Hamilton Lane's $5.6B Secondary Fund VI Exclusively Available on Securitize Platform
Rhea-AI Summary
Hamilton Lane and Securitize have announced that qualified investors can now access Hamilton Lane's Secondary Fund VI exclusively through the Securitize platform. The fund, which closed in June 2024 with a record $5.6 billion in commitments, will be available on the Polygon blockchain. This offering follows previous successful tokenized fund launches, including the Equity Opportunities Fund V and the Senior Credit Opportunities Fund (SCOPE).
The Secondary Fund VI tokenized feeder fund significantly reduces the minimum investment from $5 million to $20,000, broadening access to this high-performing asset class. Hamilton Lane's secondary platform now represents approximately $21.0 billion in assets under management as of June 30, 2024. The collaboration aims to leverage blockchain technology to streamline the investment process and remove barriers for individual investors.
Positive
- Hamilton Lane's Secondary Fund VI raised a record $5.6 billion, exceeding its $5 billion target
- The fund is now accessible to individual investors with a lower minimum investment of $20,000
- Hamilton Lane's secondary platform represents approximately $21.0 billion in assets under management
- The collaboration with Securitize expands access to high-performing private market opportunities
Negative
- None.
News Market Reaction
On the day this news was published, HLNE gained 1.58%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Hamilton Lane Secondary Fund VI ("the Fund" or "Fund VI") held its final close in June 2024, raising a firm record
Fund VI represents the latest in a series of innovative investment products from Hamilton Lane and Securitize, following the successful launch of previous tokenized funds.
- Securitize and Hamilton Lane announced in January 2023 that individual investors could access Hamilton Lane's flagship direct equity fund, Equity Opportunities Fund V.
- In May 2023, the firms announced a new Hamilton Lane feeder fund offering exposure to Hamilton Lane's evergreen private credit fund, the Senior Credit Opportunities Fund (SCOPE).
Similar to the other funds, the Secondary Fund VI tokenized feeder fund significantly broadens access to a high-performing asset class, with minimum investments reduced from the typical
Tom Kerr, Co-Head of Investments and Global Head of Secondary Investments at Hamilton Lane, commented: "We are excited to extend access to Secondary Fund VI, building on the historical success of our secondary platform to bring Hamilton Lane's premier institutional secondary offering to individual investors.
The circumstances driving appetite for liquidity via the secondary market continue to grow, and we sit in a compelling position with what we believe is one of the most experienced and cohesive secondary platforms. Fund VI is a continuation of our longstanding secondary franchise, and we continue to focus on finding differentiated secondary opportunities at attractive inflection points where we have familiarity and a competitive angle."
"This collaboration with Hamilton Lane continues our track record to bring the transformative power of blockchain technology to the financial industry," said Carlos Domingo, Co-Founder and CEO, Securitize. "By digitizing the investment process, we are removing barriers and making it easier for more investors to participate in high-quality private market opportunities."
Hamilton Lane has been active in the secondary space for more than 24 years, aiming to provide investors with significant capital appreciation by delivering attractive risk-adjusted returns. Today, the firm's secondaries platform represents approximately
For more information about the Secondary Fund VI feeder fund and how to invest, please visit the Securitize platform.
*Total secondary AUM includes discretionary and non-discretionary active commitments as of June 30, 2024.
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 700 professionals operating in offices throughout
About Securitize
Securitize, the leader in tokenizing real world assets, is driving the compliant digitization of financial assets through next generation blockchain technology. Securitize, or through its subsidiaries, is a registered broker dealer (member SIPC) and operates a primary marketplace, an alternative trading system as well as a top 10 transfer agent and has an exempt reporting adviser. Learn more at http://www.securitize.io.
Media Contact:
Kate McGann
kmcgann@hamiltonlane.com
Tom Murphy
tom@paragonpr.com
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SOURCE Securitize
FAQ
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