Seeking to access top-tier venture and growth equity companies through funds, secondaries and direct investments
Our venture and growth equity strategy focuses on concentrating capital into what we believe to be best-in-class, high-growth companies. We do this through fund investments with venture and growth managers, direct investments and solution-oriented secondaries. We leverage our long-standing relationships to gain access to what we have determined to be the most attractive opportunities at ideal stages and through efficient structures. This strategy is designed to produce an asymmetric return profile that limits losses, while capturing the attractive upside that venture and growth equity investments can provide.
- Less correlation to other strategies due to greater sensitivity to innovation cycle as opposed to financial markets
- Seeks an attractive risk/return profile driven by limited use of leverage and potential for outsized returns
- Provides a counterbalance to the disruption of incumbents from high growth, tech-enabled businesses
- Potential for high multiple contribution from long-term, compounding growth
2Non-discretionary Assets Under Supervision ("AUS") comprise assets from clients for which Hamilton Lane does not have full discretion to make investments in the account. AUS includes all investments for which Hamilton Lane provides services including asset allocation, strategic planning, development of investment policies and guidelines, screening and recommending investments, legal negotiations, monitoring and reporting on investments and investment manager review and due diligence. AUS equals assets under supervision for active accounts. AUS is equal to market value plus unfunded. AUS calculation does not include authorized to invest amounts (ANI). ANI can only be attributed to commingled fund-of-funds and separate accounts and cannot be attributed to underlying investments.
3Number of Active GPs includes only active GP relationships for Hamilton Lane discretionary or advisory investments. This number excludes GPs with investments for which Hamilton Lane provides Monitoring & Reporting only services as well as Legacy accounts.
4Number of years investing is based on the closing date of the first discretionary venture capital/growth equity investment made.
Deal Spotlights
Project Dictionary
Who they are
An LP secondary transaction in a single fund that provides exposure to a diversified portfolio of difficult to access companies, backed by top tier sponsors. Key drivers include leading VC companies such as Ramp and Cognition.
Why it matters
Provides access to a high-quality, earlier stage portfolio managed by a GP with strong access and reputation, expanding on a partnership we had been building.
The HL advantage
We were approached by the GP as preferred buyer for the transaction, in order to replace a founding LP relationship with one of similar importance. We has high familiarity with the key assets driving the portfolio with the largest five companies making up 50%+ of the fair market value. One of the main assets, Cognition, was recently underwritten by us, in connection with a separate co-investment opportunity. We secured the investment at an attractive discount and entry price that was reflective of the proprietary nature of the transaction.
The bottom line
We were able to leverage our relationship advantage with the selling LP and GP in this transaction to gain exposure to a diversified portfolio of access-constrained venture-backed companies. In addition, we were able to leverage its information advantage, recent diligence and strong familiarity with the top assets driving the portfolio.
Project Statue
Who they are
A joint effort between our Secondary and Venture Investment teams to provide a comprehensive liquidity solution across an LP interest portfolio of buyout, growth and venture funds.
Why it matters
Securing access to premium companies through the diversified pool of interests in funds positions us to capture high upside potential while reducing risk. The portfolio’s concentration around top-performing companies and the maturity of the holdings could allow for early liquidity and accelerated returns.
The HL advantage
Our long-standing relationship with the GPs and deep internal knowledge of key portfolio drivers provided unique insights into a sale process where information for buyers was highly limited. This positioned us as the preferred buyer from several GPs, enabling privileged access and securing assets under strict transfer restrictions.
The bottom line
Advantaged diligence angles and a collaborative effort leveraging unique venture insights and secondary expertise enabled us to quickly and thoroughly underwrite a broad portfolio of assets, build strong conviction and offer a compelling price to the seller. This ability to offer the seller a scaled, comprehensive solution across our traditional secondary and venture portfolios ultimately enabled us to secure the transaction at an attractive price that provides for significant upside from our conservative underwriting.
Classiq
Who they are
A quantum computing software innovator that automates the design, debugging, optimization and execution of quantum circuits, supporting enterprise-grade applications across finance, pharma, logistics, cybersecurity and aerospace.
Why it matters
Classiq benefits from its first-mover advantage with technology that delivers best-in-class results. The company is driving the democratization of quantum computing, simplifying algorithm design and plugging in to all major hardware modalities.
The HL advantage
We have a high familiarity with the company and were able to leverage our relationship We have a strong familiarity with several key investors in Classiq, having committed primary capital to multiple prior funds of these investors. We leveraged our relationship with several GPs and our broader VC network to build conviction around the high-growth potential and scalability of the company.The bottom line
We expect Classiq to benefit from industry tailwinds as quantum continues to move from R&D to commercial adoption within the next 5-10 years. Classiq has proven strong execution through its go-to-market strategy and scaling retention with blue-chip customers.
As a committed venture and growth equity investor, we have developed deep relationships that help drive what we believe to be enhanced access to highly compelling venture and growth equity opportunities.
Managing Director, Co-Head of Venture Capital and Growth Equity
Technology platform and access to data provide competitive advantage
Our continued investment in private markets technology solutions provides unparalleled access to information, including a database with over 23,300 funds, 15,350 unique managers, and 163,870 companies. Further, each year the firm participates in over 1,300 meetings with general partners on average, and reviews 1,100+ PPMs. Together, these insights help enable us to be a more informed investor and a valuable strategic partner to managers, thereby providing access to unique opportunities.
As of 12/31/2024