Hamilton Lane Launches Two Interval Funds Across Private Credit and Private Infrastructure, Leveraging Extensive Expertise and Deep Track Records

Rhea-AI Summary

Hamilton Lane (Nasdaq: HLNE) launched the Hamilton Lane Credit Income Fund (HLCIF) and converted the Hamilton Lane Private Infrastructure Fund (HLPIF) to interval fund structures on April 22, 2026. Both offer 1099 reporting, daily NAV, quarterly limited liquidity and minimums as low as $2,500 in certain share classes. HLCIF has > $350 million in commitments; HLPIF adds a tokenized access option via Republic and continues a co‑investment and secondaries infrastructure strategy.

Positive

• $350 million in commitments to HLCIF as of April 20, 2026
• Investment minimums as low as $2,500 in certain share classes
• Interval structure offers 1099 tax reporting and daily NAV
• HLPIF available in a tokenized format via Republic
• Leverages Hamilton Lane’s $90 billion platform and multi‑manager network

Negative

• Funds provide only quarterly limited liquidity, not daily redemptions
• Underlying private credit and infrastructure assets remain inherently illiquid

News Market Reaction – HLNE

-0.13%

-0.13% Session close to close

In the Apr 22 session, HLNE declined 0.13%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement expands Hamilton Lane’s evergreen platform by launching HLCIF and converting HLPIF...

Analysis

This announcement expands Hamilton Lane’s evergreen platform by launching HLCIF and converting HLPIF into interval fund structures, offering 1099 tax reporting, quarterly repurchases and minimums as low as $2,500. Early interest includes more than $350 million in HLCIF commitments, leveraging over 20 years of credit experience and a $90 billion infrastructure platform. Investors may watch subsequent fundraising updates, asset growth across the nearly $18 billion evergreen suite, and how tokenized access to HLPIF via Republic affects distribution and liquidity expectations.

Key Figures

Investment minimum: $2,500 HLCIF commitments: More than $350 million Credit experience: 20+ years +5 more

8 metrics

Investment minimum $2,500 Certain share classes for interval funds

HLCIF commitments More than $350 million Commitments as of April 20, 2026

Credit experience 20+ years Direct credit investing experience supporting HLCIF

GP relationships More than 400 Active GP relationships within private credit platform as of 1/31/26

Infrastructure platform size $90 billion Platform including AUM and assets under supervision as of 12/31/26

Infrastructure AUM $7.6 billion Assets under management as of 12/31/26

Infrastructure AUS $82.2 billion Assets under supervision as of 12/31/26

Evergreen AUM Nearly $18 billion Assets under management across 12 evergreen funds as of early 2026

Historical Context

5 past events · Latest: Apr 20 (Positive)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Apr 20	Senior promotions	Positive	+0.1%	Announced over 25 senior promotions and appointments across key functions.
Apr 08	Acquisition update	Neutral	-2.4%	Cosette acquisition of Assertio assets mentioned within broader sector context.
Apr 06	Credit facility growth	Positive	+1.3%	Vero Fiber expanded committed credit facility to $425 million with accordion.
Mar 24	Interval fund effective	Positive	-2.4%	SEC declared Hamilton Lane Credit Income Fund as firm’s first interval fund effective.
Mar 19	Real estate recap	Positive	-1.6%	Recapitalization of Tenaya Village retail center with Hamilton Lane as majority owner.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Recent strategically positive announcements have often seen mixed or negative next-day reactions, indicating frequent divergence between news tone and price response.

Recent Company History

Over the past month, Hamilton Lane issued several strategic updates, including senior promotions on Apr 1, 2026, expansion of Vero Fiber’s credit facility to $425 million, and SEC effectiveness for its first interval fund on Mar 24, 2026. The company also participated in a Las Vegas retail recapitalization. Price reactions to these largely growth-oriented or operationally positive headlines often skewed negative, suggesting investors weighed execution and valuation risks even as the firm broadened its platform. Today’s interval fund launches build on that product-expansion trajectory.

