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Asset Management / Wealth Management
Hamilton Lane draws US$5.6 billion in largest fundraise
Secondary Fund VI closing surpasses predecessor by more than 40%
The Asset 19 Jun 2024

Private markets investment management firm Hamilton Lane has announced the final close of its largest fund to-date with US$5.6 billion in commitments.

Exceeding its original US$5 billion target, Hamilton Lane Secondary Fund VI saw 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.

The firm 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 US$3.9 billion in commitments in 2021. Today, the firm’s secondaries platform represents US$20.9 billion in assets under management as of March 31, 2024.

Tom Kerr, co-head of investments and global head of secondary investments, comments: “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.”

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