In Deal Flow in 2024
Committed Across 440+ Transactions
Years of Secondaries Investing Experience
A shorter duration complement to an overall private markets portfolio
We are fully immersed in the market, have the tools and expertise to execute and the flexibility to invest in all segments and geographies, with a rigorous diligence process supported by proprietary tools and global resources.
Favorable positioning in an evolving market
We believe today’s market conditions, characterized by the global growth of private markets and more active management of private market allocations, lend themselves to the strengths of our differentiated approach to secondary investments. With 25+ years of experience in this market, we remain focused on finding value in more complex and innovative secondary opportunities.
Market-leading data for more informed insights
Our relationships, technology and information advantage shine in the current market environment, helping us to uncover opportunities with embedded value. We combine cutting-edge private markets technology with in-depth industry data to access unique opportunities, to better understand the value drivers within a given investment, and ultimately, to make data-driven decisions at each step of the investment process. Get to know our Technology Solutions, anchored by our proprietary Cobalt platform.
Leadership Team
Deal Spotlights
Project Statue
Who they are
A joint effort between our Secondary and Venture Investment teams to provide a comprehensive liquidity solution across an LP interest portfolio of buyout, growth and venture funds.
Why it matters
Securing access to premium companies through the diversified pool of interests in funds positions us to capture high upside potential while reducing risk. The portfolio’s concentration around top-performing companies and the maturity of the holdings could allow for early liquidity and accelerated returns.
The HL advantage
Our long-standing relationship with the GPs and deep internal knowledge of key portfolio drivers provided unique insights into a sale process where information for buyers was highly limited. This positioned us as the preferred buyer from several GPs, enabling privileged access and securing assets under strict transfer restrictions.
The bottom line
Advantaged diligence angles and a collaborative effort leveraging unique venture insights and secondary expertise enabled us to quickly and thoroughly underwrite a broad portfolio of assets, build strong conviction and offer a compelling price to the seller. This ability to offer the seller a scaled, comprehensive solution across our traditional secondary and venture portfolios ultimately enabled us to secure the transaction at an attractive price that provides for significant upside from our conservative underwriting.
Project Astra
Description
A structured transaction involving a preferred equity investment in a portfolio of 12 consumer-focused investments benefitting from strong brands, market tailwinds and conservative leverage.
Why it matters
The investment sits at an attractive inflection point with some assets primed for near-term liquidity and others projected for a longer-term, multiple-generating hold.
The HL advantage
We leveraged our top-of-the-house relationship and prior experience with the GP to negotiate an attractive downside protected structure, while maintaining exposure to the upside.The bottom line
In uncertain market periods, we typically see an uptick in custom preferred equity solutions such as these, as GPs favour liquidity and buyers benefit from downside protection. GPs often prioritize working with firms like ours that have a long history of executing mutually beneficial structured transactions.
Project Commander
Description
An LP portfolio consisting of five fund interests that hold 95+ companies, managed by GPs with strong Hamilton Lane relationships.
Why it matters
The portfolio is well-diversified across high-quality GPs, demonstrating strong valuation momentum, near-term liquidity potential and stable growth.
The HL advantage
This opportunity arose from our long-standing relationships with the underlying GPs. We were able to select funds in which we had a strong competitive angle and unique insights. Our relationship advantage and deep familiarity with the funds and assets, reinforced by our presence on two of the fund’s advisory boards, allowed us to approach the investment with strong conviction and positioned us as the ideal buyer.
