BALA CYNWYD, Penn., June 24, 2019 (GLOBE NEWSWIRE) -- Hamilton Lane (NASDAQ: HLNE) today announced the final closing of Hamilton Lane Co-Investment Fund IV. The Fund closed above its target, with approximately $1.7B 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.
This fund represents the fourth dedicated vehicle of its kind and is a key component of Hamilton Lane’s co-investment activity globally. The Fund’s strategy is to provide direct equity capital into buyout and growth transactions alongside leading general partners, as well as unique diversification across enterprise value, geography and industry.
Jackie Rantanen, Managing Director and Head of Product Management, commented: “As interest in co-investing continues to grow, we believe the combination of Hamilton Lane’s scale, data and technology advantages and global platform offers a differentiated and positive experience for our investors. We were able to close the Fund above target thanks to the strong interest from a diverse group of LPs, well over half of whom were repeat investors from our last co-investment fund.”
Head of Investments Brian Gildea commented: “While co-investing continues to offer interesting diversification and investment opportunities for LPs, it can also present challenges from an executional perspective. Our 23-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 proud of our position as one of the largest co-investors globally, having deployed more than $1.3 billion across our equity co-investment platform in 2018 alone.”
The Fund is supported by a dedicated team of 22 co-investment professionals around the world, and is an extension of Hamilton Lane’s broader co-investment global equity platform, which includes commingled co-investment funds and discretionary separate accounts, and represents over $4.9 billion in assets under management and supervision as of March 31, 2019.
About Hamilton Lane
Hamilton Lane (NASDAQ: HLNE) is a leading alternative investment management firm providing innovative private markets solutions to sophisticated investors around the world. Dedicated to private markets investing for 27 years, the firm currently employs approximately 370 professionals operating in offices throughout North America, Europe, Asia-Pacific, Latin America and the Middle East. With approximately $484 billion in total assets under management and supervision as of March 31, 2019, 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. For more information, please visit www.hamiltonlane.com or follow Hamilton Lane on Twitter: @hamilton_lane.
