Co-investment fund close contributes to Hamilton Lane's results

Fee-earning assets under management (AUM) reached $35bn, recording a 14% increase compared with the previous year.

Specialised funds, including co-investment and secondary strategies, along with customised separate accounts, have driven the LP's fee earning AUM growth.

Hamilton Lane is currently fundraising for Hamilton Lane Secondary Fund V. The fund's predecessor, Hamilton Lane Secondary Fund IV, reached a final close on $1.9bn in June 2017, the manager's largest secondaries vehicle to date.

The organisation has recently 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.

The specialised funds, which have reached $12bn, also include credit strategies, along with a newly launched semi-liquid evergreen fund for high-net-worth individuals.

As for the customised separate accounts, they have hit $23bn as of June 2019, consisting of a diverse mix of new client wins and client re-ups.

The organisation's growth comes from four channels; re-ups from existing clients; adding brand new client relationships; raising new specialised funds; and growing existing funds.

Hamilton Lane has previously committed to Bowmark Capital Partners VI, Platinum Equity Small Cap Fund I, and ECI 11.

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• Topics
• LPs
• Hamilton Lane
• Fund performance