Hamilton Lane closes $426.8 mln for eighth fund-of-funds

Hamilton Lane said Monday that it has raised $426.8 million in the final close of its eighth fund-of-funds. The pool’s original target was $400 million. According to the firm, its LP base includes public pension funds, Taft-Hartley pension plans, endowments, foundations and other institutions.


BALA CYNWYD, Pa., April 28, 2014 /PRNewswire/ — Hamilton Lane Advisors L.L.C. (“Hamilton Lane”), a leading global private markets asset management firm, today announced the final closing of Hamilton Lane Private Equity Fund VIII, L.P. (the “Fund”), a global and diversified private equity fund-of-funds. Originally targeting $400 million, the Fund received strong interest from the institutional investor community, exceeding its target to close on $426.8 million.
“Despite the consolidation happening in the funds-of-funds market today, we believe the demand for Fund VIII is a testament to Hamilton Lane’s highly selective investment process and track record within this sector,” said Mario Giannini, Chief Executive Officer of Hamilton Lane. “We are pleased to share the news of the final close of our most recent fund-of funds, thanks to support from a diverse group of both new and existing Hamilton Lane investors, including public pension funds, Taft-Hartley pension plans, endowments, foundations and other institutions.”
“With an emphasis on thoughtful portfolio construction, the fund is designed to provide investors with an opportunity for both short and long-term performance through a strategic blend of exposure across strategies, vintage years and geographies,” said Jackie Rantanen, Principal in the Product Management Group at Hamilton Lane.
Hamilton Lane has been managing funds-of-funds strategies since 1998 and seeks to provide access to the top echelon of funds worldwide through its robust platform. Leveraging the firm’s global presence and rigorous due diligence process, the Fund represents a continuation of Hamilton Lane’s tailored funds-of-funds approach to provide investors with a balanced portfolio of private market investments.
About Hamilton Lane
Hamilton Lane is an independent alternative investment management firm providing innovative private markets solutions to sophisticated investors around the world. The firm has been dedicated to private markets investing for more than two decades and currently has more than 200 employees operating in offices throughout the U.S., London, Hong Kong, Rio de Janeiro, Tel Aviv and Tokyo. With over $170 billion in total assets under management and supervision1, Hamilton Lane offers a full range of investment products and services that enable clients to participate in the private markets asset class on a global and customized basis. The firm has been named an Inc. 5000 Fastest-Growing Company and a “Best Places to Work in Money Management by Pensions & Investments.
For more information please visit www.hamiltonlane.com.