Hamilton Lane Private Secondary Fund is a non-diversified, closed-end management investment company structured as a Delaware statutory trust and registered under the Investment Company Act of 1940. Its objective is to achieve long-term capital appreciation by investing primarily in private equity secondary transactions. The Fund focuses on acquiring interests in private funds and other vehicles through privately negotiated secondary market transactions, including both limited partner (LP) secondaries and general partner-led or structured (GP/Structured) secondaries. It emphasizes mature, largely funded positions, often acquired at a discount to reported fair value. Geographically, the Fund invests globally with a focus on North America and Western Europe. A portion of the portfolio is allocated to liquid assets to support liquidity needs and portfolio flexibility. The strategy is designed for investors seeking diversified access to private equity markets through secondary opportunities.
News and Notices
Hamilton Lane
2024
'40 Act
Tender Offer CEF
USD
Quarterly
Monthly
1.40%
March 31
News and Notices
Portfolio Holdings
Portfolio Composition
Growth
Secondary Pricing
Capital Flows
Share Classes
Returns
Fees
Ownership
Operating Metrics
Per Page
10
Notices
Sep 26, 2025
16:47
Compliance
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Hamilton Lane Private Secondary Fund reported its 2026 fund notice report, with no confidential treatment requested and Andrew Schardt, Trustee, Co-President and Co-Principal Executive Officer, signing on August 26, 2026.
Nov 06, 2023
14:57
Fees, Redemptions
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Hamilton Lane Private Secondary Fund offered to repurchase up to 5.00% of net assets, $24.9 million, at September 30, 2026 net asset value. Investors must submit by September 3, 2026; shares held under one year incur a 2.00% fee.
Oct 29, 2024
16:55
Marketing Materials, Subscriptions
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Hamilton Lane Private Secondary Fund updated its prospectus and increased registered shares from $1.0 billion to $1.5 billion by adding $500 million for its continuous offering across Class R, Class I, and Class Y Shares.
Sep 25, 2025
15:46
Redemptions
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Hamilton Lane Private Secondary Fund reported final tender offer results: no shares were tendered by the March 9, 2026 deadline, so no shares were accepted for purchase.
Dec 11, 2023
13:57
Personnel
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Hamilton Lane Private Secondary Fund reported Mary Kathleen Leonard, Secretary, as an Officer with no securities owned.
Jun 08, 2023
16:37
Personnel
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Hamilton Lane Private Secondary Fund appointed Mary Kate Leonard as Secretary, effective immediately, after Keith Kleinman resigned. The updated officer roster reflects the change.
Apr 06, 2026
13:10
Redemptions
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Hamilton Lane Private Secondary Fund is offering to repurchase up to approximately 5.00% of net assets, or about $20.5 million and 1.19 million shares, at NAV as of June 30, 2026. Shareholders may tender by June 4, 2026, with payments expected in cash within 5 business days after NAV determination.
Jan 25, 2024
11:03
Compliance, Marketing Materials
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Hamilton Lane Private Secondary Fund approved Distribution Services, LLC as distributor and principal underwriter, replacing PINE Distributors LLC effective on or about April 15, 2026. The Fund’s Prospectus and SAI will be updated to reflect the new Distributor.
Dec 13, 2025
13:36
Redemptions
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Hamilton Lane Private Secondary Fund filed a final amendment reporting results of its tender offer to repurchase up to $8.3 million of Shares. No Shares were tendered before the December 4, 2025 expiration, so none were accepted for purchase.
Mar 06, 2025
12:30
Fees, Marketing Materials, Redemptions
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Hamilton Lane Private Secondary Fund is offering to repurchase up to approximately 5% of net assets, or about $12.6 million and 768,935 Shares, at NAV for its Class Y, Class I and Class R Shares, with a March 9, 2026 tender deadline and March 31, 2026 valuation date. Shareholders may tender all or part of their holdings, subject to a $10,000 minimum remaining balance, a 2% early repurchase fee, and pro rata scaling if the Offer is oversubscribed.
Preview
News
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Tender Offer CE Funds
Capital Flows
Returns & Performance
North America
Private Equity
Hamilton Lane registers $3.25 billion more securities across three evergreens
Aug 14, 2026

One of which, Hamilton Lane Private Secondary Fund, raised its investment capacity by $500 million and saw its NAV climb 1.6x QoQ to $409 million as of March.

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Tender Offer CE Funds
Private Equity
North America
'40 Act in Focus: Hamilton Lane Private Secondary Fund
Jul 6, 2026

We examine the capital flows, investment activity, and performance of the tender offer fund, leveraging EvergreenLink Data.

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Capital Flows
Managers
Private Equity
Hamilton Lane expands evergreen platform with launch of Private Secondary Fund
Mar 3, 2025

HLPSF offers private wealth and institutional investors across the U.S. access to the firm's secondary investment platform.

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Private Equity
Managers
'40 Act in Focus: Hamilton Lane Private Secondary Fund
Feb 3, 2025

SecondaryLink dives into HLPSF's strategy, secondary investments, repurchase offers, and other details of the Hamilton Lane-managed evergreen fund.

Hamilton Lane Private Secondary Fund
Hamilton Lane is responsible for managing Hamilton Lane Private Secondary Fund.
Hamilton Lane Private Secondary Fund launched in 2024.
Hamilton Lane Private Secondary Fund is registered as a '40 Act fund.
Hamilton Lane Private Secondary Fund is structured as a Tender Offer CEF fund.
You can invest in Hamilton Lane Private Secondary Fund by meeting its eligibility requirements and subscribing through the fund's offering process or an approved platform. Visit their website for more details.
You can invest in Hamilton Lane Private Secondary Fund monthly, subject to eligibility and fund subscription deadlines.
You can redeem shares of Hamilton Lane Private Secondary Fund quarterly, subject to redemption limits and notice requirements.
Shares of Hamilton Lane Private Secondary Fund can be purchased in USD.
Hamilton Lane Private Secondary Fund's fiscal year end is March 31.
Hamilton Lane Private Secondary Fund's net asset value was $498.2 million and its portfolio had a fair value of $511.1 million as of June 30, 2026.
Among other deal types, Hamilton Lane Private Secondary Fund primarily makes Secondary (non-CV) Investments.
Among other asset classes, Hamilton Lane Private Secondary Fund primarily invests in LBO.
Among other regions, Hamilton Lane Private Secondary Fund primarily invests in Western Europe and the USA.
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