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Sunday, May 26, 2024

Hamilton Lane raises $700m for up to date strategic alternatives fund

Hamilton Lane has closed its newest strategic alternatives fund with round $700m (£551m) in commitments from buyers worldwide.

The personal markets funding agency’s strategic alternatives fund sequence is a part of its broader credit score platform, which has over $64bn in property beneath administration.

Learn extra: Personal debt’s inherent liquidity attracts evergreen managers

Strategic Alternatives VIII, the newest in Hamilton Lane’s flagship credit score sequence, attracted over 50 buyers throughout North America, Asia, EMEA and Latin America. The most recent shut brings the entire raised throughout the fund sequence thus far to $4.9bn.

“We proceed to expertise a lender-friendly surroundings and regardless of a extra muted M&A backdrop, Hamilton Lane’s scale has positioned us for what we anticipate to be one other yr of report deal stream,” mentioned Nayef Perry, world head of direct credit score.

Learn extra: World personal debt fundraising in 2023 barely down from 2022

“Our strategic alternatives funds are designed to be versatile and to determine engaging threat adjusted alternatives in constantly evolving markets whereas searching for to persistently ship yield, brief length, and draw back safety.”

Emily Nomeir, managing director, direct credit score investments, mentioned: “As we replicate on the ultimate closing of the eighth classic of the strategic alternatives fund sequence, we’re extraordinarily grateful for the continued assist from our buyers, lots of whom have invested throughout a number of vintages. We stay dedicated to offering options for buyers of every type and can search to proceed to leverage the fund’s versatile method to determine compelling alternatives.”

Learn extra: Personal debt market to develop to $2.8trn as variety of funds hits report excessive

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