Seeking to deliver attractive returns while generating meaningful and measurable impact
We seek to make impact investments with a dual objective of generating attractive risk-adjusted returns while creating a measurable social and environmental impact. Since 2001, we have been developing and investing in mission-driven customized portfolio solutions for our clients, investing across the growing market opportunity and leveraging Hamilton Lane’s global platform, network and deal flow. Importantly, we also identify and report on impact metrics of underlying investments.
- Strategic investment partner for private markets fund managers globally with broad coverage of private impact markets
- Striving to generate measurable social and environmental impact in addition to financial returns
- Same rigorous underwriting, shared intel, data and resources across Hamilton Lane’s investment and research activities, including an impact lens
- Investing with a focus on the core impact sectors of: Healthcare, Energy & Environment, Community Development and Financial Empowerment
Deal Spotlights
Retina Consultants of America (RCA)
Who they are
A care provider for retina disorders, including diabetic retinopathy, retinal detachments, macular holes and age-related macular degeneration. The company also provides diagnosis and therapy services for vitreoretinal conditions.
Why it matters
RCA's success directly translates to improved patient outcomes; certain RCA patients have exhibited better vision acuity scores than regional and national averages, meaning that their vision is restored more quickly and to higher levels than compared to other practices.
The HL advantage
We gained access to the deal through a long-standing relationship with the sponsor, Webster Equity Partners, which has significant experience investing in the healthcare industry.The bottom line
In November 2024, the sponsor agreed to sell RCA to Cencora (NYSE: COR). The transaction is expected to generate an estimated return of 3.3x at closing (Q1 2025) and up to 3.7x based on physician retention earnouts over the next 2-3 years.
H&MV Engineering
Who they are
Provider of high-voltage design, engineering and construction services with a specialized focus on data centers, renewable facilities and the utility, commercial and industrial sectors.
Why it matters
H&MV Engineering operates within the $5.5 billion European market for high-voltage substations, which is expected to undergo significant growth as substantial capacity and upgrades are continuously required to meet increasing demand for data and electricity. The company directly contributes to the energy transition by offering a full suite of consultation, design, procurement and build services for high-voltage substation and infrastructure projects.
The HL advantage
Our Impact Investments team originated the opportunity after tracking the company for several years and ultimately completed this minority equity recapitalization alongside one other party. The team co-underwrote the transaction alongside the sponsor and provided expertise throughout the diligence process due to our advanced assessment of the sector prior.
Daewon
Who they are
One of the largest food waste treatment operators in South Korea, with a combined processing capacity of 500 tons per day.Why it matters
South Korea’s food waste industry faces high barriers to entry as the country maintains one of the most advanced and comprehensive composting programs in the waste treatment space today. Daewon is an established asset with a vertically integrated system. The Company plans to expand its capabilities into the waste-to-energy segment through the buildout of its biogas production facilities, which directly contributes to South Korea’s efforts to reduce carbon emissions and accelerate the transition into a circular economy.The HL advantage
Due to our primary relationship with the Sponsor, who is an established investor in Korea with domestic expertise and prior investments in the waste-to-energy space, we received proprietary access to the transaction as the largest of a limited number of co-investors in the deal.
Hamilton Lane’s platform, scale and data expertise give us a powerful advantage in identifying and executing on what we believe to be attractive investment opportunities aimed at benefitting society.
Head of Impact Investments
Technology facilitates impact metric tracking
Hamilton Lane’s technology solutions support our objective of generating compelling returns and social and environmental impact for our investors. Using these technology solutions, we can monitor and report the relevant impact metrics respective to each investment. These metrics include, but are not limited to:
- Reduction in CO2 emissions
- Energy savings
- Water cleaned
- Landfill waste reduction