CONSHOHOCKEN, PA — Hamilton Lane (Nasdaq: HLNE) announced the final closing of its Secondary Fund VI on June 18, 2024, securing $5.6 billion in commitments. This marks the firm’s largest fundraise to date, surpassing its initial $5 billion target.
The success of Fund VI reflects strong support from a diverse group of investors, including corporate and public pension funds, Taft-Hartley plans, sovereign wealth funds, endowments, foundations, private wealth platforms, and other financial institutions. Investors from over 30 countries participated.
Tom Kerr, Co-Head of Investments and Global Head of Secondary Investments, highlighted the significance of this milestone. “The success of this fundraise is a direct result of our market-leading position within the asset class,” he said. Kerr noted that growing market demand for liquidity places Hamilton Lane in a compelling position. “Fund VI continues our mission to find differentiated secondary opportunities at attractive points where we have familiarity and a competitive edge.”
Ryan Cooney, Managing Director on the Secondary Investment Team, expressed pride in the achievement. “We are incredibly proud of the outstanding success of the fundraise for Secondary Fund VI,” he said, adding gratitude for the trust and support from global investors. Cooney emphasized that the fund’s success is driven by Hamilton Lane’s unique deal flow, extensive network, and analytical investment approach.
Hamilton Lane has been active in the secondary market for over 24 years, aiming to deliver significant capital appreciation through attractive risk-adjusted returns. The firm’s previous fund, Secondary Fund V, closed with $3.9 billion in commitments in 2021. As of March 31, 2024, Hamilton Lane’s secondaries platform manages approximately $20.9 billion in assets.
Fund VI’s robust start and the strong pipeline of opportunities further encourage Hamilton Lane’s optimistic outlook in the secondary investment space.
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