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Ropes & Gray Advises Hamilton Lane on its $3.9 Billion Fifth Secondaries Vehicle, its Largest Fund To-Date

Practices: Asset Management, Private Funds, Secondary Transactions, Sponsor Representation, Tax

Ropes & Gray advised Hamilton Lane on raising $3.9 billion for Hamilton Lane Secondary Fund V, L.P. (the "Secondary Fund V”), a global and diversified private equity secondary vehicle. Secondary Fund V announced its final close on Feb. 16, exceeding its $3 billion target and marking Hamilton Lane’s largest fundraise to-date. 

Secondary Fund V received strong demand from institutional investors, including pension funds, Taft-Hartley plans, sovereign wealth funds, endowments, foundations, family offices, qualified high-net-worth individuals, and other financial institutions from around the Americas, EMEA, Asia and Israel. Meaningful support from existing investors in the program was complemented by a significant number of new investors globally. 

The Ropes & Gray team advising on Hamilton Lane Secondary Fund V was led by asset management partner Justin Kliger, and included asset management partner and buyout funds team co-leader Peter Laybourn, tax partner Jay Milkes, tax counsel Seth Piken, ERISA counsel Sabrina Glaser, asset management associates Kaitlin Mitchell, April Herleikson and Leah Pacht Gopin, and tax associates Denise Sohn and Alexa Voskerichian.

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