The Fund features a high-quality venture portfolio targeting
top-performing, oversubscribed funds and companies
CONSHOHOCKEN, Pa., Feb. 6, 2025
/PRNewswire/ -- Leading global private markets investment
management firm Hamilton Lane (Nasdaq: HLNE) today announced the
final close of its Venture Access Fund ("VAF" or "the Fund"), which
successfully exceeded its target fund size, raising $615.3 million in commitments.
VAF, which closed 23% over its $500
million target, features a venture portfolio that targets
top-performing, oversubscribed funds and companies, while
leveraging the extensive platform, access and relationships
Hamilton Lane has built over its nearly 30 years of investing in
the space. The Fund's unique composition of primary and secondary
transactions is designed to accelerate capital back to investors
and mitigate the J-curve, providing Limited Partners with a
fee-efficient, best-in-class VC solution.
Building on Hamilton Lane's extensive track record and nearly
$117 billion in AUM and AUA* across
venture and growth equity, VAF is the firm's first globally
distributed venture vehicle and represents an evolution of its
Venture and Growth Equity Platform. The fundraise centered on
attractive venture capital market dynamics and LP demand, with
participation from a group of global and diversified
investors, spanning public and corporate pension funds, financial
institutions, Taft-Hartley plans, family offices and foundations
and endowments.
Miguel Luina, Co-Head of Venture
and Growth Equity at Hamilton Lane, commented: "We are thrilled to
announce the final close of the inaugural Venture Access Fund,
which surpassed our target fund size despite the difficult
fundraising environment. This achievement is a testament to the
confidence our clients and investors have in our ability to access
premier venture opportunities and navigate a dynamic
market.
VAF represents a unique opportunity for investors to gain
exposure to what we believe to be best-in-class venture capital
managers, breakout companies, well-priced secondaries and
high-potential co-investments. Our institutional approach to
portfolio construction and strong relationships aimed to deliver a
high-quality experience to investors of all types."
"For those with scale, expertise and strong relationships, the
current VC market presents compelling opportunities, driven by
active company formation and rapid value creation from AI and other
disruptive technologies, and lower overall capital availability.
Specifically, the opportunity set within the secondary market is
robust, as the trend of companies staying private longer persists,
causing existing shareholders to seek alternative methods of
liquidity," said Matt Pellini,
Co-Head of Venture and Growth Equity at Hamilton Lane.
The firm has been active in the venture and growth equity space
for nearly three decades, with deep experience investing across
separately managed accounts, including its annual commingled
Hamilton Lane Venture Capital Fund series, which was first
established in 2009. Hamilton Lane is focused on concentrating
capital into what it believes to be best-in-class, high-growth
companies through fund investments with venture and growth
managers, direct investments and solution-oriented secondaries. The
strategy is designed to produce an asymmetric return profile that
limits losses, while capturing the attractive upside that venture
and growth equity investments can provide. For more on the firm's
Venture and Growth Equity Platform, click here.
*As of 9/30/24
About Hamilton Lane
Hamilton Lane (Nasdaq: HLNE) is one of the largest private
markets investment firms globally, providing innovative solutions
to institutional and private wealth investors around the world.
Dedicated exclusively to private markets investing for more than 30
years, the firm currently employs approximately 740 professionals
operating in offices throughout North
America, Europe,
Asia Pacific and the Middle East. Hamilton Lane has $956 billion in assets under management and
supervision, composed of nearly $135
billion in discretionary assets and more than $821 billion in non-discretionary assets, as of
December 31, 2024. 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 our
website or follow Hamilton Lane on LinkedIn.
View original
content:https://www.prnewswire.com/news-releases/hamilton-lane-closes-inaugural-venture-access-fund-with-over-615-million-in-commitments-exceeding-target-fund-size-302369794.html
SOURCE Hamilton Lane
