Hamilton Lane announces fund closure after target | Australian Markets

Personal markets investment specialist, Hamilton Lane, has introduced the closure of its Enterprise Entry Fund (VAF) after it obtained 23 per cent more in commitments over its $500 million goal.

With a complete of $613.5 million dedicated, the fund hosts a enterprise portfolio of sturdy performing, oversubscribed funds and firms that includes a selection of main and secondary transactions that intends to “accelerate capital back to investors and mitigate the J-curve, providing Limited Partners with a fee-efficient, best-in-class venture capital (VC) solution”.

The fund leverages Hamilton Lane’s experience in enterprise and growth equity, with close to $117 billion in property underneath management (AUM) and property underneath administration (AUA), and is the supervisor’s first globally distributed enterprise product.

“We are thrilled to announce the final close of the inaugural Venture Access Fund, which surpassed our target fund size despite the difficult fundraising environment,” Miguel Luina, Co-Head of Enterprise and Progress Fairness at Hamilton Lane, mentioned.

“This achievement is a testomony to the boldness our shoppers and buyers have in our means to entry premier enterprise alternatives and navigate a dynamic market.

“VAF represents a distinctive alternative for buyers to gain publicity to what we imagine to be best-in-class enterprise capital managers, breakout firms, well-priced secondaries and high-potential co-investments.

“Our institutional approach to portfolio construction and strong relationships aimed to deliver a high-quality experience to investors of all types.”

Hamilton Lane mentioned the fundraise for VAF was primarily targeted round a choose group of buyers, together with public and company pension funds, financial establishments, Taft-Hartley plans, household workplaces and foundations and endowments.

“For those with scale, expertise and strong relationships, the current VC market presents compelling opportunities, driven by active company formation and rapid value creation from AI and other disruptive technologies, and lower overall capital availability,” Matt Pellini, Co-Head of Enterprise and Progress Fairness at Hamilton Lane, mentioned.

“Specifically, the opportunity set within the secondary market is robust, as the trend of companies staying private longer persists, causing existing shareholders to seek alternative methods of liquidity.”