Hamilton Lane raises $1.3B at first close of seventh secondaries fund
What's the deal? Hamilton Lane has raised roughly $1.3 billion at the first close of its seventh secondaries fund, the firm's largest fund to date. The vehicle will invest across direct secondaries, company-led tender offers, bespoke structured investments, and select primary financings in growth-stage tech companies.
What else is coming? The firm is also in the market with its debut GP-led strategy. It anticipates a first close before the end of 2026.
Why now? Secondaries fundraising is running hot. Adams StreetDealroom has a profile for this one. Try Dealroom → recently closed its eighth global secondary fund at $2.7 billion — 35% above target — while other managers continue building dedicated LP-interest and GP-led vehicles.
The signal: With exits scarce and distributions slow, investors are turning to secondaries to generate liquidity. Hamilton Lane's record fund, paired with a new GP-led strategy, shows large managers are widening their playbook to capture that demand.
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Read more: Secondary Link
