Secondary Fund VII

Our Secondary Platform

We are a long-standing, successful secondary franchise within one of the world's leading private markets platforms. Leveraging the firm’s global footprint, network of relationships and extensive database we drive differentiated deal flow, find off-market secondary opportunities, and proactively target funds and assets at inflection points. In 2024 alone, we saw more than $273 billion in secondary deal flow. Historically, we’ve invested in 1-2% of our deal flow, as the scale of our platform allows us to be highly selective and focus on opportunities where we have clear competitive advantages. 

HLSF VII Strategy

Our objective is to deliver meaningful capital appreciation to our investors by constructing a diversified portfolio of secondary investments. We employ a flexible investment approach that enables the Fund to capitalize on the most compelling opportunities across the full spectrum of the secondary market. As a result, we believe HLSF VII offers a comprehensive secondary solution for investors’ portfolios.  

Our strategy focuses on identifying secondary opportunities where we believe we hold a distinct competitive advantage. We target high-quality assets, managed by who we consider to be leading general partners, at attractive prices. This disciplined approach, coupled with our differentiated deal flow, positions us to pursue secondary investments with attractive risk-adjusted returns. 

The Market Opportunity

The secondary market is experiencing record transaction volume, projected to exceed $200 billion in 2025. Limited Partners and General Partners face an intensifying need for liquidity and portfolio flexibility and are turning to the secondary market for solutions. This is providing a record opportunity set and deal flow. Through August 2025, we’ve seen more secondary deal flow than in all of 2024, which was a record year.   

Meanwhile, the market remains undercapitalized as growth in available buyside capital has not kept pace with transaction volume. As of June 2025, the capital overhang ratio is 0.9x, meaning that secondary buyers have enough capital to support less than one years’ worth of volume. Given these attractive market dynamics, we are seeing compelling buying opportunities across the entire market and believe HLSF VII is exceptionally positioned to capitalize. 

Fundraise Timeline

HLSF VII will hold rolling closes beginning in Q2 2026 and will remain in market through 2027. 

Contact Us

We look forward to connecting with you about HLSF VII. If you have questions, please reach out to your Hamilton Lane representative. 

For data room access, please reach out to secdataroom@hamiltonlane.com.