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
GFL Environmental Services
Who they are
A scaled, vertically integrated provider of essential environmental solutions across the U.S. and Canada, offering sustainable and cost-effective services in liquid waste management and soil remediation.
Why it matters
The company addresses critical needs in an increasingly regulated environment, with services essential for municipalities, industries and commercial enterprises. Industrial customers rely on GFL Environmental Services to maintain environmental best practices in accordance with sustainability goals and growing waste regulations in both Canada and the U.S.
The HL advantage
We leveraged our relationship with the sponsor to gain early access, as well as a significant share of the co-investment opportunity. Our speed and execution certainty facilitated this complex, competitive transaction, enabling a structured senior equity position designed to provide meaningful downside protection.
The bottom line
The company is well positioned to benefit from strong tailwinds in the environmental services industry. Its vertically integrated model and robust, concentrated asset base present a clear competitive advantage and enable high recurring revenue streams.
Odyssey Behavioral Healthcare
Who they are
A leading national provider of behavioral health treatment programs for patients diagnosed with sub-acute mental health and eating disorders.Why it matters
Due to an increased prevalence of mental health and eating disorder diagnoses and treatment utilization, provider supply does not currently meet the demand for services. Odyssey Behavioral Healthcare represents a scaled national platform that offers a broad range of care for various behavioral health diagnoses, addressing gaps in regions with insufficient resources.
Vice President Ben Kalter dives deeper into the HL advantage in this deal spotlight video.
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.
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