Hamilton Lane registers latest Large Cap Buyout Club Fund

The firm registered the GP vehicle on 26 March. It declined to comment when contacted by Unquote.

Hamilton Lane and Scala Fund Advisory originally teamed up to launch the Large Cap Buyout Club Fund line of vehicles in 2017, raising $70m from nine LPs and another $111m from 13 LPs for the same strategy in 2018.

For Large Cap Buyout Club Fund III – the most recent vehicle covered by Unquote – the firms raised $215m from 27 Finnish institutions and family offices for a mandate to invest in large US and European buyouts.

The concept of the funds is to allow Finnish institutions to invest in often oversubscribed and inaccessible buyout funds.

The LP base of Fund III consisted of Finnish pension funds, foundations, trade unions and family offices. The vehicle targeted investments in $1bn+ buyout funds in North America and western Europe, with a bias towards the US. The fund also invested a portion of its capital in secondaries and credit co-investments in order to avoid a dip in returns from the initial J-curve when making primary investments.

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