Hamilton Lane closes global fund-of-funds at $516m

LPs included public pension funds, Taft-Hartley pension plans, endowments and foundations. The vehicle, known as Hamilton Lane Private Equity Fund IX, represents the firm's largest fund-of-funds to date. According to a statement, it will primarily target small to mid-cap funds, with an aim of creating a portfolio balanced across primaries, secondaries and co-investments.

"Leveraging our global platform and resources, we endeavor to provide our investors access to high-quality fund managers in an increasingly competitive and crowded market," said Jackie Rantanen, managing director and co-head of Hamilton Lane's product management group. "And we strongly believe our thoughtful portfolio construction approach offers investors a unique solution to achieve both short and long-term performance through a strategic blend of exposure across strategies, vintage years and geographies."

Hamilton Lane, which has $250 billion in assets under management and advisory, is headquartered in the US and maintains offices and investments throughout Asia. Last month, it closed a $210 million global credit fund, exceeding an initial target of $150 million.

In recent months, the firm has anticipated increased investment opportunity in Asia with the appointment of three new managing directors in Hong Kong and Tokyo, as well as the opening of an office in Seoul.

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• Topics
• Fundraising
• North America
• Fund-of-funds
• Secondaries
• Hamilton Lane
• Co-investment