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Laxman Pai, Opalesque Asia:

Private markets investment management firm Hamilton Lane announced the launch of the Hamilton Lane Private Secondary Fund (HLPSF), a continuously offered evergreen investment vehicle available to U.S. accredited investor clients, including sufficiently qualified high-net-worth investors and their wealth advisors.

Fund VI materially exceeded its original $5 billion target, seeing 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 press release from the American alternative investment management.

The fund will provide access to the firm's secondary investment platform which includes closed-end funds and SMAs totaling $24.1 billion in assets under management and supervision as of December 31, 2024.

"HLPSF is aiming for favorable risk-adjusted returns and will focus on high-quality middle market buyout funds and assets, with significant near-term distribution potential," the release said.

It seeks to provide favorable risk-adjusted returns with strong downside protection through a portfolio of what the firm believes to be high-quality companies and assets diversified across sponsors, strategies, industries, vintages, and geographies.

Steve Brennan, Head of Private Wealth Solutions at Hamilton Lane,......................

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