In brief: Ham Lane’s second impact fund nears $250m amid ‘challenging’ PE market

Hamilton Lane Impact Fund II was launched in April 2021 as a growth and buyout strategy with a $400m target.

Almost two years after its launch, Hamilton Lane’s second impact fund has raised nearly $250 million. The fund will remain open into the second quarter of 2023, head of strategic initiatives Erik Hirsch said on the firm’s results call last week. That will be amid a private equity fundraising environment that “continues to be challenging”, according to chief executive Mario Giannini.

Hamilton Lane launched the fund in April 2021 as a multi-class strategy spanning buyout, growth and late-stage venture investments for environmental and social impact. The investment firm planned to raise up to $400 million and reached an interim close on $198 million in December 2021. It is the successor to HLIF I, which raised $98 million.