Hamilton Lane announces final close for co-investment fund
Hamilton Lane has held a final close for Hamilton Lane Co-Investment Fund IV on $1.7bn, surpassing its $1.5bn target.
The vehicle was registered as a Delaware LP in October 2017 and held a first close on $755m a year later. It was already 20% deployed by December 2018.
Hamilton Lane deployed more than $1.3bn in equity co-investments across its platform in 2018.
The investor's previous co-investment fund held a final close on $1.5bn in June 2015 and was 90% invested by March last year. An investor in the fund reported a net IRR of 20.94% in December 2017.
Investors
The fund received commitments from a range of institutions including public pensions, sovereign wealth funds, endowments, foundations, high-net-worth individuals and other financial institutions.
More than half of the LPs in the new fund were existing investors in Hamilton Lane products including the Idaho and Essex public pension funds.
Investments
Hamilton Lane will build a portfolio of 30-35 co-investments in buyout and growth transactions for small and medium-sized companies globally. It will invest alongside GPs with which it has an existing relationship.
People
Hamilton Lane – Jackie Rantanen (managing director); Brian Gildea (head of investments).
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