Hamilton Lane closes Fund IX on $516m

The vehicle, which held a first close in January 2015, marks the fund manager's largest vehicle to date, with its previous 2012 fund totaling $426.8m. 

Investors
The fund-of-funds received commitments from public pension funds, US-based Taft-Hartley pension plans, endowments and foundations.

Investments
The fund will invest in private equity vehicles, targeting a range of strategies, vintage years and geographies. Hamilton Lane primarily seeks to back small and medium-sized funds.

It will look to invest around 70% of the fund in primaries, 20% in secondaries and 10% in co-investments.

People
Hamilton Lane – Jackie Rantanen (managing director, product management group co-head); Andrea Kramer (global head of fund investments).

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