Hamilton Lane has held the final closing of Hamilton Lane Secondary Fund IV, a global and diversified private equity secondary fund.
Originally targeting USD1.25 billion, the Fund received strong demand from the institutional investor community and exceeded its target to close on USD1.9 billion, the firm’s largest secondary fund to-date. The Fund consists of a diverse base of more than 110 investors from around the globe, including Taft-Hartley pension plans, corporate and public pensions, sovereign wealth funds, family offices, endowments, foundations and other financial institutions.
“As the secondary market evolves, LPs are increasingly looking for differentiation among secondary firms. The Hamilton Lane approach continues to stand out, validated by our successful fundraise,” says Tom Kerr, Managing Director and Global Head of Secondaries. “We believe our platform offers distinct competitive advantages in the secondary market, providing access to relationships, information and differentiated deal flow — all of which allows us to invest selectively as an informed buyer.”
Hamilton Lane has been investing in the secondary market for more than 15 years, and Fund IV represents the successful expansion of the firm’s secondary program and strong global investment team. Fund IV aims to provide investors with a balanced portfolio by diversifying across proprietarily-sourced single funds, subset portfolios and complex structured/direct investments.
“We are grateful for the strong interest and support from a diverse group of sophisticated global limited partners – both new and existing investors – that led to Fund IV closing oversubscribed and above target,” says Ryan Cooney, Product Manager of Hamilton Lane’s secondary platform. “What resonated with our investor base and led to the strong interest in our largest-ever fundraise was our ability to find interesting opportunities with quality GPs and assets, and in turn to deploy that capital, reinvest back into our team and platform and strengthen our position in the market.”
