Hamilton Lane Closes Latest Strategic Opportunities Fund Significantly Above Target

June 05, 2018 | 4 Min Read
  • Fourth Fund Designed to Target Private Credit Investments Around the Globe

Bala Cynwyd, Penn. – Hamilton Lane (NASDAQ: HLNE) today announced the final closing of Hamilton Lane Strategic Opportunities Fund IV (“the Fund”). The Fund represents approximately $900 million in commitments from a wide range of global investors, well above the initial target.

The Fund is focused on making credit-oriented investments with consistent cash yield, shorter duration and attractive risk-adjusted returns. Fund IV is comprised of a diverse set of institutions, including Taft-Hartley pension funds, insurance companies, endowments/foundations and high net worth individuals, including a number of existing as well as new investors from Asia, the Middle East, Europe and North and South America.

Drew Schardt, Managing Director and Global Head of Private Credit at Hamilton Lane, commented: “Having been active in the private credit space for nearly two decades, our experience and strong industry relationships continue to drive robust deal volume and enable us to remain highly selective. We believe the Strategic Opportunities platform provides our clients with a unique credit solution and differentiated access to these high-quality private market transactions.” 

“Growing LP interest in private credit has been driven by the attractive yield and return characteristics of the asset class, which are also unique in the context of a broader private market portfolio. At the same time, a secular shift in the debt supply dynamics within the middle-market landscape has created a robust opportunity for investors,” Schardt said.

“We’re pleased to welcome a great group of investors – including both new and existing LPs – into our growing private credit program,” said Jackie Rantanen, Head of Product Management at Hamilton Lane. “The structure of this Fund aims to deliver a high level of flexibility and optionality, while enabling LPs to leverage Hamilton Lane’s global platform and opportunity set, which has grown along with the overall expansion of the private credit landscape.”

Hamilton Lane has long been an active investor in targeted strategies, including credit-oriented direct investments and co-investments. While the Fund represents the fourth dedicated vehicle of its kind, it is an extension of Hamilton Lane’s broader credit platform, which the firm has been building for nearly 20 years and represents over $30 billion in assets under management and supervision as of December 31, 2017.

About Hamilton Lane

Hamilton Lane (NASDAQ: HLNE) is a leading alternative investment management firm providing innovative private markets solutions to sophisticated investors around the world. Dedicated to private markets investing for 26 years, the firm currently employs approximately 340 professionals operating in offices throughout the U.S., Europe, Asia-Pacific, Latin America and the Middle East. With approximately $424 billion in total assets under management and supervision as of December 31, 2017, 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. For more information, please visit www.hamiltonlane.com or follow Hamilton Lane on Twitter: @hamilton_lane.

Forward-Looking Statements

Some of the statements in this release may constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. Words such as “will,” “expect,” “believe” and similar expressions are used to identify these forward-looking statements. Forward-looking statements discuss management’s current expectations and projections relating to our financial position, results of operations, plans, objectives, future performance and business. All forward-looking statements are subject to known and unknown risks, uncertainties and other important factors that may cause actual results to be materially different, including risks relating to our ability to manage growth, fund performance, risk, changes in our regulatory environment and tax status; market conditions generally; our ability to access suitable investment opportunities for our clients; our ability to maintain our fee structure; our ability to attract and retain key employees; our ability to manage our obligations under our debt agreements; defaults by clients and third-party investors on their obligations to us; our ability to comply with investment guidelines set by our clients; our ability to consummate planned acquisitions and successfully integrate the acquired business with ours; and our ability to receive distributions from Hamilton Lane Advisors, L.L.C. to fund our payment of dividends, taxes and other expenses.

The foregoing list of factors is not exhaustive.  For more information regarding these risks and uncertainties as well as additional risks that we face, you should refer to the “Risk Factors” detailed in Part I, Item 1A of our Annual Report on Form 10-K for the fiscal year ended March 31, 2017 and in our subsequent reports filed from time to time with the Securities and Exchange Commission. The forward-looking statements included in this release are made only as of the date hereof. We undertake no obligation to update or revise any forward-looking statement as a result of new information or future events, except as otherwise required by law.

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