Hamilton Lane has announced the launch of two new evergreen funds: The Hamilton Lane Global Private Infrastructure Fund (HLGPI) and The Hamilton Lane Private Infrastructure Fund (HLPIF).
According to the firm, HLGPI is available to qualified investors, including high-net-worth investors and their wealth advisers in Australia, in addition to EMEA, Canada, Latin America and Southeast Asia.
HLPIF, meanwhile, is a continuously offered closed-end investment vehicle registered, although it is currently only available to US clients.
Both funds are total return strategies that target capital appreciation and income and are designed to provide exposure to an institutional-quality, global portfolio of infrastructure assets through a single investment.
Specifically, they seek to capitalise on opportunities across the power, transportation, data and telecommunications, environmental and energy sectors.
“Infrastructure is one of the fastest-growing asset classes in the private markets, underpinned by the fundamentally infrastructure-enabled themes of energy transition and the continued rollout of AI which we believe will continue to create investment opportunities for years to come,” said Brent Burnett, head of infrastructure and real assets.
“Hamilton Lane is one of the largest investors in private infrastructure globally on a discretionary and supervisory basis, and the funds aim to build on the success of our broader platform by offering unique access and expertise across infrastructure sectors, asset types and geographies to private wealth and institutional investors around the world.”
The firm clarified that HLGPI and HLPIF aim to deliver attractive returns and downside protection, paired with liquidity in the form of monthly or quarterly redemptions.
Expounding on this, Hamilton Lane said the investment vehicles will focus on core plus and value-add infrastructure assets that share the traditional characteristics of infrastructure, including high barriers to entry and durable cash flows through contracted revenue streams.
“Since the launch of our evergreen platform in 2019, we have steadily expanded upon our commitment to enable access for a broader set of investors to the private markets,” said Steve Brennan, head of private wealth solutions.
“Today, with the additions of HLPIF and HLGPI, our evergreen platform now includes five funds across multiple strategies, serving hundreds of investors around the world and with a net asset value of approximately $8.1 billion.”
Earlier this month Hamilton Lane also announced the launch of its Senior Credit Opportunities Fund (SCOPE) in Australia, a senior private credit vehicle targeting floating-rate, senior secured loans.
According to the firm, SCOPE bolsters a two-year track record, with the fund already available to investors in Canada, Europe, Latin America and Southeast Asia.
