Q1 2022 Update

Hamilton Lane’s Direct Equity (Co-Investment) Funds are focused on providing investors with diversified exposure to unique and differentiated deals through an efficient fee structure. 

 

  • Overall performance this quarter remained strong across the Funds and valuations remain at generally healthy levels.

Equity Opportunities Fund Portfolio Summary

Equity Opportunities Fund V (Currently in Market)

  • Early performance for Equity Opportunities Fund V is solid, having broken the J-curve in only three quarters. The seed portfolio remains well-positioned and largely assumes flat or contracted multiples at exit. 
  • Strong seed portfolio with $1.2 billion committed across 29 deals that are backed by robust industry tailwinds and varied value creation theses.    
  • Continued momentum in fundraising, with closed commitments totaling more than $1.billionwith pending and soft-circled commitments standing at more than $2 billion.
  • Investments to date have been in hard-to-reach direct SMID buyout and growth equity deals, alongside best-in-class managers. 
  • Thoughtfully diversified portfolio that we believe is well-insulated from volatile market conditions and macro concerns. 

View the Fact Sheet

Equity Opportunities Fund IV (CI IV)  

  • As of March 31, 2022, the Fund had a gross IRR and MOIC of 33.7% and 2.1x, respectively.
  • We have seen a fair number of wins in the portfolio across several deals and already have 17 deals marked above a 2.0x MOIC, with three of the 17 above a 5.0x. Despite the relative nascency of the portfolio, the Fund has already returned 48% of invested capital.

View the Fact Sheet

FUND III (CI III)

  • As of March 31, 2022, the Fund had a gross IRR and MOIC of 19.1% and 2.0x, respectively.
  • The Fund is in harvest mode, with more than 130% of capital returned through Q1. We expect meaningful activity this year as several investments have been or are being positioned for liquidity events.

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FUND II (CI II)

  • As of March 31, 2022, the Fund had a gross IRR and MOIC of 17.9% and 2.1x, respectively.
  • The Fund continues to be a top-quartile performer as it winds down (~1.9x of invested capital returned to date). While several positions remain in the portfolio, there are two assets driving the bulk of the NAV.

View the Fact Sheet

Learn More About Our Strategies

Visit us online to learn more about private markets investing at Hamilton Lane.

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