PE · PRIVATE EQUITY

Hamilton Lane Private Secondary Fund

Hamilton Lane · Private Equity Secondaries Tender Offer Fund

Program Overview

Private Equity Secondaries Tender Offer Fund

Peer Group Filters

Objectives: Capital AppreciationTotal Return
Asset Class: Private Equity
Vehicle: Tender Offer Fund
Single / Multi Asset: Multi-Asset

Sponsor/Manager

Hamilton Lane

Asset Class

Private Equity

Issuer

Hamilton Lane Private Secondary Fund

Issuer Legal Structure

Delaware Statutory Trust

Program Life Structure

Perpetual

Securities Offered

Equity - Class R Shares Equity - Class I Shares Equity - Class Y Shares

Target Leverage

Minimum 300% asset coverage Fund-level: 1940 Act 300% asset coverage. $100M CIBC secured line closed Feb. 13, 2026; all Fund assets pledged; $0 drawn at Mar. 31, 2026 and unused in FY2026. No limit on Portfolio Fund or company leverage (buyout debt typically 50-70%).

Strategy Risk/Return Profile

Managing Broker-Dealer

Distribution Services (formerly UMB Distribution Services, LLC)

Scale

367,014 Class R Shares outstanding · 5,731,560 Class I Shares outstanding · 20,883,194 Class Y Shares outstanding · 46 Investments held

Maximum Offering

$1,500,000,000

Minimum Investment

$25,000

Class R Shares · waivable

Strategy Overview

The prospectus states the objective is long-term capital appreciation. The Fund buys private equity interests on the secondary market: LP secondaries (existing Portfolio Fund interests, mostly mature and largely funded, typically at a discount to manager-reported NAV) and GP-led deals (continuation vehicles, recapitalizations, tender offers). An 80% non-fundamental policy covers secondary transactions; primaries, co-investments and Liquid Assets (about 20%) are permitted. Global, emphasis on North America and Western Europe. Fund borrowing is limited by 300% asset coverage.

Subscribe to Ratings ALTSeek Ratings, securities and terms and the full diligence record are available with a subscription. Subscribe to Ratings Already subscribed? Sign in again