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Hamilton Lane closes latest multi-strategy fund on $270M

Monday, September 30, 2019
Opalesque Industry Update - Hamilton Lane has closed Hamilton Lane Private Equity Fund X L.P., a global and diversified private equity multi-strategy fund, on approximately $278 million.

"We are glad to announce this close with the support of a diverse group of both new and existing LPs from around the world," said Jackie Rantanen, Managing Director and Head of Product Management at Hamilton Lane. "Even with an overall shift in investor preference more towards customized separate accounts or single strategy-focused funds, the multi-strategy structure continues to fit the needs of certain investors, as evidenced by our long history of raising multi-strategy funds."

Brian Gildea, Head of Investments at Hamilton Lane, commented: "Leveraging our global platform and resources, we aim to provide access through our multi-strategy product to high-quality fund managers and transactions. Our thoughtful approach to portfolio construction seeks to offer investors a unique solution to achieve both short- and long-term performance through a strategic blend of exposure across strategies, sectors, vintage years and geographies."

Hamilton Lane has been managing multi-strategy funds since 1998, and Fund X represents the latest offering within the firm's global platform. Primarily targeting small- and mid-sized funds and transactions, Fund X aims to provide investors with a balanced portfolio of private market investments by diversifying across primaries, secondaries and equity and credit co-investments, as well as identifying those managers believed to be capable of creating and driving value through operational improvements at the portfolio company level. The Fund's investor base is comprised of a diverse mix of limited partners, including public pension funds, Taft-Hartley pension plans, endowments, foundations and other institutions.

In addition to its multi-strategy platform, Hamilton Lane has a robust and growing range of product solutions that cover the full spectrum of the private markets. The firm also continues to expand its separate account business, working with limited partners of all sizes, from various regions and with unique objectives, to enable them to access the private markets on a global and customized basis.

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