Hamilton Lane has raised a combined $290m from institutional investors actress the United States for two small business credit funds – the Hamilton Lane National Small Business Credit Fund, and the Hamilton Lane New York SBIC Fund II.
Hamilton Lane launched New York SBIC Fund I in 2015, with the goal of identifying opportunities to strategically deploy capital to help drive development and advance small businesses in New York State. Building on the success of the firm’s first SBIC offering, the new funds were launched in 2022, and seek to follow a consistent strategy and structure, focusing on providing loans to lower middle market businesses with EBITDA ranging from $3m to $25m.
The funds are part of the firm’s existing credit platform, which has more than a 22-year long history of investing in direct credit and boasts a robust network of sponsor relationships.
