Hamilton Lane Closes $615M Debut Venture Access Fund

Hamilton Lane announced the final close of its inaugural Venture Access Fund (VAF), raising $615.3 million, surpassing its $500 million target. VAF focuses on top-performing, oversubscribed venture funds and companies, using a combination of primary and secondary transactions to accelerate capital returns and mitigate the J-curve effect.

The fundraise drew interest from public and corporate pension funds, financial institutions, Taft-Hartley plans, family offices, and foundations. The fund benefits from Hamilton Lane’s nearly 30 years of venture investing experience and its $117 billion in assets under management and administration, which span venture and growth equity.

The firm sees compelling opportunities in the current VC market, driven by AI and disruptive technologies, along with robust secondary market opportunities as companies stay private longer.

“VAF represents a unique opportunity for investors to gain exposure to what we believe to be best-in-class venture capital managers, breakout companies, well-priced secondaries and high-potential co-investments,” said Miguel Luina, co-head of venture and growth equity at Hamilton Lane

The Conshohocken, PA-based firm has $956 billion in assets under management and supervision, composed of nearly $135 billion in discretionary assets and over $821 billion in non-discretionary assets, as of December 31, 2024.