Hamilton Lane Closes Direct Equity Fund at Nearly $2.1 Billion in Commitments

Hamilton Lane

CONSHOHOCKEN, PA — Hamilton Lane (NASDAQ: HLNE) recently announced the final closing of Hamilton Lane Equity Opportunities Fund V. The Fund closed with approximately $2.1 billion in total commitments from a wide range of global investors including public pensions, sovereign wealth funds, Taft-Hartley pension plans, endowments, foundations, high-net-worth individuals and other financial institutions.

The Fund represents the fifth dedicated vehicle of its kind and is the largest to-date. Its strategy is focused on providing investors with diversified exposure to unique and differentiated deals through an efficient fee structure. Including the Fund, Hamilton Lane’s Direct Equity platform has raised approximately $3.7 billion since the outset of the fundraise in mid-2020.

Demetrius Sidberry, Managing Director on the Direct Equity Investment Team, commented: “Our ability to successfully raise the Fund demonstrates both the power of our scale and platform, and our clients’ conviction in our ability to execute. Our 26-year track record of strong performance and transactional expertise has helped to make us a trusted partner to leading GPs, and our platform has provided unique access for LPs to this area of the private markets. We’re grateful to our diverse group of global LPs for their support.”

Head of Direct Equity Investments Jeff Armbrister said: “The dynamics of today’s fundraising environment are leading GPs to seek additional sources of direct co-investment capital in deals. Fund V is well-positioned to serve as a strategic partner of choice, with a thoughtfully diversified portfolio that we believe is well insulated from volatile market conditions and macro concerns. The Fund has made good progress already, with investments to date in hard-to-reach direct SMID buyout and growth equity deals, alongside best-in-class managers.”

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The Fund is supported by a dedicated team of 30 Direct Equity professionals around the world*, and is an extension of Hamilton Lane’s broader Direct Equity platform, which includes commingled co-investment funds and discretionary separate accounts, and represents over $13 billion in discretionary assets*.

*As of September 30, 2022

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