Hamilton Lane has closed its inaugural fund focused on secondaries and co-investments within the infrastructure space. Hamilton Lane Infrastructure Opportunities Fund surpassed its $500m target, which was set March 2020, to reach a $590m close at the end of June.
When Hamilton Lane launched the fund, it had generated a gross money multiple of 1.7x and a gross IRR of 19 percent from its previous discretionary infrastructure co-investments and secondaries deals, as in September 2020, according to fund documentation.
About $250 million has already been deployed, according to a press statement. On the existing portfolio, Burnett said it will be “very consistent with where we think the total portfolio will end up” – that is, 30 percent in data and telecoms, 20-25 percent in transportation, 20-25 percent in renewables/energy and 10 percent in wastewater and utilities.
Read more: Infrastructure Investor
