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Ropes & Gray Advises Hamilton Lane on Strategic Opportunities Fund V

Practices: Asset Management, Private Funds, Credit Funds, Private Equity

Ropes & Gray advised Hamilton Lane on Hamilton Lane Strategic Opportunities Fund V. The Fund represents more than $760 million in commitments from a wide range of global LPs including repeat as well as new investors from Asia, the Middle East, Europe and North and South America. The Fund announced its final close on July 30.

The Series is focused on making credit-oriented investments with consistent cash yield, shorter duration and attractive risk-adjusted returns. Consistent with previous vehicles, the Fund is comprised of a diverse set of institutions, including Taft-Hartley pension funds, insurance companies, high-net-worth individuals and endowments and foundations.

Hamilton Lane has long been an active investor in targeted strategies, including credit-oriented direct investments and co-investments. While this vehicle represents the fifth of its kind, it is an extension of Hamilton Lane’s broader credit platform, which the firm has been building for over 20 years and which represents more than $34 billion in assets under management and supervision as of March 31, 2019.

The Ropes & Gray team advising Hamilton Lane was led by asset management partner Peter Laybourn and included tax & benefits partners Bill Jewett and Jay Milkes, tax & benefits counsel Seth Piken, asset management associates Justin Kliger, Tim Morgan, Ryan Marcus and Youna Kim, and tax & benefits associate Denise Sohn.

Ropes & Gray also advised Hamilton Lane on Strategic Opportunities Fund IV, and on Hamilton Lane Strategic Opportunities Fund 2017, also led by asset management partner Peter Laybourn.

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