Hamilton Lane (NASDAQ: HLNE), one of the largest private markets investment firms in the world, has listed its Equity Opportunities Fund V, on the digital securities platform Securitize. Going forward, Securitize and Hamilton Lane plan to launch two additional feeder funds in the coming months.
The digital fund is tokenized on the Polygon blockchain. Like other digital securities platforms, by leveraging distributed ledger technology (DLT), the Fund is able to drop minimum investments from an average of $5 million to $20,000, according to Hamilton Lane.
Equity Opportunities Fund V includes Hamilton Lane’s direct equity platform, which has raised around $3.7 billion. The Fund currently comprises of 30 investments in mostly “mission-critical businesses.”
The Fund will be accessible to qualified purchasers with at least $5 million in invested assets, of which there are approximately two million in the U.S.
Carlos Domingo, co-founder and CEO of Securitize, said the tokenized fund is a major next step in the democratization of private markets. Domingo added that private equity has outperformed the S&P 500 by 70% over the past 20 years.
Colin Butler, Global Head of Institutional Capital at Polygon Labs, added that the application of blockchain will make a difference in financial opportunity. Butler said that Polygon “makes these asset classes accessible, secure, and scalable,” describing the DLT as becoming the home of global financial markets.
Following the announcement of the new digital offering, Jamie Finn, co-founder of Securitize, commented on the tokenized fund in a series of Tweets clarifying certain terms in the offering documents.
1/7 Yesterday we launched a new fund with @hamilton_lane and in the fund docs we talk about MOIC and IRR so I thought I would take a minute to explain them
— 🙈 Jamie Finn (@finnstr) February 2, 2023
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