
Hamilton Lane closes $210m global credit fund
Hamilton Lane has raised $210 million for a credit-focused strategic opportunities fund, exceeding the initial target of $150 million.
According to a statement, LP support consists of new and existing Hamilton Lane investors from around the world, including insurance companies, Taft-Hartley pension plans, endowments, foundations, family offices and other financial institutions. The fund will seek to achieve risk-adjusted returns across single-year investment periods, concentrating on credit-oriented commitments that have consistent cash yield.
"With an investment team of more than 80 dedicated private markets professionals, our global platform, as well as our robust network of industry relationships, offers us access to a significant amount of deal flow," said Drew Schardt, managing director at Hamilton Lane. "We believe the fund offers an attractive solution for investors seeking yield and attractive returns."
Hamilton Lane, which has $250 billion in assets under management and advisory, is headquartered in the US and maintains offices and investments throughout Asia. In recent months, the firm has appointed three new managing directors in Hong Kong and Tokyo, and opened an office in Seoul.
Last year, the private markets specialist reached a final close of $1.5 billion on its third global co-investment fund.
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