Hamilton Lane (NASDAQ: HLNE), a Bala Cynwyd, Penn.-based private markets asset management firm (NASDAQ: HLNE), closed an impact fund with total capital commitments of more than $95m.
The Hamilton Lane Impact Fund’s investor base is comprised of a diverse mix of limited partners, including large private pension funds, financial institutions, high-net-worth individuals, endowments and other institutions.
The vehicle has a dual focus designed to generate both attractive investment returns and positive social and environmental impact. It will invest in businesses globally through direct investments and primary or secondary investments, with a focus on the core impact sectors of health and wellness, energy and environment, community development, and financial empowerment.
Leveraging Hamilton Lane’s broad network and platform of deal flow and GP relationships, the fund will seek investments across diversified private markets strategies—including buyout, growth, venture and real assets—that generate meaningful and measurable impact. It will primarily focus investments in the developed markets, with the opportunity to impact the emerging markets through companies with global operations.