On August 15, Hamilton Lane introduced a collaboration with Securitize to make its $5.6 billion Secondary Fund VI accessible to certified traders by a blockchain-based platform.
Hamilton Lane’s Secondary Fund VI, which closed in June 2024, exceeded its preliminary $5 billion goal by elevating $5.6 billion in commitments.
Securitize and Hamilton Purpose to Decrease the Personal Market Limitations for Particular person Buyers
Historically, such funds have been restricted to institutional traders with excessive entry thresholds. Nonetheless, by this partnership, particular person traders can now entry the fund with a minimal funding of $20,000.
“By digitizing the funding course of, we’re eradicating obstacles and making it simpler for extra traders to take part in high-quality personal market alternatives,” Carlos Domingo, co-founder and CEO of Securitize, remarked.
Learn extra: What’s Tokenization on Blockchain?
This fund is the most recent in a collection of tokenized funding merchandise from Hamilton Lane and Securitize. Earlier collaborations in 2023 offered particular person traders with entry to Hamilton Lane’s Fairness Alternatives Fund V and the Senior Credit score Alternatives Fund (SCOPE).
Tom Kerr, Co-Head of Investments and World Head of Secondary Investments at Hamilton Lane, expressed his pleasure for this new initiative. He additionally acknowledged the rising demand for liquidity within the secondary market.
“Fund VI is a continuation of our longstanding secondary franchise, and we proceed to give attention to discovering differentiated secondary alternatives at enticing inflection factors the place we have now familiarity and a aggressive angle,” Kerr added.
Hamilton Lane has been energetic within the secondary marketplace for over 24 years. As of June 30, 2024, the agency has managed roughly $21.0 billion in property.
Learn extra: What’s The Affect of Actual World Asset (RWA) Tokenization?
Tokenized Property Market Predictions by 2030. Supply: McKinsey
This initiative comes because the tokenization of economic property is gaining momentum. In keeping with a report by McKinsey, the marketplace for tokenized monetary property may attain $2 trillion by 2030. In the meantime, a separate report from ADDX and BCG estimates that the worldwide marketplace for illiquid asset tokenization may attain $16 trillion by the identical yr.
