Hamilton Lane Private Infrastructure Fund (HLPIF)

February 5, 2026 Share

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 30 years ago, Hamilton Lane is one of the world's largest and most established private markets investment firms. As of November 2025, the firm managed or supervised over $1 trillion in assets.

Hamilton Lane has been an active investor and advisor in infrastructure across core, core plus, and value-add strategies. The firm has reviewed thousands of infrastructure transactions and maintains relationships with over 300 infrastructure managers globally.

Hamilton Lane has scaled its infrastructure capabilities through dedicated teams and integrated global sourcing, enabling it to provide diversified access across sectors such as telecom, clean energy, transportation, and environmental services.

HLPIF invests in a globally diversified portfolio of private infrastructure assets, with a focus on core plus and value-add opportunities. The Fund invests across three sleeves: diversified LP-secondaries, direct co-investments, and single-asset GP-led secondaries. LP secondary investments provide the Fund with mature, cash-generating infrastructure assets while direct co-investments in higher-growth opportunities offer higher upside potential. As of November 2025, the portfolio was comprised of 43% diversified secondaries, 41% co-investments, and 16% single asset secondaries.

The portfolio is diversified across sectors but has a strategic focus on areas that demonstrate strong secular tailwinds and essential service characteristics. As of November 2025, sector exposures included telecom (33%), environment and waste services (16%), power and energy (18%), transportation (14%), and renewables (15%). The Fund is geographically concentrated in North America (71%) and Western Europe (24%), where Hamilton Lane has deep sourcing relationships and long-standing experience underwriting infrastructure transactions.