- Strategic Opportunities VIII, the latest in Hamilton Lane's
flagship credit series, closed at $700
million, bringing the total raised across the Fund series to
date to $4.9 billion.
- Annual Fund series is an extension of Hamilton Lane's broader
credit platform, which the firm has been building for over 20
years, representing over $64 billion
in assets under management and supervision as of December 31, 2023.
CONSHOHOCKEN, Pa., March 4,
2024 /PRNewswire/ -- Leading private markets
investment management firm Hamilton Lane (Nasdaq: HLNE) today
announced the final closing of Hamilton Lane Strategic
Opportunities Fund VIII ("the Fund"). The Fund represents
approximately $700 million in
commitments from a wide range of institutions, including over 50
investors across North America,
Asia, EMEA and Latin America.
The Strategic Opportunities platform is designed to offer
investors diversified access to private credit through a flexible
strategy that invests across the capital structure, while
prioritizing downside protection, shorter duration investments, and
cash yield. Raised on an annual basis, this series of Funds is well
positioned to take advantage of the current market environment.
Nayef Perry, Global Head of
Direct Credit, commented: "We continue to experience a
lender-friendly environment and despite a more muted M&A
backdrop, Hamilton Lane's scale has positioned us for what we
expect to be another year of record deal flow. Our Strategic
Opportunities funds are designed to be flexible and to identify
attractive risk adjusted opportunities in continuously evolving
markets while seeking to consistently deliver yield, short
duration, and downside protection."
Emily Nomeir, Managing Director,
Direct Credit Investments, said: "As we reflect on the final
closing of the eighth vintage of the Strategic Opportunities Fund
series, we are extremely grateful for the continued support from
our investors, many of whom have invested across multiple vintages.
We remain committed to providing solutions for investors of all
types and will seek to continue to leverage the Fund's flexible
approach to identify compelling opportunities."
Hamilton Lane has long been an active investor in targeted
strategies, including credit-oriented direct investments and
co-investments. The Strategic Opportunities Fund series is part of
the firm's existing broader credit platform, which has more than a
20-year long history of offering investors differentiated
strategies and fund structures. Today, the credit platform
represents over $64 billion in assets
under management and supervision as of December 31, 2023.
About Hamilton Lane
Hamilton Lane (Nasdaq: HLNE) is one of the largest private
markets investment firms globally, providing innovative solutions
to institutional and private wealth investors around the world.
Dedicated exclusively to private markets investing for more than 30
years, the firm currently employs nearly 700 professionals
operating in offices throughout North
America, Europe,
Asia Pacific and the Middle East. Hamilton Lane has approximately
$903 billion in assets under
management and supervision, composed of $120
billion in discretionary assets and nearly $783 billion in non-discretionary assets, as of
December 31, 2023. Hamilton Lane
specializes in building flexible investment programs that provide
clients access to the full spectrum of private markets strategies,
sectors and geographies. For more information, please visit
www.hamiltonlane.com or follow Hamilton Lane on LinkedIn:
https://www.linkedin.com/company/hamilton-lane.
Forward-Looking Statements
Some of the statements in this release may constitute
"forward-looking statements" within the meaning of Section 27A of
the Securities Act of 1933, Section 21E of the Securities Exchange
Act of 1934 and the Private Securities Litigation Reform Act of
1995. Words such as "will," "expect," "believe," "estimate,"
"continue," "anticipate," "intend," "plan" and similar expressions
are intended to identify these forward-looking statements.
Forward-looking statements discuss management's current
expectations and projections relating to our financial position,
results of operations, plans, objectives, future performance and
business. All forward-looking statements are subject to known and
unknown risks, uncertainties and other important factors that may
cause actual results to be materially different, including risks
relating to: our ability to manage growth, fund performance,
competition in our industry, changes in our regulatory environment
and tax status; market conditions generally; our ability to access
suitable investment opportunities for our clients; our ability to
maintain our fee structure; our ability to attract and retain key
employees; our ability to manage our obligations under our debt
agreements; defaults by clients and third-party investors on their
obligations to fund commitments; our exposure and that of our
clients and investors to the credit risks of financial institutions
at which we and they hold accounts; our ability to comply with
investment guidelines set by our clients; our ability to
successfully integrate acquired businesses with ours; our ability
to manage risks associated with introducing new types of investment
structures, products or services or entering into strategic
partnerships; our ability to manage redemption or repurchase rights
in certain of our funds; our ability to manage, identify and
anticipate risks we face; our ability to manage the effects of
events outside of our control; and our ability to receive
distributions from Hamilton Lane Advisors, L.L.C. to fund our
payment of dividends, taxes and other expenses.
The foregoing list of factors is not exhaustive. For more
information regarding these risks and uncertainties as well as
additional risks we face, you should refer to the "Risk Factors"
detailed in Part I, Item 1A of our Annual Report on Form 10-K for
the fiscal year ended March 31, 2023
and in our subsequent reports filed from time to time with the
Securities and Exchange Commission. The forward-looking statements
included in this release are made only as of the date hereof. We
undertake no obligation to update or revise any forward-looking
statement as a result of new information or future events, except
as otherwise required by law.
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SOURCE Hamilton Lane