Hamilton Lane held the final close of its fifth co-investment, direct equity fund with roughly $2.1 billion in committed capital, making it the largest dedicated vehicle for the Conshohocken, Penn.-based firm.
Hamilton Lane Equity Opportunities Fund V is focused on offering diversified exposure to unique and differentiated deals through an efficient fee structure. Hamilton Lane’s direct equity platform since mid-2020 has raised roughly $3.7 billion.
The $824 billion firm’s latest fund is supported by a team of 30 investment professionals and is an extension of Hamilton Lane’s broader direct equity platform that spans over $13 billion in discretionary assets including commingled co-investment funds and discretionary separate accounts.
“Our ability to successfully raise the Fund demonstrates both the power of our scale and platform, and our clients’ conviction in our ability to execute,” said Demetrius Sidberry, managing director on the direct equity investment team. “Our 26-year track record of strong performance and transactional expertise has helped to make us a trusted partner to leading GPs, and our platform has provided unique access for LPs to this area of the private markets.”
According to Jeff Armbrister, head of direct equity investments at Hamilton Lane, the new fund has already made progress with investments in hard-to-reach direct SMID buyout and growth equity deals, alongside best-in-class managers.
