Investment management firm Hamilton Lane has closed its Hamilton Lane Strategic Opportunities Fund V, which represents more than $760 million in commitments from a wide range of global LPs including repeat as well as new investors from Asia, the Middle East, Europe and North and South America.
Consistent with previous funds, this Fifth Series fund is focused on making credit-oriented investments with consistent cash yield, shorter duration and attractive risk-adjusted returns. Consistent with previous vehicles, the Fund comprises a diverse set of institutions, including Taft-Hartley pension funds, insurance companies, high-net-worth individuals and endowments and foundations.
“As an asset class, private credit continues to evolve. Growing LP interest in the space has generally been driven by the yield and return characteristics, which are also differentiated in the context of a broader private markets portfolio,” said Hamilton Lane Managing Director and Global Head of Private Credit Drew Schardt.
While this vehicle represents the fifth of its kind, it is an extension of Hamilton Lane’s broader credit platform, which the firm has been building for over 20 years and which represents more than $34 billion in assets under management and supervision as of March 31, 2019.