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Laxman Pai, Opalesque Asia: Hamilton Lane has closed its largest-ever fund, tapping investors for $5.6bn in commitments for its latest secondaries vehicle.
The fundraising, the biggest in the firm's history, saw strong support from a diverse group of new and existing investors with the fund exceeding its $5 billion target.
Hamilton Lane Secondary Fund VI saw strong support from a diverse group of new and existing investors, including corporate and public pension funds, Taft-Hartley plans, sovereign wealth funds, endowments, foundations, private wealth platforms, and other financial institutions from over 30 countries around the world, said a media release from the private markets investment management firm.
"The success of this fundraise represents a significant milestone for Hamilton Lane and is a direct result of our market-leading position within the asset class. The circumstances driving appetite for liquidity in the market continue to grow, and we are excited to sit in a compelling position with what we believe is one of the most experienced and cohesive secondary platforms," said Tom Kerr, Co-Head of Investments and Global Head of Secondary Investments.
He added: "Fund VI is a continuation of our longstanding secondary franchise, and we continue our mission of seeking to find differentiated secondary opportunities at attractive inflection points where we have familiarity and a competitive angle."
Ryan Cooney, Managing Director of the Secondary Inve...................... To view our full article Click here
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