Fund Launch Venture Access Fund II

Fund Launch

We are pleased to announce the launch of the Hamilton Lane's latest venture capital and growth equity fund, Venture Access Fund II (the “Fund” or “VAF II”). VAF II is targeting $750 million in commitments and will build on our nearly 30-year track record of investing in high-growth, earlier stage companies at the forefront of innovation.

VAF II's Strategy & Key Terms
$116.0B

Assets under management & supervision1,2,3

$90B+

VC transactions received in 2024

400+

Investments completed across secondaries, direct co-investments and funds

260+

General Partners with whom we actively invest4

As of March 31, 2025

Our Venture Capital & Growth Equity Platform

Hamilton Lane has been a leading venture capital investor for nearly 30 years, building deep relationships with over 260 GPs and resulting in more than 170 advisory board seats. Our $116 billion1,2,3 global platform delivers access to the significant upside potential of venture and growth-stage investments that are increasingly aligned with the sectors that are driving rapid growth, both in private markets and in the broader economy.

VAF II Strategy

The objective of VAF II is to achieve high-quality, long-term venture returns through two complimentary strategies that provide access to leading venture capital & growth equity opportunities:

  • Transactions: Secondary and direct co-investments that leverage our relationships and information advantages to mitigate the J-curve, lower fees, reduce blind pool risk and accelerate cash back while gaining exposure to high-growth, earlier stage companies we believe are category leaders.  Secondaries are often executed at attractive discounts, while prioritizing asset quality, and provide exposure to multi-stage and later stage opportunities. Secondaries typically diversify the portfolio by deal type and vintage. Direct co-investments are also typically made in exciting, high-growth potential companies that are addressing compelling market segments (e.g., AI, data infrastructure, cybersecurity, etc.) and provide exposure across seed, early and late-stage opportunities. 
  • Fund Investments: A targeted portfolio of 20-25 of Hamilton Lane’s top VC managers. We invest in high-quality venture fund managers with a focus on early-stage, difficult-to-access funds. These managers are typically a blend of brand name GPs, as well as high-conviction niche managers, often spinning out from our long-standing relationships. The fund investments will provide exposure to diversified seed and early-stage opportunities across sectors such as diversified tech, SaaS and life sciences, among others. 

The Market Opportunity

VAF II is well-positioned to take advantage of the rapidly expanding venture market, powered by disruptive technologies that are driving growth at the forefront of innovation. As companies stay private longer, much of the value creation now occurs in private markets, particularly venture and growth equity. With business models continuously improving and AI rapidly accelerating progress, investing today enables access to high-potential companies that are shaping the future. 

Fundraise Timeline

VAF II expects to hold its first close in Q2 2026.

Contact Us

We look forward to connecting with you about Hamilton Lane Venture Access Fund II. If you have questions, please reach out to your Hamilton Lane representative.

For data room access, please reach out to Nathan Ritsko, nritsko@hamiltonlane.com and Justine Davis, jdavis@hamiltonlane.com

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