Fund IX Closes on $516 Million in Commitments from Globally-Diverse LP Base
Bala Cynwyd, Penn. – Hamilton Lane Advisors L.L.C. (“Hamilton Lane”), a leading global private markets asset management firm, today announced the final closing of Hamilton Lane Private Equity Fund IX, L.P. (the “Fund” or “Fund IX”), a global and diversified private equity fund-of-funds. Originally targeting $400 million, the Fund received strong interest from the institutional investor community, exceeding its target to close on $516 million.
“We are thankful for the support of a diverse group of both new and existing Hamilton Lane investors from across the globe, including public pension funds, Taft-Hartley pension plans, endowments, foundations and other institutions,” said Jackie Rantanen, Managing Director and Co-Head of the Product Management Group at Hamilton Lane. “Leveraging our global platform and resources, we endeavor to provide our investors access to high-quality fund managers in an increasingly competitive and crowded market. And we strongly believe our thoughtful portfolio construction approach offers investors a unique solution to achieve both short and long-term performance through a strategic blend of exposure across strategies, vintage years and geographies.”
“With more than $500 million in commitments, Fund IX is our largest fund-of-funds to date,” said Andrea Kramer, Global Head of Fund Investments at Hamilton Lane. “With robust deal flow and compelling investment opportunities, we will continue to employ our rigorous and proven due diligence process as we selectively seek out the best opportunities for our investors.”
Hamilton Lane has been managing fund-of-funds strategies since 1998, and Fund IX represents the successful expansion of the firm’s growing, global platform. Primarily targeting SMID funds, Fund IX aims to provide investors with a balanced portfolio of private market investments by diversifying across primaries, secondaries and co-investments, as well as identifying those managers capable of creating and driving value through operational improvements at the portfolio company level.
About Hamilton Lane
Hamilton Lane is an independent alternative investment management firm providing innovative private markets solutions to sophisticated investors around the world. The firm has been dedicated to private markets investing for more than two decades and currently has more than 250 employees operating in offices throughout the U.S., Europe, Asia, Latin America and the Middle East. With more than $250 billion in total assets under management and supervision1, 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.
1 As of March 31, 2016