Fourth and fifth annual mandate raised a total of approximately $475 million from diverse group of LPs in Nordics and Benelux
19 August 2021 – Ermitage Partners is delighted to announce the successful fundraising of the fourth and fifth generations of the Hamilton Lane Large Buyout Club Funds, focused on investors in the Nordics. Following the initial success of its three prior Hamilton Lane Large Buyout Club Fund fundraises, Ermitage Partners advised Hamilton Lane on raising a combined total of approximately $475 million for both the fourth and fifth annual U.S. and European large buyout mandates during 2021. These mandates will be managed by Hamilton Lane (NASDAQ: HLNE), a leading global private markets investment management firm, and will enable Nordics and Benelux investors to gain access to some of the most sought-after and often oversubscribed buyout funds through a tailor-made solution. The investor base consists of pension funds, foundations, trade unions and family offices.
Leading U.S. and European large buyout funds have historically exhibited stable long-term returns and they typically form the nucleus of the alternative investment portfolio for several large pension companies and other leading global investors. Accessing these funds can be challenging to some investors due to typical minimum ticket sizes. In addition, these funds are often oversubscribed, making it increasingly difficult for potential new investors to gain access. As one of the world’s largest private markets investors, Hamilton Lane commits capital to various types of private market funds.
“We are very pleased with how Hamilton Lane has been able to secure access to the most established buyout managers with a solid long-term track record. All previous large buyout programs are performing extremely well and we are looking forward to advising Hamilton Lane on building similar programs in the future. As a natural extension of existing large buyout programs we are also very excited for the intended launch of the Hamilton Lane Venture Capital Club Fund program, which has been designed to give qualified investors access to venture capital opportunities, including in the U.S. We are very encouraged by the initial discussions” said Mikael Salin, Partner at Ermitage Partners.
Richard Hope, Head of EMEA at Hamilton Lane, commented: “We are excited about and encouraged by the continued development of the client base in the Club Fund program, which has gained momentum across the last several years. Our collaboration with local expert partner Ermitage has helped enable access into large buyout funds for this growing set of investors as part of an established managed program.”
For further information, please contact:
– Jerome Bouix, Managing Partner, Ermitage Partners,
email: jerome@ermitage-partners.com
tel.: +46 731 461 132
– Kate McGann, Vice President, Public Relations, Hamilton Lane,
email: kmcgann@hamiltonlane.com
tel.: +1 212 752 7853
About Ermitage Partners:
Ermitage Partners is an independent and partner-owned fundraising boutique dedicated to alternative investments in the Nordics and South Korea. Our target is to work long term with a small number of exceptional general partners and raise approximately one billion euros annually. We have offices in Helsinki, Stockholm and London. For more information, please visit www.ermitage-partners.com.
