Hamilton Lane Global Private Secondary Fund
Overview
Strategy
HLGPS invests in a globally diversified portfolio of private equity secondary transactions, acquiring primarily mature, largely funded LP interests and GP‑led deals across buyout and venture/growth funds, with an emphasis on North America and Western Europe. The evergreen vehicle targets continuation vehicles, recapitalisations, tender offers and selected company-level co-investments, complemented by a liquid sleeve of cash and credit instruments to support income, deployment flexibility and limited quarterly liquidity.
Performance
Total Returns (% Net of Fees)
Total Returns (% Net of Fees)
| Net returns (since inception) | I-USD |
|---|---|
| Total Return | 19.7% |
| Annualized Return | 54% |
| Best Month | (Sep 2025)10.3% |
| Worst Month | (Nov 2025)1% |
| Risk metrics (since inception) | |
| Volatility | 13.1% |
| Sharpe Ratio (4.3% risk-free) | 3.79 |
Allocations
Geography allocation
Geography
Geography
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Underlying Investment Type
Underlying Investment Type
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Strategy
Strategy
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Get free accessKey terms
| Management Fee: | 1.25% | |
| Management Fee Basis: | NAV + unfunded commitments - cash | Greater of (i) prior Valuation Date Class NAV, adjusted for next-day subscriptions/redemptions; or (ii) Class NAV plus uncalled commitments less cash and cash equivalents |
| Performance Fee: | 12.50% | Over 5% annualised hurdle with 100% catch-up; monthly accrual, paid quarterly; based on fund-level net profits after Loss Recovery Account |
| Performance Fee Basis: | Change in NAV, Distributions | Fund-level net profits measure; includes unrealised and realised items, redemptions and dividends; net of Fund Expenses and Loss Recovery Account |
| Hurdle rate: | 5.00% | 5% annualised IRR hurdle. |
| Catch-up: | 100.00% | 100% catch-up until Recipient has 12.5% of Hurdle Amount plus catch-up; thereafter 12.5% of remaining Excess Profits |
| Front load (subscription): | 0.00% | Distribution/placement fees may be charged by intermediaries; any paid to Fund reduce subscription shares. |
| Back load (redemption): | 8.00% | Redemption fee up to 5% of the redemption price; an additional 3% if redeemed within 12 months of subscription. |
| Servicing fee: | 0.00% |
FAQ
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