In Deal Flow in 2024
Committed Across 420+ Transactions
Years of Secondaries Investing Experience
A shorter duration complement to an overall private markets portfolio
We are fully immersed in the market, have the tools and expertise to execute and the flexibility to invest in all segments and geographies, with a rigorous diligence process supported by proprietary tools and global resources.
Favorable positioning in an evolving market
We believe today’s market conditions, characterized by the global growth of private markets and more active management of private market allocations, lend themselves to the strengths of our differentiated approach to secondary investments. With 25+ years of experience in this market, we remain focused on finding value in more complex and innovative secondary opportunities.
Market-leading data for more informed insights
Our relationships, technology and information advantage shine in the current market environment, helping us to uncover opportunities with embedded value. We combine cutting-edge private markets technology with in-depth industry data to access unique opportunities, to better understand the value drivers within a given investment, and ultimately, to make data-driven decisions at each step of the investment process. Get to know our Technology Solutions, anchored by our proprietary Cobalt platform.
Leadership Team
Deal Spotlights
Project Astra
Description
A structured transaction involving a preferred equity investment in a portfolio of 12 consumer-focused investments benefitting from strong brands, market tailwinds and conservative leverage.
Why it matters
The investment sits at an attractive inflection point with some assets primed for near-term liquidity and others projected for a longer-term, multiple-generating hold.
The HL advantage
We leveraged our top-of-the-house relationship and prior experience with the GP to negotiate an attractive downside protected structure, while maintaining exposure to the upside.The bottom line
In uncertain market periods, we typically see an uptick in custom preferred equity solutions such as these, as GPs favour liquidity and buyers benefit from downside protection. GPs often prioritize working with firms like ours that have a long history of executing mutually beneficial structured transactions.
Project Commander
Description
An LP portfolio consisting of five fund interests that hold 95+ companies, managed by GPs with strong Hamilton Lane relationships.
Why it matters
The portfolio is well-diversified across high-quality GPs, demonstrating strong valuation momentum, near-term liquidity potential and stable growth.
The HL advantage
This opportunity arose from our long-standing relationships with the underlying GPs. We were able to select funds in which we had a strong competitive angle and unique insights. Our relationship advantage and deep familiarity with the funds and assets, reinforced by our presence on two of the fund’s advisory boards, allowed us to approach the investment with strong conviction and positioned us as the ideal buyer.
Project Legend
Description
A multi-asset continuation vehicle involving the acquisition of three leading, lower-middle-market assets alongside a high-quality GP.
Why it matters
The companies operate in the industrial and business services sectors in which the GP has a history of successful investments. Merits of the companies include high recurring revenue, sticky customer relationships, attractive M&A platforms and impressive financial profiles. Conservative valuation multiples and near-term EBITDA momentum suggest meaningful embedded value at closing.
The HL advantage
The GP engaged us prior to launching the sale process due to our long-running dialogue via our GP coverage and proactive sourcing initiatives.The bottom line
Our strategic value to the GP was influential in securing the sole lead role over five other suitors in a deal that was several times oversubscribed.