Hamilton Lane, a private markets investment management firm, has announced that it successfully raised more than $850m of impact and sustainable capital since early 2021.
This significant financial milestone strengthens the firm’s stance as a dominant player in the field of sustainable investing.
The fund-raising included the final closing of Hamilton Lane Impact Fund II, also known as “Fund II”, that brought total commitments to the fund to $370m. This figure is more than 3.75 times larger than its predecessor fund. Beyond the capital raised directly by the Fund II, Hamilton Lane also secured over $500m of sustainable-focused investment capital within separate accounts during the same period.
Hamilton Lane’s Fund II is an investment vehicle designed to generate attractive private equity returns alongside positive social and environmental impact. The fund’s investment strategy targets businesses around the globe that are focussed on clean energy transition, sustainable processes, health and wellness, and community development. It leverages Hamilton Lane’s extensive network and broad platform of deal flow and GP relationships to make direct investments across various geographies and strategies.
With the newly raised funding, the company plans to reinforce its sustainable investment platform. The fund has so far invested in nine businesses, focusing particularly on growth investments that leverage transformative technologies, innovation, and efficiency. These investments are diversified across sectors such as smart and efficient cities, online workforce training and education, design and manufacture of wind turbines and energy storage systems, and carbon tracking and management.
Managing Director and Co-Head of Impact at Hamilton Lane, David Helgerson, said, “Across our sustainable investment platform we are seeing a broad and diverse spectrum of investment opportunities in companies that offer compelling economic solutions to the problems of the world today. Our team is focused on investing in innovative businesses that are at an inflection point in their growth and that seek to deliver positive environmental and social outcomes.”
Further expressing his optimism, Andrew Durante, Product Specialist for the Hamilton Lane Impact Platform, added, “This is an exciting time in the impact market, with strong investor interest and record deal flow within the strategy. We are thankful for the continued commitment and support from our terrific base of LPs from around the world, as we now turn our focus to leveraging Hamilton Lane’s unique access and platform to invest in opportunities that aim to drive meaningful impact alongside strong returns.”
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