On August 15, Hamilton Lane introduced a collaboration with Securitize to make its $5.6 billion Secondary Fund VI accessible to certified buyers by means of 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 Goal to Decrease the Personal Market Boundaries for Particular person Traders
Historically, such funds have been restricted to institutional buyers with excessive entry thresholds. Nonetheless, by means of this partnership, particular person buyers 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 buyers to take part in high-quality non-public 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 sequence of tokenized funding merchandise from Hamilton Lane and Securitize. Earlier collaborations in 2023 offered particular person buyers 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 International 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 concentrate on discovering differentiated secondary alternatives at engaging inflection factors the place now we have familiarity and a aggressive angle,” Kerr added.
Hamilton Lane has been lively 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 Belongings Market Predictions by 2030. Supply: McKinsey
This initiative comes because the tokenization of monetary property is gaining momentum. In line 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 12 months.