Dealflow | November 5, 2018

Hamilton Lane secures $7.5 million for impact fund

Jessica Pothering
ImpactAlpha Editor

Jessica Pothering

ImpactAlpha, November 5 – Private equity firm Hamilton Lane joins the ranks of Bain Capital, TPG, and KKR in launching a dedicated impact investing fund. It has raised $7.5 million from three investors, according to an SEC filing.

The Philadelphia-based firm has more than $54 billion in assets under management. Hamilton Lane has not commented publicly on its impact fund’s target size or strategy. Expect to see activity in health and wellness, community development, financial empowerment, energy and the environment—these were all “opportunity” areas identified in an earlier letter from Hamilton Lane’s managing director Dave Helgerson.

“Hamilton Lane has made direct investments in each of these strategies that achieve measurable goals such as increasing access to healthcare, bringing infrastructure to underserved regions and supporting renewable energy growth,” Helgerson noted. The firm tracks metrics like CO2 emissions reduced, health care savings, job growth, and “increased access to education.”

Over the past 15 years, Hamilton Lane says it has made $1.4 billion in social investments in New York, Florida, Nevada and California via a U.S.-focused initiative.