Hamilton Lane announced it has reached a final close for Hamilton Lane Infrastructure Opportunities Fund II, with $1.5 billion in commitments to the fund and nearly $400 million more committed through related vehicles, bringing total commitments to nearly $2 billion. The firm said the raise exceeded the vehicle’s $1.25 billion target and, including related commitments, is more than three times the size of its predecessor, Hamilton Lane Infrastructure Opportunities Fund I.
The firm said the strategy is designed to pursue direct co-investments and secondary opportunities with a continued focus on the middle market, targeting diversified exposure and a mix of income and total return. Hamilton Lane said demand was supported by a high re-up rate from prior fund investors and expanded participation from more than 30 new investors globally, with notable growth across Asia and the Middle East, alongside increased representation from the Americas and Europe. Limited partners cited by the firm include public and private pensions, Taft-Hartley plans, foundations and endowments, private wealth and family offices, insurance companies, and asset managers.
Hamilton Lane said the fund has committed about 40% of its capital across 14 deals, with a portfolio diversified across asset types, sectors, and geographies. The firm cited examples spanning GP-led and LP secondary transactions and non-control direct positions, including Cold-Link Logistics, Flexential, and Dispatch Energy.
The close adds to a platform the firm said has been investing in infrastructure for more than 25 years, across commingled funds, evergreen vehicles, and separately managed accounts. Hamilton Lane said its infrastructure platform includes nearly 200 GP relationships and represents more than $87 billion in assets under management and supervision as of September 30, 2025. The firm also reported total assets under management and supervision of $1.0 trillion as of September 30, 2025, including $145.4 billion in discretionary assets and $859.8 billion in non-discretionary assets. Hamilton Lane’s shares trade on Nasdaq under the ticker HLNE.
KEY QUOTES
“We are thrilled to announce the successful final close of the Fund, a significant milestone for our infrastructure platform, and are incredibly grateful for the support that we have received from our global investor base. The megatrends shaping the global economy – including digitization and AI, power delivery, supply chain optimization, and resource efficiency – are fundamentally underpinned by infrastructure. We believe these structural trends create a target-rich landscape for our global mid-market strategy, and we will continue to leverage our access and information advantages to find compelling opportunities for our investors.”
Brent Burnett, Global Head of Infrastructure and Real Assets at Hamilton Lane
