Hamilton Lane Closes $700M Credit Strategy
Hamilton Lane, a private markets investment firm, has completed fundraising for Hamilton Lane Strategic Opportunities Fund VIII, garnering $700 million in commitments and bringing the total raised to $4.9 billion.
The strategic opportunities platform is designed to offer investors access to private credit through a strategy that invests across the capital structure while prioritizing downside protection, shorter duration investments and cash yield.
“We continue to experience a lender-friendly environment and despite a more muted M&A backdrop, Hamilton Lane’s scale has positioned us for what we expect to be another year of record deal flow,” said Nayef Perry, global head of direct credit.
The most recent vintage did not reach the same levels as its predecessors; Fund VII closed at $953 million in 2022 and Fund VI closed with $900 million in commitments in 2021.
As of December 31, 2023, the Hamilton Lane credit platform had more than $64 billion under management and supervision as of the end of 2023.