Hamilton Lane Closes on $1.9 Billion in Infrastructure Opportunities Fund II and Related Vehicles

– Hamilton Lane announced the final closing of Hamilton Lane Infrastructure Opportunities Fund II (IOF II).

– The Fund closed with $1.5 billion, plus nearly $400 million invested alongside in related vehicles, totaling almost $2 billion in commitments.

– Total commitments significantly exceeded the $1.25 billion target, surpassing it by approximately 20%.

– IOF II is more than three times the size of its predecessor, IOF I, reflecting strong investor demand.

– The Fund focuses on a globally diversified, middle-market infrastructure strategy.

– IOF II targets direct co-investments and secondary investment opportunities.

– The strategy aims to deliver diversified exposure, attractive income, and strong total returns.

– The Fund achieved a high re-up rate from IOF I investors.

– More than 30 new investors joined, with strong growth from Asia and the Middle East.

– Additional investor participation came from the Americas and Europe.

– Limited partners include pensions, Taft-Hartley plans, foundations, endowments, private wealth and family offices, insurance companies, and asset managers.

– Infrastructure megatrends cited include digitization and AI, power delivery, supply chain optimization, and resource efficiency.

– Approximately 40% of the Fund’s capital has been committed across 14 deals.

– The current portfolio is diversified by asset type, sector, and geography.
Investments include GP-led and LP secondaries and non-control direct positions.

– Example portfolio companies include Cold-Link Logistics, Flexential, and Dispatch Energy.

Brent Burnett,  Global Head of Infrastructure and Real Assets, highlighted the Fund’s successful close as a milestone, noting infrastructure-driven megatrends like digitization, AI, power delivery, supply chain optimization, and resource efficiency create opportunities for Hamilton Lane’s global mid-market strategy.

– Hamilton Lane has over 25 years of experience investing in infrastructure.

– The firm offers commingled funds, evergreen vehicles, and separately managed accounts.

– Hamilton Lane’s infrastructure platform includes nearly 200 GP relationships.
Infrastructure assets under management and supervision total more than $87 billion as of September 30, 2025.

You may also like these