Hamilton Lane raises nearly $900m for sixth private credit fund

Hamilton Lane has closed its sixth private credit fund at nearly $900 million.

Hamilton Lane has closed its sixth private credit fund at nearly $900 million. Hamilton Lane Strategic Opportunities Fund VI’s backers include returning as well as new investors from Asia, the Middle East, Europe and North and South America.

PRESS RELEASE

Bala Cynwyd, Penn. – March 2, 2021 – Leading private markets investment management firm Hamilton Lane (NASDAQ: HLNE) today announced the final closing of Hamilton Lane Strategic Opportunities Fund VI (“the Fund”). The Fund represents nearly $900 million in commitments from a wide range of global LPs.

The Fund is focused on making credit-oriented investments striving for consistent cash yield, shorter duration and attractive risk-adjusted returns. Consistent with previous vintage vehicles, the Fund is comprised of a diverse set of institutions, including returning as well as new investors from Asia, the Middle East, Europe and North and South America.
Drew Schardt, Head of Direct Credit at Hamilton Lane, commented: “The private credit landscape continues to evolve, marked by growing LP interest driven generally by the opportunity for risk mitigation, yield and return characteristics offered within the context of a broader private markets portfolio.”

“This latest close is a continuation of our proven strategy and platform, and of our ability to bring to bear more than two decades of experience, differentiated deal flow and strong relationships to consistently access unique private credit-oriented opportunities on a global level,” he said.

Jackie Rantanen, Head of Product Management at Hamilton Lane, said: “We’re thankful to our strong global client base for supporting what is our sixth successful fundraise for the Strategic Opportunities Series. We intentionally structure this Series as a unique and appealing solution for investors seeking a high level of flexibility and optionality, while benefiting from Hamilton Lane’s extensive global platform and opportunity set.”

Hamilton Lane has long been an active investor in targeted strategies, including credit-oriented direct investments and co-investments. While this vehicle represents the sixth of its kind, it is an extension of Hamilton Lane’s broader credit platform, which the firm has been building for over 20 years and which represents more than $40 billion in assets under management and supervision as of September 30, 2020.

About Hamilton Lane
Hamilton Lane (NASDAQ: HLNE) is a leading private markets investment management firm providing innovative solutions to sophisticated investors around the world. Dedicated exclusively to private markets investing for 29 years, the firm currently employs more than 440 professionals operating in offices throughout North America, Europe, Asia Pacific and the Middle East. Hamilton Lane has approximately $657 billion in assets under management and supervision, composed of approximately $76 billion in discretionary assets and approximately $581 billion in advisory assets, as of December 31, 2020.

Hamilton Lane specializes in building flexible investment programs that provide clients access to the full spectrum of private markets strategies, sectors and geographies. For more information, please visit www.hamiltonlane.com or follow Hamilton Lane on Twitter: @hamilton_lane.