Hamilton Lane Closes Inaugural Impact Fund

BALA CYNWYD, Penn., July 01, 2020 (GLOBE NEWSWIRE) — Leading private markets asset management firm Hamilton Lane (NASDAQ: HLNE) today announced the final closing of the Hamilton Lane Impact Fund (the “Fund”) with total capital commitments of more than $95 million. The Fund has a dual focus designed to generate both attractive investment returns and positive social and environmental impact.
The Fund will invest in businesses globally through direct investments and primary or secondary investments, with a focus on the core impact sectors of health and wellness, energy and environment, community development, and financial empowerment. Leveraging Hamilton Lane’s broad network and robust platform of deal flow and GP relationships, the Fund will seek investments across diversified private markets strategies—including buyout, growth, venture and real assets—that generate meaningful and measurable impact.Jackie Rantanen, Managing Director and Head of Product Management at Hamilton Lane, commented: “We are pleased to announce the close of the Hamilton Lane Impact Fund, which underscores our longstanding commitment to this space and our focus on generating both attractive returns and positive impact for our clients. As impact investing continues to gain attention and traction from all investor types, the private markets industry has responded in kind, helping address some of the world’s most pressing environmental and social challenges, while seeking to generate meaningful returns.”“Hamilton Lane’s platform, scale and data expertise give us a powerful advantage in identifying and executing on attractive investment opportunities aimed at benefitting society, such as through quality jobs and employment, reduced greenhouse gas emissions, efficient infrastructure and access to quality education and healthcare for underserved populations. We’re honored that our approach to impact investing continues to resonate with the investor community and market at large,” she said.The Fund will primarily focus investments in the developed markets, with the opportunity to impact the emerging markets through companies with global operations. The Fund’s investor base is comprised of a diverse mix of limited partners, including large private pension funds, financial institutions, high-net-worth individuals, endowments and other institutions.Hamilton Lane has been creating targeted impact strategies for clients for nearly 20 years. While this Fund represents the first commingled vehicle of its kind for the firm, it is an extension of Hamilton Lane’s broader product suite, which includes more than $69 billion in assets under management as of March 31, 2020.About Hamilton Lane
Hamilton Lane (NASDAQ: HLNE) is a leading alternative investment management firm providing innovative private markets solutions to sophisticated investors around the world. Dedicated to private markets investing for 28 years, the firm currently employs approximately 400 professionals operating in offices throughout the Americas, Europe, Asia-Pacific and the Middle East. Hamilton Lane has approximately $503 billion in assets under management and supervision, composed of approximately $69 billion in discretionary assets and over $434 billion in advisory assets, as of March 31, 2020. Hamilton Lane offers a full range of investment products and services that enable clients to participate in the private markets asset class on a global and customized basis. For more information, please visit www.hamiltonlane.com or follow Hamilton Lane on Twitter: @hamilton_lane.
Forward-Looking StatementsSome of the statements in this release may constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. Words such as “will,” “expect,” “believe,” “estimate,” “continue,” “anticipate,” “intend,” “plan” and similar expressions are intended to identify these forward-looking statements. Forward-looking statements discuss management’s current views. All forward-looking statements are subject to known and unknown risks, uncertainties and other important factors that may cause actual results to be materially different. For more information regarding the risks and uncertainties that we face, you should refer to the “Risk Factors” detailed in Part I, Item 1A of our Annual Report on Form 10-K for the fiscal year ended March 31, 2020 and in our subsequent reports filed from time to time with the SEC. The forward-looking statements included in this release are made only as of the date hereof. We undertake no obligation to update or revise any forward-looking statement as a result of new information or future events, except as otherwise required by law.Media Contact
Kate McGann
[email protected]
+1 240 888 4078
Investor Contact
John Oh
[email protected]
+1 610 617 6026 
 


Bay Street News

Contact Us

We're not around right now. But you can send us an email and we'll get back to you, asap.

Not readable? Change text. captcha txt

Start typing and press Enter to search