Key Terms

interval fund, daily NAV pricing, investment company act of 1940, tokenized, +4 more

8 terms

interval fund financial

"launch of the Hamilton Lane Credit Income Fund ("HLCIF") and the conversion of the Hamilton Lane Private Infrastructure Fund ("HLPIF") to an interval fund structure."

An interval fund is a type of investment fund that allows investors to buy and sell shares only at specific times during the year, rather than daily like many other funds. Think of it as a club that opens its doors for trading only during designated periods, giving investors a way to access less liquid assets while still having some control over when they can buy or sell. This structure helps investors access unique investment opportunities that may not be easily available elsewhere.

daily NAV pricing financial

"including 1099 tax reporting, quarterly limited liquidity, daily NAV pricing and investment minimums"

Daily NAV pricing means a pooled investment vehicle (like a mutual fund or certain ETFs) calculates its net asset value — the total value of assets minus liabilities divided by shares outstanding — at the end of each trading day and prices transactions at that value. For investors this provides a once-a-day “true” per-share price useful for tracking performance, fair buying or selling, and comparing funds, much like seeing a bank account balance updated each evening.

investment company act of 1940 regulatory

"Registered under the Investment Company Act of 1940, the interval funds aim to provide"

A U.S. federal law that sets the rulebook for pooled investment vehicles such as mutual funds, exchange-traded funds and similar money managers, requiring them to register with regulators, disclose holdings and fees, limit conflicts of interest, and follow governance standards. It matters to investors because these protections and transparency rules act like a referee and scoreboard, helping people compare funds, trust that managers follow fair practices, and spot hidden costs or risks.

tokenized technical

"HLPIF is now also available in a tokenized format via Republic's digital investment platform."

Tokenized means converting a real-world asset, like property, artwork, or stocks, into digital tokens stored on a computer network. This process makes it easier to buy, sell, or transfer small parts of the asset quickly and securely, much like dividing a property into many tiny pieces that can be traded individually. For investors, tokenization can increase access, liquidity, and flexibility in managing their investments.

co‑investments financial

"existing infrastructure strategy focused on co‑investments and secondaries."

Co‑investments are direct investments made alongside a lead investor or investment fund into a single company or transaction, letting an investor put money into that specific deal instead of only through a pooled fund. They matter because they can offer lower fees, bigger potential returns and more control over one opportunity, but also concentrate risk—like pooling money with others to buy one rental property rather than buying a share in a large property portfolio.

secondaries financial

"existing infrastructure strategy focused on co‑investments and secondaries."

Secondaries are share transactions that occur after a company’s initial public offering, either when the company issues additional new shares or when current shareholders sell their existing shares to new buyers. They matter because additional shares from the company increase the total supply and can reduce each owner’s percentage stake, while large insider sales can change market perception—think of it like extra copies of a limited-edition item appearing for sale, which can affect its price and desirability.

assets under management financial

"Comprised of $7.6 billion in assets under management and $82.2 billion in assets under supervision"

Assets under management (AUM) is the total value of all the investments that a financial company or fund is responsible for overseeing on behalf of its clients. It’s like a big bucket that shows how much money the firm is managing for people or organizations. A higher AUM often indicates a larger, more trusted company, and it can influence how much money they earn and the services they can offer.

assets under supervision financial

"Comprised of $7.6 billion in assets under management and $82.2 billion in assets under supervision"

Assets under supervision are the total value of investments a financial firm oversees or advises on without having full control of the money — the firm monitors performance, gives guidance, or reports on those assets but does not hold the funds outright. For investors, this number shows how much business and potential fee income a firm touches, similar to a consultant advising on a factory’s operations: the consultant influences decisions and earns fees, but doesn’t own or directly manage the machines.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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• The Hamilton Lane Credit Income Fund is now available to institutional and private wealth investors via the interval fund structure
• The firm's Private Infrastructure Fund is now offered in an interval fund structure and is also available in a tokenized format through Republic's digital platform

CONSHOHOCKEN, Pa., April 22, 2026 /PRNewswire/ -- Hamilton Lane (Nasdaq: HLNE) today announced the launch of the Hamilton Lane Credit Income Fund ("HLCIF") and the conversion of the Hamilton Lane Private Infrastructure Fund ("HLPIF") to an interval fund structure.

