The new fund will invest direct equity capital into buyout and growth transactions with specific attention to diversification across enterprise value, geography, and industry. New and existing Hamilton Lane investors participated in this fundraising including public pension funds, sovereign wealth funds, Taft-Hartley pension plans, endowments, foundations, and high-net-worth individuals.
“With a dedicated co-investment team of over 20 professionals, experience in the space dating back to 1996 and over 200 completed transactions to date, investors were able to see Hamilton Lane as a uniquely experienced and focused option for obtaining co-investment exposure in their portfolios,” said Erik Hirsch, Chief Investment Officer of Hamilton Lane. “We are pleased to see our investors realize the benefits of our global market presence and deep relationships among leading general partners. We are grateful for their support.”
Hamilton Lane has been an active co-investor for nearly 20 years. The fund is a continuation of Hamilton Lane’s previous co-investment vehicle, Hamilton Lane Co-Investment Fund II, a 2008 vintage year fund with$1.2 billion in capital. According to Preqin, Fund II is among the top performing co-investment funds with a 1.9x net multiple of investment capital and 22 percent net internal rate of return.
“Our extensive network among general partners, and our ability to be a trusted partner to them, has resulted in a franchise that is well-positioned to continue as a true leader in the co-investment field,” said Brian Gildea, Managing Director of the Global Co-Investment team at Hamilton Lane.
Hamilton Lane is an alternative investment management firm with more than $33 billion in discretionary assets under management along and an additional $191 billion in advisory assets. The firm is headquartered in Philadelphia and has offices throughout the US, Europe, Latin America and Asia (www.hamiltonlane.com).
© 2015 PEPD • Private Equity’s Leading News Magazine • 6-22-15