Hamilton Lane has completed the final close of its Infrastructure Opportunities Fund II (IOF II) with approximately US$1.5 billion in the main fund and nearly US$400 million in related vehicles, attracting capital from institutional investors globally and closing nearly US$2 billion—well above its US$1.25 billion target—in Conshohocken, Pennsylvania. 

The fund aims to take advantage of distinctive direct co-investment and secondary investment opportunities, while continuing to concentrate on the middle market, to offer investors diversified exposure along with compelling income and overall return potential. Building on strong backing from investors in its predecessor fund (IOF I), the vehicle achieved a high re-commitment rate and also brought in more than 30 new investors worldwide, particularly expanding its presence in Asia and the Middle East and increasing participation across the Americas and Europe. Its limited partners span a broad spectrum, including public and corporate pension funds, Taft-Hartley plans, foundations and endowments, private wealth and family offices, insurance firms, and asset managers.

Supported by robust global investor demand, the fund exceeded its initial fundraising target by approximately 20%. The outcome underscores the continued importance of infrastructure as a core allocation within private markets portfolios, reflecting investor appetite for stable, long-term investment opportunities in the asset class. The fund has already deployed roughly 40% of its capital into 14 transactions, building a portfolio that is diversified across asset types, sectors and regions. Investments have been executed through a mix of GP-led and LP secondary transactions, as well as minority direct stakes. Representative holdings include Cold-Link Logistics, Flexential and Dispatch Energy.

Hamilton Lane brings more than 25 years of experience in infrastructure investing, providing a range of solutions such as commingled funds, evergreen structures and customized separately managed accounts. Today, its infrastructure platform encompasses close to 200 general partner relationships and oversees approximately US$87 billion in assets under management and supervision.