Structured as interval funds, HLCIF and HLPIF are designed to offer institutional and private wealth investors in the U.S. access to private market strategies with investor‑friendly features, including 1099 tax reporting, quarterly limited liquidity, daily NAV pricing and investment minimums as low as $2,500 in certain share classes. Registered under the Investment Company Act of 1940, the interval funds aim to provide greater flexibility and accessibility to the asset class, while maintaining a conservative investment approach focused on risk management and volatility mitigation. Investors also benefit from quarterly repurchase offers, which seek to provide periodic liquidity without the extended lockups typically associated with closed‑end vehicles.

Beth Nardi, Head of U.S. Private Wealth at Hamilton Lane, commented, "These funds advance our ongoing commitment to expanding access to private markets and enhancing the investing experience, regardless of structure. Our aim is to meet advisors and their clients where they are by providing diversified, high‑quality exposure, greater transparency and streamlined access to private markets."

HLCIF
The firm's Credit Income Fund was declared effective by the SEC last month and has seen strong investor interest thus far, having already reached more than $350 million in commitments¹.

HLCIF provides curated access to a diversified portfolio of middle‑market senior loans, sourced through Hamilton Lane's global multi‑manager platform rather than index‑based exposure. HLCIF is supported by the firm's 20+ years of direct credit investing experience and its extensive global GP network².

HLPIF
Initially launched in October 2024, the Hamilton Lane Private Infrastructure Fund, which has been converted to an interval fund structure, will continue its existing infrastructure strategy focused on co‑investments and secondaries. Building on the firm's $90 billion platform³ and more than 25 years of experience in the infrastructure space, HLPIF seeks to capitalize on unique middle-market opportunities across the telecommunications, transportation, power & energy, environmental and renewables sectors.

In addition, as part of Hamilton Lane's ongoing effort to modernize access to private markets through technology, HLPIF is now also available in a tokenized format via Republic's digital investment platform.

Since launching its global evergreen platform in 2019, Hamilton Lane has built a suite of 12 funds representing nearly $18 billion in assets under management⁴.

¹ Commitments are across strategic institutional and private wealth groups as well as the firm's balance sheet as of April 20, 2026
²Hamilton Lane has more than 400 active GP relationships within its private credit platform as of 1/31/26
³ Comprised of $7.6 billion in assets under management and $82.2 billion in assets under supervision as of 12/31/26
⁴Assets Under Management is calculated as the net asset value (NAV) as of February 28,2026 plus net subscriptions received for the March 2, 2026 trade date for all evergreen funds managed by Hamilton Lane.

About Hamilton Lane

Hamilton Lane (Nasdaq: HLNE) 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 approximately 780 professionals operating in offices throughout North America, Europe, Asia Pacific and the Middle East. Hamilton Lane has $1.0 trillion in assets under management and supervision, composed of $146.1 billion in discretionary assets and $871.5 billion in non-discretionary assets, as of December 31, 2025. Hamilton Lane specializes in building flexible investment programs that provide clients access to the full spectrum of private markets strategies, sectors and geographies. For more information, please visit our website or follow us on LinkedIn.

Important Information

Private markets investments involve significant risks, including illiquidity and the absence of daily market pricing, which may contribute to performance differences versus public benchmarks.

Investors should carefully consider the investment objectives, risks, charges and expenses of the Fund before investing. You should consider the Funds' investment objectives, risks, charges, and expenses carefully before investing. For a prospectus that contains this and other information about the Fund, call 1 (888) 882-8212. Please read the prospectus carefully before investing. Investing in the Fund involves risk including loss of principal.

