Hamilton Lane, an alternative investment firm, closed its fourth private equity secondary fund at $1.9 billion, beating its $1.25 billion target.
Hamilton Lane Secondary Fund IV will focus on investing in single funds, subset portfolios and complex structured/direct investments.
Fund IV’s limited partners include Taft-Hartley pension plans, corporate and public pensions, sovereign wealth funds, family offices, endowments, foundations and other financial institutions.
In September 2013, Hamilton Lane closed its third secondary fund at a hard cap of $900 million, sweeping past its $650 million target. No performance data was available.
Launched in 1991 and employing more than 290 worldwide, Hamilton Lane is presently managing $332 billion in assets as of December 31, 2016.
Flying Money; Photo courtesy of ansonsaw/iStock/Getty Images