CONSHOHOCKEN, Pa. and MIAMI, Aug. 15,
2024 /PRNewswire/ -- Securitize, the leading
platform for tokenizing real world assets, and leading global
private markets investment management firm Hamilton Lane (Nasdaq:
HLNE), today announced that qualified investors now have exclusive
access to Hamilton Lane's recently closed Secondary Fund VI through
the Securitize platform.
Hamilton Lane Secondary Fund VI ("the Fund" or "Fund VI") held
its final close in June 2024, raising
a firm record $5.6 billion in
commitments and materially exceeding its original $5 billion target. Securitize is now making a
portion of the vehicle accessible to individual investors via the
Secondary Fund VI feeder fund, which will be available exclusively
on the Polygon blockchain and will leverage Securitize's advanced
technology to offer a streamlined, fully digital investment process
and lower minimum investment requirement.
Fund VI represents the latest in a series of innovative
investment products from Hamilton Lane and Securitize, following
the successful launch of previous tokenized funds.
- Securitize and Hamilton Lane announced in January 2023 that individual investors could
access Hamilton Lane's flagship direct equity fund, Equity
Opportunities Fund V.
- In May 2023, the firms announced
a new Hamilton Lane feeder fund offering exposure to Hamilton
Lane's evergreen private credit fund, the Senior Credit
Opportunities Fund (SCOPE).
Similar to the other funds, the Secondary Fund VI tokenized
feeder fund significantly broadens access to a high-performing
asset class, with minimum investments reduced from the typical
$5 million to $20,000.
Tom Kerr, Co-Head of Investments
and Global Head of Secondary Investments at Hamilton Lane,
commented: "We are excited to extend access to Secondary Fund VI,
building on the historical success of our secondary platform to
bring Hamilton Lane's premier institutional secondary offering to
individual investors.
The circumstances driving appetite for liquidity via the
secondary market continue to grow, and we sit in a compelling
position with what we believe is one of the most experienced and
cohesive secondary platforms. Fund VI is a continuation of our
longstanding secondary franchise, and we continue to focus on
finding differentiated secondary opportunities at attractive
inflection points where we have familiarity and a competitive
angle."
"This collaboration with Hamilton Lane continues our track
record to bring the transformative power of blockchain technology
to the financial industry," said Carlos
Domingo, Co-Founder and CEO, Securitize. "By digitizing the
investment process, we are removing barriers and making it easier
for more investors to participate in high-quality private market
opportunities."
Hamilton Lane has been active in the secondary space for more
than 24 years, aiming to provide investors with significant capital
appreciation by delivering attractive risk-adjusted returns. Today,
the firm's secondaries platform represents approximately
$21.0 billion in assets under
management* as of June 30, 2024.
For more information about the Secondary Fund VI feeder fund and
how to invest, please visit the Securitize platform.
*Total secondary AUM includes discretionary and
non-discretionary active commitments as of June 30, 2024.
About Hamilton Lane
Hamilton Lane (Nasdaq: HLNE) is one of the largest private
markets investment firms globally, providing innovative solutions
to institutional and private wealth investors around the world.
Dedicated exclusively to private markets investing for more than 30
years, the firm currently employs approximately 700 professionals
operating in offices throughout North
America, Europe,
Asia Pacific and the Middle East. Hamilton Lane has more than
$940 billion in assets under
management and supervision, composed of nearly $130 billion in discretionary assets and more
than $810 billion in
non-discretionary assets, as of June 30,
2024. Hamilton Lane specializes in building flexible
investment programs that provide clients access to the full
spectrum of private markets strategies, sectors and geographies.
For more information, please visit
http://www.hamiltonlane.com or follow Hamilton Lane on
https://www.linkedin.com/company/hamilton-lane/.
About Securitize
Securitize, the leader in tokenizing real world assets, is
driving the compliant digitization of financial assets through next
generation blockchain technology. Securitize, or through its
subsidiaries, is a registered broker dealer (member SIPC) and
operates a primary marketplace, an alternative trading system as
well as a top 10 transfer agent and has an exempt reporting
adviser. Learn more at http://www.securitize.io.
Media Contact:
Kate McGann
kmcgann@hamiltonlane.com
Tom Murphy
tom@paragonpr.com
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SOURCE Securitize