Business
Hamilton Lane Expands Sustainable Investment Platform, Raising More than $850 Million with Close of Second Impact Fund and Across Separately Managed Accounts
Impact Fund II, the latest in Hamilton Lane's flagship impact series, closed on $370 million in capital commitments; growth of more than 375% over prior
About this update from Hamilton Lane Incorporated
[{"type":"text","content":"Impact Fund II, the latest in Hamilton Lane's flagship impact series, closed on $370 million in capital commitments; growth of more than 375% over prior fundTotal platform assets focused on sustainable investment strategies increased by more than $850 million since the firm began fundraising for Impact Fund II in early 2021Hamilton Lane is emerging as a leader in sustainable and impact strategies as these themes grow throughout the private marketsCONSHOHOCKEN, Pa., May 23, 2023 /PRNewswire/ -- Leading private markets investment management firm Hamilton Lane (Nasdaq: HLNE) today announced that since early 2021, it has raised more than $850 million of impact and sustainable capital, including the final closing of Hamilton Lane Impact Fund II (\"Fund II\" or \"the Fund\"). This final close brings total commitments to the Fund to $370 million, more than 3.75 times larger than its predecessor fund. In addition to the capital raised directly by the Fund, during the same period Hamilton Lane also raised over $500 million of sustainable-focused investment capital within separate accounts as part of its broader sustainable investment platform.\nFund II is a closed-end investment vehicle that aims to generate attractive private equity returns alongside positive social and environmental impact. The Fund invests in businesses around the world with a focus on clean energy transition, sustainable processes, health and wellness and/or community development. Leveraging Hamilton Lane's broad network and extensive platform of deal flow and GP relationships, Fund II is focused on making direct investments across geographies and strategies—including buyout, growth, late-stage venture and real assets.\nThe Fund has made a total of nine investments thus far, with a specific emphasis on growth investments that leverage transformative technologies, innovation and efficiency. Initial investments have been within varied sectors including products focused on: smart and efficient cities; online workforce training and education; design and manufacture of wind turbines and energy storage systems; and carbon tracking and management. Although not necessarily indicative of future results, the Fund has had strong performance out of the gate, breaking the J-curve in just three quarters. Additional pipeline opportunities across the platform remain plentiful, with ...