Private markets investment management firm Hamilton Lane has raised $3.8 billion in and alongside its sixth direct equity fund, exceeding the $2.1 billion raised for its previous vehicle.
In a statement, Hamilton Lane said the final close of Hamilton Lane Equity Opportunities Fund VI (EO VI) attracted commitments from a broad range of investors, including public pension funds, sovereign wealth funds, Taft-Hartley pension plans, endowments, foundations, family offices, and financial institutions.
The fund will invest in middle-market buyout opportunities through Hamilton Lane’s global direct equity platform, which focuses on making co-investments alongside private equity sponsors.
“The successful close of EO VI underscores the strength of our Direct Equity platform and reflects what our global investor base is looking for – access to a differentiated middle market opportunity set,” Megan Milne, managing director of direct equity investments at Hamilton Lane, said.
The latest vehicle is the firm’s largest direct equity fund to date, according to Ken Binick, head of Direct Equity Investments, who said investor demand reflected confidence in the firm’s strategy of providing strategic capital alongside general partners.
About 70-75% of the new fund deployment will be in North America, with the rest in Western Europe, Binick said.
Hamilton Lane’s direct equity platform manages more than $22.2 billion in assets under management as of March 31, 2026. The strategy has been operating for more than three decades and is supported by a 43-member investment team.
Over the past two years, the platform has generated more than $6 billion in distributions to investors and has completed 787 discretionary direct equity investments since inception, the firm said.
Founded in 1991, Hamilton Lane manages approximately $1 trillion in assets under management and supervision globally, including $141.8 billion in discretionary assets and $905.3 billion in non-discretionary assets as of March 31, 2026.
The Nasdaq-listed firm provides private markets investment solutions across private equity, private credit, infrastructure and real assets for institutional and private wealth investors.
Last year, Hamilton Lane launched Hamilton Lane Global Venture Capital and Growth Fund (HLGVG), an evergreen investment vehicle focused on venture and growth opportunities in private markets.
The fund is open to select high-net-worth investors, their advisors, and institutional investors across Europe, Asia, Latin America, the Middle East, Australia, New Zealand, and Canada.
Hamilton Lane’s investments in Asia include Singapore-based digital wealth manager StashAway and private market exchange ADDX, DealStreetAsia’s DATA VANTAGE shows.
Kerrine Koh, managing director at the firm’s client solutions group, earlier told DealStreetAsia that the base of private wealth across the Asia Pacific is broadening quickly, with emerging hubs beyond Singapore and Hong Kong giving asset managers access to a larger pool of capital.