Lane’s track record of driving digital transformation within the industry, now under its HL Innovations initiative, includes strategic balance sheet investments in transformational investment technology, the development of its proprietary Cobalt platform and more.

Matthew Pellini, Co-Head of Venture Capital and Growth Equity at Hamilton Lane, commented: “With companies choosing to stay private for longer, many of the most attractive investment opportunities today can only be found in the private markets, an important segment of which is the venture and growth space. By capitalising on disruptive innovations in established and emerging market segments, the HLGVG portfolio aims to offer an edge in adaptation to new technological advancements, like AI as it drives a wave of growth in tech businesses.”

“After launching our first evergreen fund in 2019, we continue to expand the strategies available to our investors around the world. We believe these structures will play an increasingly important role in many sophisticated investors’ portfolios. Our launch of HLGVG, one of the few venture-focused evergreen products globally, allows clients to participate in the most inaccessible part of the private markets,” said James Martin, Head of Global Client Solutions at Hamilton Lane.

Hamilton Lane has been active in the venture and growth equity space for nearly three decades. Within the venture and growth equity space, the firm has over 260 established relationships spanning more than 370 investments, with a total of $117.8 billion in assets under management and supervision(2). HLGVG leverages the firm’s depth of experience in this space with the aim of offering access to what the firm believes to be high-quality venture capital and growth equity market opportunities.

HLGVG is the latest addition to Hamilton Lane’s broader $13 billion+ AUM^[1] Evergreen Platform.

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Notes:
[1] As of 7/31/25
[2] Inclusive of $13.9B in discretionary assets under management and $103.9B in non-discretionary assets under management as of 12/31/24

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Mario Giannini

Hamilton Lane (Nasdaq: HLNE), a leading global private markets investment management firm, published its 2025 Market Overview. This year’s report offers a nuanced picture of the global private markets landscape, backed by historical data around outperformance, downside risk and diversification benefits, as well as a burgeoning evergreen landscape, demonstrating its compelling case for a growing number of investors. In the near term, however, the report’s data indicates a downward trend in certain areas such as fundraising, valuations and short-term performance. This candid view of the challenges in today’s market offers a reminder to investors of the fundamental draws of private markets.

The firm’s annual Market Overview is a comprehensive, data-driven review and analysis of private markets investment activity over the prior year, as well as predictions for the year ahead. The detailed report leverages Hamilton Lane’s industry-leading database that encompasses data on more than 58,000 funds across 57 vintage years*. Among the report’s findings:

Where to invest

• Credit, infrastructure and secondaries: Each of these sectors is set up for success.
• Venture and growth: Investors should have exposure to these areas. AI applications will likely sweep the business landscape and many of those companies will be incubated and developed in the private markets sphere.
• Equity: In particular, the co-investment side where investors can be selective.
• U.S.: The U.S. market is expected to be relatively more attractive than all other geographies over the next 4-5 years.
• Data and technology: Invest in portfolio analytics, whether for construction or analysis.

Areas to watch

• Short-term performance: Infrastructure and real estate have done very well compared to their public counterparts; private credit has remained stable, while private equity has underperformed. But does this short-term view signal the end of private equity’s historical outperformance?

• While recent vintages will likely face challenges, manager and asset selection will play a crucial role, perhaps more so than in most market conditions. The factor that might make the biggest difference for future private equity performance is the public markets. Private markets’ outperformance is least pronounced when public markets see continued four-year annualised returns greater than 15%.
• Fundraising prediction: The next 12 months will likely bring increased challenges. Exit activity must see a meaningful rebound for fundraising to pick up. Competition is expanding, and the race to retail is on. The firms who are successfully accessing the fundraising market today are those who are investing in technology and innovative investment structures that address the demands of new audiences.
• Valuations: Hamilton Lane believes that valuations from 18 months ago more accurately reflected true values, with public markets increasing to meet the private valuations. However, the opposite trend could unfold over the next 18 months.

