#Hamilton Lane #Investment Management #Conshohocken #Venture Access Fund

Hamilton Lane Closes Inaugural Venture Access Fund

Hamilton Lane, a leading global firm in private markets investment management, has achieved a significant milestone with the final closure of its Venture Access Fund (VAF), raising an impressive $615.3 million in commitments. This amount not only exceeds its initial target fund size of $500 million by an extraordinary 23%, but it also reflects the company's solid reputation in navigating a challenging fundraising environment.

The Venture Access Fund is tailored to curate a high-quality venture portfolio, strategically investing in top-performing, oversubscribed funds and companies. This undertaking utilizes Hamilton Lane's extensive platform, the relationships built over nearly 30 years of experience in the industry, and the firm's deep understanding of market dynamics. The VAF aims to mitigate the traditional J-curve often associated with venture investing, ensuring investors experience an accelerated return of capital through a structure that combines both primary and secondary transactions.

Miguel Luina, Co-Head of Venture and Growth Equity at Hamilton Lane, expressed enthusiasm about the fund’s closure, highlighting it as a testament to their clients' confidence in Hamilton Lane's capability to tap into premier venture opportunities. He stated, *“Despite the difficult fundraising environment, we are thrilled to announce the final close of the inaugural Venture Access Fund.