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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, asset management associates Kaitlin Mitchell, April Herleikson and Leah Pacht Gopin, and tax associates Denise Sohn and Alexa Voskerichian.

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