Hamilton Lane fund taps into early private markets opportunities

Private markets investment specialist, Hamilton Lane, has made a new addition to its evergreen offering with a new fund designed for high-net-worth (HNW) and institutional investors, targeting early growth and venture opportunities in private markets.

The Hamilton Lane Global Venture Capital and Growth Fund (HLGVG), now available in Australia, New Zealand, Canada and parts of Europe, Asia, Latin America, and the Middle East, allows investors to gain access to the firm’s flagship global venture capital investment platform that primarily targets opportunities in “disruptive technologies and innovative businesses”.

The fund’s expanded launch across other regions follows its entrance onto the US market earlier this year in the effort to meet elevated demand from investors for diverse private markets opportunities. The fund’s local iteration will continue to harness Hamilton Lane’s expertise in private markets co-investments and secondaries and offers a diversified portfolio across vintage year, transaction type, manager, strategy and geography.

“With companies choosing to stay private for longer, many of the most attractive investment opportunities today can only be found in the private markets, an important segment of which is the venture and growth space,” Matthew Pellini, Co-Head of Venture Capital and Growth Equity at Hamilton Lane, said.

“By capitalising on disruptive innovations in established and emerging market segments, the HLGVG portfolio aims to offer an edge in adaptation to new technological advancements, like AI as it drives a wave of growth in tech businesses.”

The fund will also leverage the firm’s HL Innovations initiative, encompassing its arsenal of proprietary data, technology and artificial intelligence (AI) capabilities, to back its portfolio management.

“After launching our first evergreen fund in 2019, we continue to expand the strategies available to our investors around the world,” James Martin, Head of Global Client Solutions at Hamilton Lane, said.

“We believe these structures will play an increasingly important role in many sophisticated investors’ portfolios. Our launch of HLGVG, one of the few venture-focused evergreen products globally, allows clients to participate in the most inaccessible part of the private markets.”

HLGVG will accompany Hamilton Lane’s existing $117.8 billion in assets under management (AUM), $13 billion of which is attributed to its evergreen platform.