Hamilton Lane Closes Two Small Business Credit Funds at $290M

Hamilton Lane, a private markets investment manager, closed two small-business credit funds, one focused on New York, Hamilton Lane New York SBIC Fund II LP, and the other on the wider US, Hamilton Lane National Small Business Credit Fund LP, totaling $290 million.

The firm launched New York SBIC Fund I in 2015, with the goal of driving development and advancing small businesses in New York State. Building on the first SBIC offering, the new funds were launched in 2022 and seek to provide loans to lower middle market businesses with EBITDA ranging from $3 million to $25 million.

“Amidst a tighter lending environment for businesses of this size, our SBIC platform is uniquely positioned to provide funding to companies and regions that would otherwise have limited access to private capital,” said Trevor Messerly, managing director, Direct Credit Investments at Hamilton Lane.

Hamilton Lane has nearly $818 billion in assets under management and supervision, composed of $117 billion in discretionary assets and approximately $701 billion in non-discretionary assets, as of June 30.