Leading global private markets investment management firm Hamilton Lane announced the final closing of its Venture Access Fund, which exceeded its target fund size, raising $615.3 million in commitments.
VAF—which closed 23% over its $500 million target—features a venture portfolio that targets top-performing, oversubscribed funds and companies while utilizing Hamilton Lane’s extensive platform, access, and relationships built over its nearly 30 years of investing in the space.
The fund’s unique composition of primary and secondary transactions is designed to accelerate capital back to investors and mitigate the J-curve, providing Limited Partners with a fee-efficient and best-in-class VC solution.
Building on Hamilton Lane’s extensive track record and nearly $117 billion in AUM and AUA across venture and growth equity, VAF is the firm’s first globally distributed venture vehicle. And this fundraising had centered on attractive venture capital market dynamics and LP demand, with participation from a group of diversified investors, spanning public and corporate pension funds, financial institutions, Taft-Hartley plans, family offices and foundations and endowments.
KEY QUOTES:
“We are thrilled to announce the final close of the inaugural Venture Access Fund, which surpassed our target fund size despite the difficult fundraising environment. This achievement is a testament to the confidence our clients and investors have in our ability to access premier venture opportunities and navigate a dynamic market.”
“VAF represents a unique opportunity for investors to gain exposure to what we believe to be best-in-class venture capital managers, breakout companies, well-priced secondaries and high-potential co-investments. Our institutional approach to portfolio construction and strong relationships aimed to deliver a high-quality experience to investors of all types.”
- Miguel Luina, Co-Head of Venture and Growth Equity at Hamilton Lane
“For those with scale, expertise and strong relationships, the current VC market presents compelling opportunities, driven by active company formation and rapid value creation from AI and other disruptive technologies, and lower overall capital availability. Specifically, the opportunity set within the secondary market is robust, as the trend of companies staying private longer persists, causing existing shareholders to seek alternative methods of liquidity.”
• ⁃ Matt Pellini, Co-Head of Venture and Growth Equity at Hamilton Lane
