Hamilton Lane raises $1.5b for global co-investment fund
Hamilton Lane has reached a final close of $1.5 billion for its third co-investment fund, exceeding the $1 billion target.
The fund is intended to provide leading GPs with capital for buyout and growth transactions, according to a release. It will follow a diversified approach across industries and geographies.
Hamilton Lane launched Co-Investment Fund III in 2013. South Korea's National Pension Service is a significant contributor, having committed $375 million last year. In addition to pension plans, other LPs include sovereign wealth funds, endowments, foundations and high net worth individuals.
The firm's previous fund, Co-Investment Fund II, closed in 2008 at $1.2 billion. Hamilton Lane claims it has achieved a 1.9x net multiple of investment capital and a 22% net IRR.
In recent years Hamilton Lane has increased its Asia presence, hiring and promoting several significant performers in its Tokyo and Hong Kong offices in 2014. It has been active in the region since 2004.
More on North America
Latest News
Asian GPs slow implementation of ESG policies - survey
Asia-based private equity firms are assigning more dedicated resources to environment, social, and governance (ESG) programmes, but policy changes have slowed in the past 12 months, in part due to concerns raised internally and by LPs, according to a...
Singapore fintech start-up LXA gets $10m seed round
New Enterprise Associates (NEA) has led a USD 10m seed round for Singapore’s LXA, a financial technology start-up launched by a former Asia senior executive at The Blackstone Group.
India's InCred announces $60m round, claims unicorn status
Indian non-bank lender InCred Financial Services said it has received INR 5bn (USD 60m) at a valuation of at least USD 1bn from unnamed investors including “a global private equity fund.”
Insight leads $50m round for Australia's Roller
Insight Partners has led a USD 50m round for Australia’s Roller, a venue management software provider specializing in family fun parks.