Strong long-term fundamentals continue

Long-term performance: As shown in the chart below, private credit has remained undefeated: 23 straight years of outperforming the public markets. Infrastructure and real estate have also maintained this trend for the past 12 or 13 years. It is only private equity buyout and real estate that saw the streak end in the last year. Hamilton Lane expects that this one-year dip is an anomaly and that, in five years, when looking at the vintage returns, the buyout IRR will have outperformed public returns in every year. Investors assuming that the last year is a window into future performance are ignoring the prior 30 years.
Portfolio construction / diversification

• Over no five-year period highlighted in the chart above did investors lose money in buyout, private credit or private infrastructure. This is one of the most unappreciated benefits of private markets exposure in a portfolio: the protection against downside risk. A reasonably diversified buyout or private credit or private infrastructure portfolio would be hard pressed to lose money. The risk in these markets does not typically stem from losing money.
• Co-investment and secondaries uptick: Co-investment activity continues to increase, driven by several factors: fewer co-investment players in the market, a desire by general partners to conserve capital in a tough fundraising environment, increased acceptance by the market of co-investment as a standard practice of doing deals, and strong returns for funds and investors who have done co-investments on a regular basis. There has been an increase in secondaries activity for some of the same reasons, as well as interest from both LPs and GPs in secondary deals as a liquidity solution.

Evergreen predictions

• Today, evergreen funds account for roughly 5% of the overall private markets. That’s about $700 billion. Hamilton Lane’s view is that, 10 years from now, evergreen will be at least 20% of total private markets. To reach that level, and assuming private markets continue to grow at their historic 11% growth rate, evergreen would need to grow almost triple that rate, nearly 30% annually.
  • The U.S. high-net-worth channel has about 1% allocated to evergreen structures today. If that figure rose to 5% or 6% over the next 10 years, that 20% overall share of private markets would be achieved.
• When it comes to evergreen, Hamilton Lane expects the following to be true:
  • Evergreen funds will grow faster than the overall rate of public markets over the next five years;
  • Institutional investors will become bigger players in the evergreen space;
  • Evergreen fund fees will decline over time;
  • Closed-end funds in certain strategies will decline and largely disappear; and
  • The growth of evergreen funds will result in the largest private markets firms getting larger and smaller private markets firms struggling to get any market share.

Mario Giannini, Executive Co-Chairman and author of the Market Overview, commented: “We believe that investors deserve high-quality data, actual transparency and continued education around this long-term asset class. And as we look at the year ahead, investors need to come to terms with the reality that there appears to be a recalibration in certain pockets of the global private markets, despite the fact that overall, the private markets are neutral right now. Longer term, we continue to have high conviction in the value of this asset class, and we urge investors to read, study and think carefully about portfolio construction and the diversification benefits that private markets have consistently demonstrated.”

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*as of 12/31/24

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Miguel Luiña

Leading global private markets investment management firm Hamilton Lane (Nasdaq: HLNE) has announced the final close of its Venture Access Fund (“VAF” or “the Fund”), which successfully exceeded its target fund size, raising $615.3 million in commitments.

VAF, which closed 23% over its $500 million target, features a venture portfolio that targets top-performing, oversubscribed funds and companies, while leveraging the extensive platform, access and relationships Hamilton Lane has built over its nearly 30 years of investing in the space. The Fund’s unique composition of primary and secondary transactions is designed to accelerate capital back to investors and mitigate the J-curve, providing Limited Partners with a fee-efficient, best-in-class VC solution.

Building on Hamilton Lane’s extensive track record and nearly $117 billion in AUM and AUA* across venture and growth equity, VAF is the firm’s first globally distributed venture vehicle and represents an evolution of its Venture and Growth Equity Platform. The fundraise centered on attractive venture capital market dynamics and LP demand, with participation from a group of global and diversified investors, spanning public and corporate pension funds, financial institutions, Taft-Hartley plans, family offices and foundations and endowments.

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.

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Nelda Chang, Kyle McGinnis and Jenny Zhang recently joined the firm, based at Hamilton Lane’s headquarters in Conshohocken. Chang plays a pivotal role in leading the origination, evaluation and due diligence of direct investment opportunities across North America. Prior to joining Hamilton Lane, Chang was a Principal at GCM Grosvenor, responsible for evaluating and executing private equity co-investments. She previously held roles at Headlands Capital and American Securities and began her career in the leveraged finance group at JPMorgan. McGinnis joined from Onex Partners, where he served as a Principal, responsible for the evaluation and execution of private equity investments. Previously, he worked at H.I.G. Capital on the middle market fund team and began his career as an investment banker with Wells Fargo Securities. Zhang joined from Two Sigma, where she was a Vice President on the private equity team and prior to that was on Carlyle’s private equity team.

Based in London, Aljoscha Dudek is responsible for the origination, evaluation and due diligence of direct equity opportunities across EMEA. Prior to joining the firm, Dudek was a Director at PSP Investments, responsible for the strategic development and management of a private equity portfolio in Europe. Chang, McGinnis, Zhang and Dudek all report to Ken Binick, Co-Head of Direct Equity Investments.