Past performance does not guarantee future results, and investing in the Hamilton Lane Credit Income Fund and Hamilton Lane Private Infrastructure Fund (the "Funds") involve substantial risk, including the possible loss of principal, may not be suitable for all investors. Shares are speculative, illiquid, and not publicly traded, with limited repurchase opportunities and no expected secondary market. Redemptions may be made in kind and may include hard-to-sell securities. As non-diversified, closed-end interval funds, the Funds will conduct quarterly repurchase offers of at least 5% of outstanding shares, but only a limited portion will be eligible. The Funds should be viewed as a long-term investment suitable only for investors who can tolerate a high degree of risk and do not require liquidity.

HLCIF is newly formed and has no performance history. HLPIF has a limited operating history. The Funds' shares have no history of public trading. Results may be affected by market volatility, interest rate changes, leverage, and other economic factors. Distributions are not guaranteed and may be funded from sources such as borrowings or offering proceeds, which may constitute a return of capital. The Funds' success depends on the Adviser's ability to source suitable investments, including through private underlying vehicles ("Portfolio Funds"), which may involve illiquidity, valuation uncertainty, limited operating histories, unfunded commitments, and reduced transparency. The Funds may also invest in below-investment-grade securities, which carry higher default, valuation, liquidity, and volatility risks. Funds' shares are not government-insured and do not represent a complete investment program. Hamilton Lane Advisors, LLC is the Fund's investment advisor. Distribution Services, LLC serves as the Funds' Distributor and is not affiliated with any of the entities mentioned.

Forward-Looking Statements

Some of the statements in this release may constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. Words such as "will," "expect," "believe," "estimate," "continue," "anticipate," "intend," "plan" and similar expressions, or the negative version of these words or other comparable words, are intended to identify these forward-looking statements. Forward-looking statements discuss management's current expectations and projections relating to, among other things, our financial position, results of operations, plans, objectives, future performance and business. All forward-looking statements are subject to known and unknown risks, uncertainties and other important factors that may cause actual results to be materially different. For more information regarding the risks and uncertainties that Hamilton Lane faces, you should refer to the "Risk Factors" detailed in Part I, Item 1A of our Annual Report on Form 10-K for the fiscal year ended March 31, 2025 and in our subsequent reports filed from time to time with the Securities and Exchange Commission (the "SEC"), which are accessible on the SEC's website at www.sec.gov. The forward-looking statements included in this release are made only as of the date hereof. We undertake no obligation to update or revise any forward-looking statement as a result of new information or future events, except as otherwise required by law.

View original content:https://www.prnewswire.com/news-releases/hamilton-lane-launches-two-interval-funds-across-private-credit-and-private-infrastructure-leveraging-extensive-expertise-and-deep-track-records-302749142.html

SOURCE Hamilton Lane

FAQ

What is the Hamilton Lane Credit Income Fund (HLCIF) and who can invest (HLNE)?

HLCIF is an interval fund offering private credit exposure to U.S. institutional and private wealth investors. According to the company, it provides middle‑market senior loan exposure via the firm’s multi‑manager platform with minimums as low as $2,500 in some share classes.

How much capital has HLCIF raised since launch (HLNE)?

HLCIF has attracted more than $350 million in commitments to date. According to the company, commitments include strategic institutional, private wealth groups and the firm’s balance sheet as of April 20, 2026.

What liquidity and reporting features do the new HLNE interval funds offer?

The interval funds offer quarterly repurchase offers, daily NAV pricing and 1099 tax reporting. According to the company, these features aim to balance periodic liquidity with access to private market strategies.

What does HLPIF’s tokenized format via Republic mean for investors (HLNE)?

HLPIF’s tokenized option provides a digital channel for subscribing through Republic’s platform. According to the company, tokenization is intended to modernize access while preserving the fund’s co‑investment and secondaries infrastructure focus.

How do these fund launches affect Hamilton Lane shareholders (HLNE)?

The launches expand product distribution and broaden private markets access for wealth channels. According to the company, the funds leverage the firm’s platform scale and may grow AUM, but they carry the usual private‑asset liquidity constraints.