Hamilton Lane Launches Private Secondary Fund in the U.S., Further Expanding Global Evergreen Platform
- Editor
- Mar 3
- 2 min read
Whats Happening:
Hamilton Lane is launching the Hamilton Lane Private Secondary Fund (HLPSF), a continuously offered evergreen investment vehicle registered under the Investment Company Act of 1940. This fund aims to provide U.S. accredited investors, including high-net-worth individuals and their wealth advisors, access to the firm's secondary investment platform.
Key Moves:
Hamilton Lane launches HLPSF, an evergreen secondary fund for U.S. accredited investors
The fund offers potential quarterly liquidity and investment minimums as low as $25,000
HLPSF focuses on high-quality middle market buyout funds and assets with near-term distribution potential
By The Numbers:
Hamilton Lane's secondary platform has $24.1 billion in assets under management and supervision as of December 31, 2024
The firm's broader Evergreen Platform has over $9 billion in NAV as of December 31, 2024
Hamilton Lane has $956 billion in assets under management and supervision as of December 31, 2024
Key Quotes:
"We are thrilled to announce the continued expansion of our evergreen platform with the launch of HLPSF, as we seek to broaden access for a wider set of investors to the value creation opportunities afforded by the private markets." - Steve Brennan, Head of Private Wealth Solutions at Hamilton Lane
"The secondary market today presents an opportunity set that is broader and more attractive than ever, with 2024 hitting a record level of volume." - Ryan Cooney, Managing Director on the Secondary Investment Team
Bottom Line:
Hamilton Lane's launch of the Private Secondary Fund represents a significant expansion of its evergreen platform, providing accredited investors with access to the firm's secondary investment expertise. This move aligns with the growing trend of democratizing private market investments and capitalizing on the attractive opportunities in the secondary market.
Comments