Lastly, Benjamin Kalter has joined the firm’s Impact Investment Team, where he is focused on the origination, evaluation and management of direct equity impact transactions. Kalter joined from Nuveen, where he served as a Vice President on the private equity impact investing team, executing growth equity investments across developed and developing markets. He is based in Conshohocken and reports to Dave Helgerson, Head of Impact Investments.

Binick commented, “For firms like Hamilton Lane with strong investment capabilities and a large primary platform, we believe the co-investment landscape – particularly within the middle market – is ripe with opportunity. Our deal flow is at record levels, and we are happy to welcome Nelda, Aljoscha, Kyle, Jenny and Benjamin to our already talented, experienced team as we seek to execute on our strategy and strengthen our presence and expertise across the direct equity landscape globally.”

Drew Schardt, Vice Chairman, Head of Investment Strategy and Co-Head of Direct Equity, added, “These appointments further bolster our expertise and scale to support the historic success and AUM growth across our direct equity platform. Our direct equity investment strategy leverages the unique benefits of Hamilton Lane’s platform and market access, enabling us to execute what we believe to be high-quality investments and construct portfolios that seek to deliver compelling returns for our investors.”

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Brent Burnett

Leading private markets investment management firm Hamilton Lane (Nasdaq: HLNE) has announced the launch of the two new evergreen funds, offering expanded access to private market infrastructure investments to accredited investors around the world.

The Hamilton Lane Global Private Infrastructure Fund (“HLGPI”) is available to qualified investors, including high-net-worth (“HNW”) investors and their wealth advisors in EMEA, Australia, Canada, Latin America and Southeast Asia.

The Hamilton Lane Private Infrastructure Fund (“HLPIF”) is a continuously offered closed-end investment vehicle registered under the Securities Act of 1933 and the Investment Company Act of 1940 (“40 Act”) and is available to U.S. clients, including HNW investors and their wealth advisors.

HLGPI and HLPIF are total return strategies, targeting both capital appreciation and income, designed to provide exposure to an institutional-quality, global portfolio of infrastructure assets through a single investment. With a focus on identifying and capturing strategic opportunities in the infrastructure space, including direct co-investment and secondary investments, the Funds aim to deliver attractive returns and downside protection, paired with liquidity in the form of monthly or quarterly redemptions.

The Funds’ diversified portfolios focus on core plus and value add infrastructure assets that share the traditional characteristics of infrastructure, including high barriers to entry and durable cash flows through contracted revenue streams, as well as the potential for inflation-hedging qualities, competitive total returns with potential downside protection, income yield and portfolio diversification. Both HLGPI and HLPIF seek to capitalize on unique opportunities across the power, transportation, data and telecommunications, environmental and energy sectors.

Brent Burnett, Head of Infrastructure and Real Assets, commented, “We are thrilled to announce the launch of HLGPI and HLPIF. Infrastructure is one of the fastest-growing asset classes in the private markets, underpinned by the fundamentally infrastructure-enabled themes of energy transition and the continued rollout of AI which we believe will continue to create investment opportunities for years to come. Hamilton Lane is one of the largest investors in private infrastructure globally on a discretionary and supervisory basis, and the Funds aim to build on the success of our broader platform by offering unique access and expertise across infrastructure sectors, asset types and geographies to private wealth and institutional investors around the world.”

For more than 24 years, Hamilton Lane has been designing infrastructure-focused separate account mandates (SMAs) aimed at delivering attractive performance relative to benchmarks for clients of all sizes around the world. These new vehicles are an extension of Hamilton Lane’s broader infrastructure platform, which the firm has been building since 2000 and which includes closed-end funds and SMAs totaling nearly $72 billion in assets under management and supervision as of June 30, 2024.

Steve Brennan, Head of Private Wealth Solutions, added, “Since the launch of our Evergreen Platform in 2019, we have steadily expanded upon our commitment to enable access for a broader set of investors to the private markets. Today, with the additions of HLPIF and HLGPI, our Evergreen Platform now includes five funds across multiple strategies, serving hundreds of investors around the world and with a net asset value of approximately $8.1 billion^[1].”

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Notes:
[1] NAV as of August 31, 2024 for the combined Hamilton Lane evergreen platform

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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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Notes:
[1] Total secondary AUM includes discretionary and non-discretionary active commitments.

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