Private markets asset management firm Hamilton Lane announced the first close of its social and environmental-focused Hamilton Lane Impact Fund II, reaching $149 million. Launched in April 2021, the fund has already surpassed its predecessor Impact Fund I, which reached $95 million at final close last July.

Jackie Rantanen, Managing Director and Co-Head of Impact at Hamilton Lane, said:

“As the demand for impact investing strategies continues to grow, we are pleased with the investor interest and momentum for Fund II even in just a few short months. Our experienced teams leverage Hamilton Lane’s unique access and analytics to identify growing businesses that are delivering sustainable solutions and seeking to make the world a better place. We’re grateful that our approach, to provide investors a diversified private markets solution that aims to generate optimal outcomes through compelling performance and meaningful, measurable impact, is resonating with our global client base.”

Hamilton Lane designed Impact Fund II as a diversified private markets impact solution, aiming to generate attractive returns along with positive social and environmental impact. The fund will Fund make direct investments across geographies, in strategies including buyout, growth, late-stage venture and real assets. Targeted areas of investment include clean energy transition, sustainable processes, health and wellness and community development.

David Helgerson, Managing Director and Co-Head of Impact at Hamilton Lane, said:

“We are seeing a broad and diverse spectrum of investment opportunities in companies that are offering compelling solutions and who we believe are well positioned to grow and lead. Our team is focused on investing in innovative businesses that seek to deliver positive environmental and social outcomes. These businesses are at an inflection point in their growth and we believe they are best accessed via the private markets.”