US-based private markets investment giant Hamilton Lane has closed its fifth co-investment fund worth $2.1 billion, its largest to date.
The fund, dubbed Hamilton Lane Equity Opportunities Fund V, has received commitments from global LPs, including public pension funds, sovereign wealth funds, Taft-Hartley pension plans, endowments, foundations, high net worth individuals, and other financial institutions.
Its strategy is focused on providing investors with diversified exposure to unique and differentiated deals through an efficient fee structure. Including the latest fund, Hamilton Lane’s direct equity platform has raised approximately $3.7 billion since the outset of the fundraising in mid-2020.
The fund is supported by a dedicated team of 30 direct equity professionals around the world and is an extension of Hamilton Lane’s broader direct equity platform, which includes commingled co-investment funds and discretionary separate accounts, representing over $13 billion in discretionary assets.
“The dynamics of today’s fundraising environment are leading GPs to seek additional sources of direct co-investment capital in deals,” said head of direct equity investments Jeff Armbrister.
Hamilton Lane had closed its fourth co-investment fund worth $1.7 billion in June 2019, the largest at the time.
The global investment firm, which has made fund investments in Southeast Asia’s growth space, last year invested in Singapore-based wealth tech companies ADDX and StashAway, after tokenising its fund on the ADDX exchange.