Hamilton Lane Closes fifth secondaries fund
Hamilton Lane has secured commitments of $3.9bn for the latest vehicle in its global secondaries strategy.
This is the largest fund to date for Hamilton Lane, exceeding the vehicle's $3bn target.
As of April 2019, Hamilton Lane Secondary Fund V had collected $700m. A second close was held at $1.1bn in September 2019, followed by another interim close at $1.7bn in April 2020, according to Unquote Data.
Investors
There were a number of re-ups as well as new additions to the LP base. The investors include pension funds, sovereign wealth funds, endowments and family offices, as well as other financial institutions.
Investments
The fund will follow the strategy of its predecessor, which held a $1.9bn final close in June 2017. It will invest in single funds, subset portfolios and complex structured and direct investments on a global scale.
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