Teachers' Retirement System of Louisiana (TRSL) board, a $20bn pension fund, has voted to retain Hamilton Lane as its private markets manager at a 6 June board meeting.
Founders will retain a stake in the Dutch developer and operator of solar power plants
Fund will be larger than its predecessor, Avallon MBO Fund II, which closed on €109m in 2014
GP acquired the online travel agency Etraveli in 2017 and has since supported several acquisitions
Current CEO will remain at the helm of the France-based surgical robotics business