Hamilton Lane (NASDAQ: HLNE) today announced the final closing of Hamilton Lane Strategic Opportunities Fund IV. The Fund represents approximately $900 million in commitments from a wide range of global investors, well above the initial target.
The Fund is focused on making credit-oriented investments with consistent cash yield, shorter duration and attractive risk-adjusted returns. Fund IV is comprised of a diverse set of institutions, including Taft-Hartley pension funds, insurance companies, endowments/foundations and high net worth individuals, including a number of existing as well as new investors from Asia, the Middle East, Europe and North and South America.
Drew Schardt, Managing Director and Global Head of Private Credit at Hamilton Lane, commented: “Having been active in the private credit space for nearly two decades, our experience and strong industry relationships continue to drive robust deal volume and enable us to remain highly selective. We believe the Strategic Opportunities platform provides our clients with a unique credit solution and differentiated access to these high-quality private market transactions.”
“Growing LP interest in private credit has been driven by the attractive yield and return characteristics of the asset class, which are also unique in the context of a broader private market portfolio. At the same time, a secular shift in the debt supply dynamics within the middle-market landscape has created a robust opportunity for investors,” Schardt said.
“We’re pleased to welcome a great group of investors – including both new and existing LPs – into our growing private credit program,” said Jackie Rantanen, Head of Product Management at Hamilton Lane. “The structure of this Fund aims to deliver a high level of flexibility and optionality, while enabling LPs to leverage Hamilton Lane’s global platform and opportunity set, which has grown along with the overall expansion of the private credit landscape.”
Hamilton Lane has long been an active investor in targeted strategies, including credit-oriented direct investments and co-investments. While the Fund represents the fourth dedicated vehicle of its kind, it is an extension of Hamilton Lane’s broader credit platform, which the firm has been building for nearly 20 years and represents over $30 billion in assets under management and supervision as of December 31, 2017.
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 26 years, the firm currently employs approximately 340 professionals operating in offices throughout the U.S., Europe, Asia-Pacific, Latin America and the Middle East. With approximately $424 billion in total assets under management and supervision as of December 31, 2017, 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.
