Hamilton Lane Advisors closed its ninth fund-of-funds at $516 million, beating its $400 million target.
The limited partners of Hamilton Lane Private Equity Fund IX LP include public pension funds, Taft-Hartley pension plans, endowments and foundations.
The fund-of-funds will target small-to-mid-cap funds and be a mix of primaries, secondaries and co-investments.
According to the Bala Cynwyd, Pennsylvania-based alternative investment firm, Fund IX is Hamilton Lane’s largest fund-to-funds ever.
Hamilton Lane’s previous fund-of-funds closed at $426.8 million, sweeping past its $400 million target. No information was available on the fund-of-funds’ performance.
Photo: Hundred-dollar bills are counted. Reuters/Amr Abdallah Dalsh