The fund, which aims to capitalize on direct co-investment and secondary investment opportunities,   on the middle market, aiming to provide diversified exposure and deliver attractive income and total returns for its investors.

In addition to a high re-up rate* from IOF I investors, IOF II attracted more than 30 new investors around the globe, with growth across Asia and the Middle East, as well as increased representation from the Americas and Europe. Limited partners include public and private pensions, Taft-Hartley plans, foundations and endowments, private wealth and family office investors, insurance companies and asset managers.

*A re-up rate is the rate at which existing investors choose to reinvest in a new fund from the same manager.

“The megatrends shaping the global economy – including digitization and AI, power delivery, supply chain optimization, and resource efficiency – are fundamentally underpinned by infrastructure,” Brent Burnett, global head of infrastructure and real assets at Hamilton Lane, said. “We believe these structural trends create a target-rich landscape for our global mid-market strategy, and we will continue to leverage our access and information advantages to find compelling opportunities for our investors.”

Due to strong support from limited partners across the globe, the fund surpassed its original target by ~20 per cent. Infrastructure remains a critical component of private markets portfolios, and IOF II is designed to seek differentiated access and strong performance for Hamilton Lane's clients, building on the firm’s strategy.

The fund has committed about 40 per cent of its capital across 14 deals. The portfolio is diversified by asset, sector and geography, through both general partners -led and LP secondaries, along with non-control direct positions.

Hamilton Lane has $1.0 trillion in assets under management and supervision, composed of $145.4 billion in discretionary assets and $859.8 billion in non-discretionary assets.

BlackRock Aladdin
BlackRock Aladdin has integrated Preqin's data and technology into its eFront® platform for private markets investors, creating a data-driven private asset management technology solution. In eFront, Aladdin's private markets platform, institutional clients can manage their full investment lifecycle in one place, with detailed market context via Preqin data, the firm said in a statement. The integration will accelerate the firm’s strategy to unite investments, technology and proprietary data within one platform, increasing transparency and data-based insight for clients as they expand allocations to private markets.

The combined Preqin and eFront capabilities provide institutional investors with research, due diligence and portfolio monitoring tools on a single platform.

“BlackRock Aladdin is redefining the standard for private markets technology and data. For the first time, clients can bring pre-investment intelligence and post-investment analytics together in a single, integrated workflow, narrowing the gap between how institutional investors manage assets across private and public portfolios,” Sloane Collins, BlackRock’s head of product for Aladdin Private Markets, said. “This reinforces what we set out to accomplish with the acquisition of Preqin – a combination of rich data, advanced analytics and scalable technology that helps investors navigate private markets with clarity and confidence.”

Pre-investment, institutional clients can map investment opportunities, find high quality fund managers that align with portfolio objectives, and conduct in-depth manager due diligence based on strategy, track record and operations, the firm continued. Post-investment, institutional clients are equipped with a range of tools that transform portfolio monitoring into a core part of strategic decision-making. Investment data from fund managers feeds into eFront, giving investors clearer portfolio oversight while enabling faster reporting.

BlackRock Aladdin® – inclusive of the Aladdin platform,eFront®, Aladdin Wealth™, and Preqin – enables institutional investors to make more informed decisions by providing a common data language across the whole portfolio.