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Laxman Pai, Opalesque Asia: Hamilton Lane raises $1.7bn for latest fund - co-investment fund, the fourth of its kind for the alternative asset manager.
The fund will invest equity in buyouts and growth capital deals, putting money to work alongside private equity firms, according to a Hamilton Lane statement.
The vehicle, Hamilton Lane Co-Investment Fund IV LP, closed above its $1.5bn target, the statement said.
Commitments came from public pensions, sovereign-wealth funds, endowments and other types of institutions, said the Pennsylvania-based firm with approximately $484bn in total assets under management and supervision as of March 31, 2019.
Jackie Rantanen, Managing Director and Head of Product Management, said: "As interest in co-investing continues to grow, we believe the combination of Hamilton Lane's scale, data and technology advantages and global platform offers a differentiated and positive experience for our investors.
"We were able to close the Fund above target thanks to the strong interest from a diverse group of LPs, well over half of whom were repeat investors from our last co-investment fund," he added.
The Fund is supported by a dedicated team of 22 co-investment professionals around the world, the release said.
It is an extension of Hamilton Lane's broader co-investment global equity platform, which includes commingled co-investment funds and discretionary separate accounts, and represents over $4.9bn in assets under manag...................... To view our full article Click here
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