About This Fund
Hamilton Lane Secondary Fund VI is a 2022 vintage that prefers to invest USD 55 million to 60 million in 50 to 55 investments. The fund targets both LP-led and GP-led transactions. Hamilton Lane Secondary Fund VI (HLSF VI) is designed as a sizable investment vehicle, targeting a fund size of $5 billion, with a minimum commitment threshold of $5 million for investors. This fund offers flexibility in its structure, providing several options to accommodate various investor preferences. The investment period for HLSF VI is set at three years, during which investors are expected to allocate their commitments to capitalize on opportunities. The overall term of the fund extends to ten years, outlining the duration of investment management and potential returns. In terms of fees, during the commitment period, investors are charged a management fee of 1% on their commitments. Following this period, the management fee adjusts to the lower of the commitment period terms or 1% on the Net Asset Value (NAV) of the investments. A notable feature of HLSF VI is its carried interest structure, which is set at 12.5% over an 8% preferred return with a 100% catch-up mechanism. This structure is designed to align the interests of the fund managers with those of the investors, ensuring that the managers are rewarded for performance that exceeds the preferred return threshold. More info