Hamilton Lane Private Infrastructure Fund (HLPIF)

• Infrastructure investments offer yield, inflation protection, and downside protection
• New opportunities driven by energy transition, digitization, logistics
• Attractive entry points in secondary and co-investment markets

Infrastructure investments can offer stable cash flow, inflation protection, and downside protection. Several macro themes are driving increased opportunity sets in infrastructure, including energy transition, digitization, and the modernization of supply chains. These trends are driving capital formation and deal activity. The growth in the asset class has created attractive entry points for long-term capital through co-investments and secondaries.

At the same time, inflation-linked cash flows and essential service characteristics make infrastructure assets uniquely attractive in today's environment of persistent inflation and rate volatility. Infrastructure investments offer a source of both diversification and downside protection, with the potential for yield and capital appreciation.

• Founded over 35 years ago as a private markets specialist
• $1.1 trillion in assets under management and supervision (June 2026)
• $98.8 billion in infrastructure assets under management and supervision (June 2026)

Hamilton Lane is one of the largest private markets investment firms globally, with more than 35 years of experience managing and advising capital across direct, secondary, and fund investments. As of June 30, 2026, the firm's proprietary database represented almost 20,000 unique managers and over 72,000 funds across more than 63 vintage years. The database also included over 180,000 portfolio companies.

Hamilton Lane has more than 25 years of experience investing in and advising on private infrastructure and real assets across core, core-plus and value-add strategies. As one of the largest global investors in private infrastructure, the firm has reviewed thousands of infrastructure transactions and maintains relationships with more than 300 infrastructure managers worldwide.

Its 31-person infrastructure team spans North America, Europe and Asia and is supported by integrated global sourcing. This enables diversified access across sectors including telecommunications, clean energy, transportation and environmental services.

Hamilton Lane invests in primary funds, co-invests alongside partners and provides liquidity for single-asset and portfolio sales through secondary capital. Its disciplined, flexible capital solutions, differentiated access, and deep information and relationship advantages make the firm a sought-after partner for customized solutions across funds, evergreen offerings and managed accounts.

• HLPIF focuses on core plus and value-add infrastructure opportunities across North America and Western Europe
• The Fund pursues a blend of diversified secondaries, co-investments, and single-asset GP-led secondaries
• Focus on long-term income and capital appreciation with lower volatility vs. public markets

HLPIF invests in a globally diversified portfolio of private infrastructure assets, with a focus on core-plus and value-add opportunities. The Fund invests through three sleeves: diversified LP secondaries, direct co-investments and single-asset GP-led secondaries. As of June 30, 2026, HLPIF had $243.2 million in fund size, 41 investments and exposure to 34 general partners. Portfolio construction comprised 41% co-investments, 33% diversified secondaries and 27% single-asset secondaries.

The portfolio emphasizes sectors with strong secular tailwinds and essential-service characteristics, including telecommunications (32%), transportation (17%), power and energy (16%), environmental services (17%), renewables (16%) and other sectors (1%). Geographically, the portfolio was concentrated in North America (75%) and Western Europe (19%), with additional exposure to Asia-Pacific (5%) and the rest of the world (less than 1%), reflecting Hamilton Lane's global sourcing relationships and infrastructure underwriting experience.

Visit Hamilton Lane to learn more about HLPIF.