Hamilton Lane Raises $900 Mln for Third Secondary Fund

Hamilton Lane said Thursday that it has closed $900 million for its third secondary fund. The original target for the Hamilton Lane Secondary Fund III was $650 million. Hamilton Lane is a global private equity asset management firm.


BALA CYNWYD, Pa., Sept. 5, 2013 /PRNewswire/ — Hamilton Lane, a leading global private equity asset management firm, today announced the final closing of its third secondary private equity fund, Hamilton Lane Secondary Fund III LP (the “Fund”). Originally targeting $650 million, the Fund received substantial interest from the institutional investor community and was oversubscribed, but opted to close at its original hard cap of $900 million.
Launched in 2012, the Fund consists of investors from around the globe, including public and corporate pension funds, U.S. union pension plans, family offices and high-net-worth investors, sovereign wealth funds, endowments and foundations, insurance companies and other financial institutions.
“We are pleased to announce the close of Hamilton Lane’s third secondary fund, thanks to support from a diverse base of leading investors,” said Mario Giannini, chief executive officer of Hamilton Lane. “The strong demand for the fund demonstrates continued interest in the secondaries market by institutional investors and is a testament to Hamilton Lane’s successful investment performance in this sector to date.”
Hamilton Lane has been actively investing in the secondary market since 2000. The Fund will be a continuation of Hamilton Lane’s differentiated secondaries approach that targets high quality fund managers and small fund or portfolio purchases at attractive prices.
“We continue to see quality deal flow driven by our strong general partner relationships and global footprint,” said Tom Kerr, managing director and head of Hamilton Lane’s secondary team.
At the time of closing, the Fund had already committed nearly $200 million through eight transactions, which are diversified across vintage year, strategy and maturity.
About Hamilton Lane
Hamilton Lane is an independent financial institution that provides discretionary and non-discretionary private equity asset management services to sophisticated investors worldwide. With offices throughout the U.S., London, Hong Kong, Rio de Janeiro, Tel Aviv, and Tokyo, Hamilton Lane offers a full range of investment products and services that enable clients to participate in the private equity asset class on a global and customized basis. Founded in 1991, Hamilton Lane has more than 200 employees and more than $160 billion in total assets under management and supervision. For more information please visit www.hamiltonlane.com.