Hamilton Lane has successfully closed its Venture Access Fund (VAF) with $615.3 million in commitments, surpassing its $500 million target by 23%. This marks the firm’s first globally distributed venture vehicle, focusing on top-performing funds and companies through a mix of primary and secondary transactions. Co-head Miguel Luina highlighted the fund’s appeal to diverse investors, while co-head Matt Pellini noted compelling opportunities in the current VC market, particularly in the secondary market due to companies remaining private longer. The fund aims to provide a fee-efficient solution for investors seeking exposure to premier venture capital opportunities.