Private markets investment management firm Hamilton Lane has held the final close of Hamilton Lane Secondary Fund V, a global and diversified private equity secondary vehicle, with USD3.9 billion of capital commitments, exceeding its USD3 billion target and marking Hamilton Lane’s largest fundraise to-date.
“We are thrilled to be announcing this record fundraise and want to extend our gratitude to our investors for their tremendous support. We believe the growth of our secondary business, and in particular the interest in this latest Fund, is an indication that the opportunity set driven by the Hamilton Lane platform is really resonating with the market,” says Tom Kerr, Managing Director and Global Head of Secondaries. “Over the course of three decades, Hamilton Lane has built an extensive global network across the private markets, which continues to differentiate our secondary platform and enables us to identify what we believe are attractive opportunities for investors.”
Hamilton Lane has been active in the secondary space since 2000. The Fund’s predecessor, Secondary Fund IV, closed on USD1.9 billion in commitments in 2017. The size of Fund V marks a milestone for Hamilton Lane and represents the continued success of the firm’s secondary program, as well as its broader asset management business.
Read more at: Private Equity Wire
