Dedicated Direct Equity Professionals*
Discretionary Active GP Relationships*
Direct Equity AUM*
Direct Equity Transactions Reviewed YTD 2025**
Direct Equity Platform
We are a long-standing direct equity co-investor that benefits from being attached to one of the world’s leading private markets platforms. As a significant global investor and allocator of private markets capital, with more than $986.3 billion of assets under management and advisement1 and $34 billion of private markets capital allocated annually2, the scale of our platform provides differentiated and unique deal flow. We believe our direct equity investment platform affords us enhanced access to high-quality GPs and a diverse set of opportunities due to the breadth and depth of our primary capital footprint.
EO VI Strategy
EO VI is focused on providing investors access to direct equity investments in middle-market private companies alongside experienced GPs at reduced economics. The Fund targets diversified middle-market buyout investments across sponsor, industry and geographies, with a focus on building resilient, all-weather portfolios. We employ a defensive investment approach, prioritizing asset quality and downside protection, while capturing meaningful upside potential.
Seed Portfolio Overview
We have 11 deals closed and pending totalling $604 million in commitments and have a very active pipeline. All deals are buyout transactions squarely in the middle market with an average TEV of $772 million. The seed portfolio is diversified across resilient, service-oriented sectors and has been built conservatively with the early assets having a weighted average purchase price multiple of 13.6x adjusted EBITDA and a leverage multiple of 5.0x. All the businesses are growing at double-digit rates across LTM revenue and EBITDA3. As of Q1 2025, three deals have been written up, resulting in a 24% Gross IRR and 19% PF Net IRR.
Market Opportunity
EO VI is well-positioned to capitalize on the favorable direct equity/co-investment market dynamics. In a constrained fundraising environment, GPs are increasingly turning to strategic, scaled co-investors like us to fill capital gaps. We have benefited from this dynamic, having reviewed $39 billion of direct equity deal flow in 2024, a 28% increase from the prior record year. We also continue to see an increase in co-underwrite opportunities, which represented 40% of deal flow received in the first half of 2025. In co-underwrite deals, we act as a strategic partner to the GP, engage in pre-signing, complete diligence alongside the GP, and sign equity commitment letters to help close transactions.
Fundraise Timeline
EO VI will continue to hold rolling closes and remain in market through the end of 2025. The Fund has already committed $604 million across 11 investments and continues to actively deploy capital.
Contact Us
Our team welcomes the opportunity to connect and discuss Equity Opportunities Fund VI in more detail. Please reach out to your Hamilton Lane representative with any questions.
For data room access, please reach contact to EOdataroom@hamiltonlane.com.
**As of September 7, 2025
1As of June 30, 2025. Inclusive of $141.0B in discretionary assets under management and $845.3B in non-discretionary assets under supervision, as of June 30, 2025.
2The 2024 capital committed includes all primary commitments that closed during the year 2024 for which Hamilton Lane retains a level of discretion as well as non-discretionary client commitments for which Hamilton Lane performed due diligence and made an investment recommendation. Direct investments include all discretionary and nondiscretionary direct equity and direct credit investments that closed during 2024. Secondaries includes all discretionary and nondiscretionary secondary investments with a signing date during 2024.
3Growth rates are based on last twelve months (LTM) revenue and EBITDA as of Q1 2025. Past growth rates may not be indicative of future performance
This material is intended for informational purposes only and does not constitute an offer to provide investment advisory services or to invest in any security. Favorable market conditions and co-underwriting opportunities do not eliminate the risks inherent in private equity investing, including the risk of loss, illiquidity, and the speculative nature of such investments.