Core Insights - Hamilton Lane has launched the Hamilton Lane Global Private Secondary Fund (HLGPS), an evergreen investment vehicle focused on the secondary market, which has already secured over $365 million in assets under management, nearly doubling its launch target size [1][2][6] Fund Strategy - HLGPS aims to provide long-term capital appreciation by building a diversified portfolio of secondary investments, focusing on high-quality middle market buyout funds and assets with significant near-term distribution potential [2][4] - The fund offers access to a variety of private market investments diversified across strategies, industries, vintages, and geography, with quarterly limited liquidity [2] Market Context - The secondary market is recognized as one of the fastest-growing strategies in private markets, with increasing demand for evergreen funds globally [4] - Secondary investments typically offer benefits such as diversification, J-curve mitigation, knowledge of underlying assets, increased pace of capital deployment, and value through discounts compared to primary investments [3] Company Background - Hamilton Lane is one of the largest private markets investment firms globally, with approximately $986 billion in assets under management and supervision, including nearly $141 billion in discretionary assets as of June 30, 2025 [5] - The firm has over 30 years of experience in private markets investing and employs around 750 professionals across various regions [5]