Strategies Venture Capital & Growth Equity Investments

Gain access to premier venture and growth equity opportunities through a focused strategy of fund investments, direct deals and secondaries. We partner with top-tier managers and high-growth companies to deliver differentiated exposure across the private market landscape. 

$116.0B

Assets Under Management & Supervision1,2

260+

General Partners With Whom We Actively Invest3

29

Years Investing Experience4

As of 3/31/2025

What We Do


Strategic access to high-growth opportunities

We leverage our deep, long-standing relationships to access what we believe are the most compelling venture and growth equity opportunities at optimal stages and through efficient structures. Our strategy aims to deliver asymmetric returns by limiting downside while capturing the attractive upside that venture and growth equity investments can provide. 

Balancing disruption with opportunity

With low correlation to traditional strategies, our approach is driven by sensitivity to innovation cycles rather than market movements. By targeting long-term, compounding growth, we seek to deliver attractive risk-adjusted returns and take advantage of market disruption. 

Technology platform and access to data provide competitive advantage

Our continued investment in private markets technology solutions provides unparalleled access to information, including a database with over 24,000+ funds, 17,000+ unique managers, and 178,000+ companies. Further, each year the firm participates in 1,300+ meetings with general partners on average, and reviews 1,100+ PPMs. Together, these insights help enable us to be a more informed investor and a valuable strategic partner to managers, thereby providing access to unique opportunities. 


As of 9/30/2025

Leadership Team

Miguel Luiña
Managing Director, Co-Head of Venture Capital & Growth Equity
Matthew Pellini
Managing Director, Secondaries, Co-Head of Venture Capital & Growth Equity
Nathan Ritsko
Managing Director, Venture Capital & Growth Equity
Andrew Rich
Principal, Venture Capital & Growth Equity
Brent Westbrook
Principal, Venture Capital & Growth Equity

Deal Spotlights

Steno

Who they are

A scaled, tech-enabled litigation services provider that offers staffing, logistics and financing services to plaintiff law firms across the U.S.

Why it matters

The company provides access to a market‑leading legal services platform with a strong financial profile and notable cohort expansion dynamics. The company is positioned to compound value while benefiting from digitization and AI tailwinds across legal services.

The HL advantage

This transaction builds on a long-standing relationship we have with Savano Capital Partners, an existing investor in Steno that led the Series C financing. Due to this, we were invited to co-invest in the latest round consisting of both primary and secondary shares. Through our connection to the GP and other earlier investors in the company, we gained deep company knowledge and high conviction in the opportunity.

The bottom line

We leveraged our relationship with the lead investor to secure access to a high-growth, category-leading opportunity in an under-penetrated market with strong product differentiation, attractive economics and a clear path to continued scale.

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 Inspire

Description

A multi-asset strip-sale continuation vehicle involving a diversified portfolio of growth-stage, market-leading SaaS businesses.

Why it matters

The portfolio is characterized by market-leading businesses with impressive scale, growth and margin profiles. Nearly every company in the portfolio is a Rule of 40+ business and is in a strong liquidity position.

The HL advantage

We have a strong familiarity with the assets as a long-standing investor and LPAC member with the GP. This has allowed us to build conviction in the market position, growth trajectory and valuation of the portfolio, resulting in what we believe to be a transaction with meaningful upside potential.

The bottom line

The portfolio has potential to deliver outsized returns, driven by double-digit revenue growth and attractive secondary entry valuations, with potential for early liquidity due to the maturity and strategic value of the underlying portfolio.

Investment Briefs


Q3 2025

Read our take on the current landscape

We’re highlighting the evolving trends shaping the asset class – all in just a couple of bullet points.
1Discretionary Assets Under Management ("AUM") includes all investments managed by Hamilton Lane for which Hamilton Lane retains a level of discretion for the investment decisions. AUM equals assets under management for active accounts. AUM is equal to market value plus unfunded. AUM calculation does not include authorized to invest amounts (ANI). ANI can only be attributed to commingled fund-of-funds and separate accounts and cannot be attributed to underlying investments.            

2Non-discretionary Assets Under Supervision ("AUS") comprise assets from clients for which Hamilton Lane does not have full discretion to make investments in the account. AUS includes all investments for which Hamilton Lane provides services including asset allocation, strategic planning, development of investment policies and guidelines, screening and recommending investments, legal negotiations, monitoring and reporting on investments and investment manager review and due diligence.  AUS equals assets under supervision for active accounts. AUS is equal to market value plus unfunded. AUS calculation does not include authorized to invest amounts (ANI). ANI can only be attributed to commingled fund-of-funds and separate accounts and cannot be attributed to underlying investments.

3Number of Active GPs includes only active GP relationships for Hamilton Lane discretionary or advisory investments. This number excludes GPs with investments for which Hamilton Lane provides Monitoring & Reporting only services as well as Legacy accounts.

4Number of years investing is based on the closing date of the first discretionary venture capital/growth equity investment made.

Recent Content

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Venture Secondaries and AI: $80B+ in Liquidity Potential

Venture-backed AI companies are booming, but liquidity remains locked up. Can venture secondaries unlock $80B+ in liquidity potential?

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Hamilton Lane Launches Global Venture Capital and Growth Fund

Hamilton Lane announced the launch of the Hamilton Lane Hamilton Lane Global Venture Capital and Growth Fund (HLGVG), an evergreen investment vehicle focused on the venture and growth opportunities in the private markets.

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Funds Managed by Hamilton Lane Acquire an Interest in Gaming Portfolio from vgames

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