Private markets investment management firm Hamilton Lane (Nasdaq: HLNE) announced the final closing of Hamilton Lane Strategic Opportunities Fund VIII.
The Fund represents approximately $700 million in commitments “from a wide range of institutions, including over 50 investors across North America, Asia, EMEA and Latin America.”
The Strategic Opportunities platform is “designed to offer investors diversified access to private credit through a flexible strategy that invests across the capital structure, while prioritizing downside protection, shorter duration investments, and cash yield.”
Raised on an annual basis, this series of Funds is “well positioned to take advantage of the current market environment.”
Nayef Perry, Global Head of Direct Credit, commented:
“We continue to experience a lender-friendly environment and despite a more muted M&A backdrop, Hamilton Lane’s scale has positioned us for what we expect to be another year of record deal flow. Our Strategic Opportunities funds are designed to be flexible and to identify attractive risk adjusted opportunities in continuously evolving markets while seeking to consistently deliver yield, short duration, and downside protection.”
Emily Nomeir, Managing Director, Direct Credit Investments, said:
“As we reflect on the final closing of the eighth vintage of the Strategic Opportunities Fund series, we are extremely grateful for the continued support from our investors, many of whom have invested across multiple vintages. We remain committed to providing solutions for investors of all types and will seek to continue to leverage the Fund’s flexible approach to identify compelling opportunities.”
Hamilton Lane has been “an active investor in targeted strategies, including credit-oriented direct investments and co-investments.”
The Strategic Opportunities Fund series is “part of the firm’s existing broader credit platform, which has more than a 20-year long history of offering investors differentiated strategies and fund structures. Today, the credit platform represents over $64 billion in assets under management and supervision as of December 31, 2023.”
As noted in the update, Hamilton Lane (Nasdaq: HLNE) clams it is “one of the largest private markets investment firms globally, providing innovative solutions to institutional and private wealth investors around the world.”
Dedicated exclusively to private markets investing for more than 30 years, the firm currently employs nearly 700 professionals operating “in offices throughout North America, Europe, Asia Pacific and the Middle East.”
Hamilton Lane has approximately $903 billion “in assets under management and supervision, composed of $120 billion in discretionary assets and nearly $783 billion in non-discretionary assets, as of December 31, 2023.”
Hamilton Lane specializes in “building flexible investment programs that provide clients access to the full spectrum of private markets strategies, sectors and geographies.”