Hamilton Lane unveils senior private credit fund

Firm's latest evergreen product offers qualified investors access to choice areas of firm's capital structure

Hamilton Lane unveils senior private credit fund

Hamilton Lane, renowned private markets investment manager, has introduced a new a senior private credit vehicle designed for investors seeking safety and yield.

With a smaller investment minimum than conventional closed-end structures, the Hamilton Lane Senior Credit Opportunities Fund (SCOPE) has an evergreen structure that permits monthly subscriptions and liquidity.

As an all-weather fund, SCOPE strives to produce consistency in performance and cash yield even during volatile market conditions. SCOPE is accessible to qualified investors, including some high-net-worth individuals and their financial advisors in Canada, EMEA, Australia, Latin America, and Southeast Asia.

The strategy targets floating-rate, senior secured loans, which are often in the safest part of a company's capital structure, in an effort to give downside protection and yield.

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SCOPE will also invest in privately held, market-beating assets that are supported by top general partners in their respective fields and located in historically stable industries.

Its open-ended fund structure is designed to provide immediate capital deployment, with full capital deployment occurring on Day 1; a competitive fee system; the option for monthly liquidity and subscriptions; minimum investment amounts below than those of conventional closed-end funds; and diversification of the underlying portfolio by industry, manager, and region.

Hamilton Lane has fully seeded an initial portfolio of senior credit into the fund, and the fund strategy has already received significant anchor commitments and subscriptions.

"This fund launch is another significant milestone in support of Hamilton Lane's commitment to broaden access to the attractive returns and wealth creation potential available through private markets.” Drew Schardt, global co-head of Investments, commented.

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“With the addition of SCOPE, our holistic Evergreen Platform currently offers qualified investors of all sizes flexible access to a diversified suite of private market investment options spanning multiple geographies and strategies."

Currently, the company’s Evergreen platform – which includes its Global Private Assets Fund, also available to Canadian high-net-worth and wholesale investors, and its Private Assets Fund – has an AUM of slightly under $4 billion CAD (or roughly $3 billion USD).