Hamilton Lane closes $5.6 billion fundraising, surpassing target, showing strong investor support.

From Investing.com: 2024-06-18 22:21:30

Hamilton Lane (NASDAQ:) surpassed its $5 billion target by raising $5.6 billion for its Secondary Fund VI, the firm’s largest fundraising effort to date. The funds were contributed by a varied group of both new and existing investors, showing strong support. The company did not specify the use of the proceeds.

Investor sentiment has been affected by geopolitical tensions and economic uncertainties, impacting private equity fundraising globally. Hamilton Lane’s Secondary Fund VI marks a significant increase from its previous fund, which closed at $3.9 billion in commitments last year. The company’s secondaries platform now boasts $20.9 billion in assets under management as of March 31.

Tom Kerr, co-head of investments at Hamilton Lane, highlighted the growing demand for liquidity in the market. He expressed excitement about the strong position of the company’s secondary platform, emphasizing its experience and cohesion. The success of Fund VI reflects the company’s ability to navigate challenging market conditions effectively.



Read more at Investing.com: Investment firm Hamilton Lane closes $5.6 billion fundraising, exceeds target By Reuters