Hamilton Lane completed the final close of its Infrastructure Opportunities Fund II (IOF II) on February 2 2026, raising $1.5 billion in the core vehicle and an additional $400 million in related vehicles for a total of nearly $2 billion in commitments. The new fund is more than three times the size of IOF I, which closed at $590 million in July 2022 against a $500 million target.
The close was driven by a high re‑up rate from IOF I investors and the addition of more than 30 new investors worldwide, including public and private pensions, foundations, family offices, insurance companies and asset managers. Limited partners span the Americas, Europe, Asia and the Middle East, underscoring the fund’s broad geographic appeal and the firm’s expanding reach into high‑growth markets.
IOF II will deploy roughly 40 % of its capital across 14 deals, targeting a mix of GP‑led investments, LP secondaries and non‑control direct positions in logistics, data centers and renewable energy. The strategy reflects Hamilton Lane’s focus on middle‑market infrastructure opportunities that offer attractive risk‑adjusted returns and align with megatrends such as digitization, energy transition and supply‑chain optimization.
Hamilton Lane’s senior leadership highlighted the milestone. Global Head of Infrastructure and Real Assets Brent Burnett said the close “represents a significant milestone for our infrastructure platform,” while Managing Director Erik Hirsch noted that “megatrends shaping the global economy are fundamentally underpinned by infrastructure, creating a target‑rich landscape for our global mid‑market strategy.”
As of September 30 2025, Hamilton Lane managed $87 billion in assets under management and supervision, a figure that underscores the firm’s scale and the confidence investors place in its infrastructure expertise. The IOF II close reinforces the firm’s position as one of the largest private‑markets investment managers worldwide, with a portfolio of nearly 200 GP relationships and a global presence across North America, Europe, Asia‑Pacific and the Middle East.
The fund’s successful final close signals robust investor demand for infrastructure assets and validates Hamilton Lane’s middle‑market strategy. By tripling the size of its predecessor and attracting a diverse, geographically dispersed investor base, the firm is well positioned to capture opportunities across logistics, data centers and renewable energy, sectors that are expected to benefit from continued digitalization and the transition to cleaner energy sources.
The content on EveryTicker is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.