Hamilton Lane Wins Nevada’s In-State Fund Of Funds Mandate

The Nevada Capital Investment Corp., a non-profit board tasked with investing in Nevada-based businesses, announced that it has chosen Hamilton Lane, a private equity management and advisory firm, to oversee the $50 million Silver State Opportunity Fund, which is part of the Nevada Permanent School Fund, an endowment dedicated to K-12 education.

Because of the relative paucity of private equity firms in Nevada, Dave Helgerson, the managing director of Hamilton Lane’s in-state investment programs, told Buyouts that a majority of the fund’s money would likely be allocated to in-state co-investments. “It’s fair ...

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