Alternative investment management firm Hamilton Lane announced today that it has raised more than $850 million across its sustainable investment platform, including the final closing of its social and environmental impact-focused fund, Hamilton Lane Impact Fund II at $370 million, as well as more than $500 million of sustainable-focused investment capital within separate accounts.
David Helgerson, Managing Director and Co-Head of Impact at Hamilton Lane said:
“Across our sustainable investment platform we are seeing a broad and diverse spectrum of investment opportunities in companies that offer compelling economic solutions to the problems of the world today. Our team is focused on investing in innovative businesses that are at an inflection point in their growth and that seek to deliver positive environmental and social outcomes.”
Launched in 2021, Impact Fund II makes direct investments across geographies and strategies, including buyout, growth, late-stage venture, credit and real assets, with an emphasis on investments in transformative technologies, innovation and efficiency. Investments include companies that focus on clean energy transition, sustainable processes, health and wellness and community development.
Hamilton Lane reported that Impact Fund II has made nine investments to date, primarily targeting growth investments leveraging transformative technologies, innovation and efficiency across themes including smart and efficient cities, online workforce training and education, design and manufacture of wind turbines and energy storage systems, and carbon tracking and management.
With $370 million in capital committed, the fund is nearly 4 times the size of its predecessor fund, Impact Fund I, which announced its final close in July 2020 with over $95 million committed.
Andrew Durante, Product Specialist for the Hamilton Lane Impact Platform, said:
“This is an exciting time in the impact market, with strong investor interest and record deal flow within the strategy. We are thankful for the continued commitment and support from our terrific base of LPs from around the world, as we now turn our focus to leveraging Hamilton Lane’s unique access and platform to invest in opportunities that aim to drive meaningful impact alongside strong returns.”