DLA Piper advises Hamilton Lane in US$615 million Venture Access Fund Closing

DLA Piper advised leading global private markets investment management firm Hamilton Lane (Nasdaq: HLNE) in the final close of its Venture Access Fund, which successfully exceeded its target fund size, raising US$615.3 million in commitments.

The Fund, which closed 23% over its US$500 million target, features a venture portfolio that targets top-performing, oversubscribed funds and companies, while leveraging the extensive platform, access and relationships Hamilton Lane has built over its nearly 30 years of investing in the venture and growth space.

“We were pleased to advise Hamilton Lane on the successful closing of their new venture access product which highlights our investment funds team capabilities, industry insights and expertise working with large global managers,” said DLA Piper partner Adam Tope, who leads the firm’s work with Hamilton Lane.

The fund formation was led by Investment Funds partner Bradley Phipps (Philadelphia) with assistance from partner Adam Tope and associate Jon Terracciano (both in New York).

DLA Piper’s global investment funds team provides a dynamic, integrated service to sponsors, fund managers and institutional investors, supported by the firm’s international tax and regulatory networks. The team advises clients on the full spectrum of private investment funds, all major investment strategies and all stages of a private investment fund's life cycle.