Hamilton Lane closes credit fund on $435m

The final close amount significantly exceeded the initial target, set at $250m, according to Hamilton Lane. The investment firm stated it had been able to attract a broad LP base, including Taft-Hartley pension funds, insurance companies, endowments, foundations and high-net-worth individuals. These include a number of existing as well as new investors from Asia, the Middle East, Europe and the Americas.

Hamilton Lane Strategic Opportunities Fund 2017 is structured as an annual series with a single-year investment period. It is focused on making credit investments with consistent cash yield.

The vehicle is significantly larger than its 2016 predecessor, which closed on $210m, exceeding its $150m target. Hamilton Lane's broader credit platform represents more than $20bn in assets under management and supervision as of December 2016.

The investment firm also closed its latest secondaries offering, Secondary Fund IV, on $1.9bn earlier in June.

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• Topics
• Funds
• Debt
• credit