Hamilton Lane has held the final closing of Hamilton Lane Strategic Opportunities Fund 2016 with more than USD210 million in limited partner commitments, exceeding its initial target of USD150 million.
The Fund was created as a unique solution for LPs seeking short duration, risk-adjusted returns. Structured as an annual series with a single-year investment period, the Fund is focused on making credit-oriented investments with consistent cash yield.
"At Hamilton Lane, we are focused on using our global private markets platform to provide solutions to our clients," says Erik Hirsch, CIO of Hamilton Lane. "In a low-yield, public market environment, private credit provides a unique alternative for those who can access it."
The Fund consists of new and existing Hamilton Lane investors from around the world, including insurance companies, Taft-Hartley pension plans, endowments/foundations, family offices and other financial institutions.
Hamilton Lane has long been an active investor in targeted strategies, including credit-oriented direct investments and co-investments. While the Fund represents the second dedicated vehicle of its kind, it is an extension of Hamilton Lane's existing credit platform, which the firm has been building out for more than 17 years.
"With an investment team of more than 80 dedicated private markets professionals, our global platform, as well as our robust network of industry relationships, offers us access to a significant amount of deal flow," says Drew Schardt, Managing Director. "We believe the Fund offers an attractive solution for investors seeking yield and attractive returns."