Hamilton Lane tokenises evergreen senior credit fund

Hamilton Lane has partnered again with Securitize, this time to launch a feeder of its evergreen Senior Credit Opportunities Fund, providing liquidity through on-demand redemptions.

Shares are to be issued and managed on the Polygon blockchain, fully compatible with the Ethereum ecosystem.

The minimum investment amount has reduced from $2m to $10,000, making a portion of the credit fund more accessible to individual investors. However, qualified purchasers will need to have at least $5m in invested assets.

Investors will have access to monthly subscription and redemptions on demand at the previous quarter’s NAV per share via a digitalised process, with no transaction fees for using the Securitize platform.

This is the second feeder fund in a series of three of Hamilton Lane’s vehicles to be made available on the Securitize platform, after the feeder of Hamilton Lane Equity Opportunities Fund V was launched in January. 

“Many recent technology and blockchain innovations are solutions in search of problems. Through this new digitalised private credit fund, Securitize is solving a major problem faced by investors, particularly in private markets: finding liquidity when they need it,” said Carlos Domingo, CEO of Securitize. “Smart contracts built on blockchain networks can dramatically accelerate previously manual processes such as share redemption from weeks to seconds, eliminate intermediaries and their unnecessary fees, and ultimately reduce barriers so more investors can participate in the value being created in the private markets.”