Private markets asset management firm Hamilton Lane announced today the interim fund close of its recently launched socialSocial criteria examine how it manages relationships with employees, suppliers, customers, and the communities where it operates. More and environmentalEnvironmental criteria consider how a company performs as a steward of nature. More impact-focused fund, Hamilton Lane Impact Fund II, achieving $198.5 million in commitments.
Impact Fund II, launched in April, seeks to make direct investments across geographies and strategies, including buyout, growth, late-stage venture, credit and real assets, with an emphasis on investments in transformative technologies, innovation and efficiency. Investments include companies that focus on clean energy transition, sustainable processes, health and wellness and community development.
At nearly $200 million, the fund has already more than doubled the size of its predecessor fund, Impact Fund I, which announced its final close in July 2020 with over $95 million committed.
Jackie Rantanen, Managing Director and Co-Head of Impact at Hamilton Lane said:
“The increased interest in impact investing strategies remains strong as evidenced by the continued momentum in our fundraise results for Fund II. In just the last five months, Fund II eclipsed the size of our first dedicated impact vehicle, as our clients around the world continue to invest in an effort to both make the world a better place and to maximize portfolio returns.”
According to Hamilton Lane, Impact Fund II’s investments to date span a range of geographies and sectors, and include areas such as online workforce training and education, design and manufacture of wind turbine energy and storage systems, and carbon tracking and management.
David Helgerson, Managing Director and Co-Head of Impact at Hamilton Lane, said:
“As investors look for more ways to make a positive impact with their investment dollars, Hamilton Lane’s 30-year history in private markets offers a pathway aiming to achieve this objective without losing sight of investment performance. Our investment teams – with unparalleled private markets access and high-caliber analytics capabilities – have the skills and ability to invest in what we believe are promising companies from a robust pipeline.”
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