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Hamilton Lane’s latest global fund-of-funds closes above target

Hamilton Lane Advisors has held the final closing of Hamilton Lane Private Equity Fund IX, a global and diversified private equity fund-of-funds.

Originally targeting USD400 million, the fund received strong interest from the institutional investor community, exceeding its target to close on USD516 million.
 
“We are thankful for the support of a diverse group of both new and existing Hamilton Lane investors from across the globe, including public pension funds, Taft-Hartley pension plans, endowments, foundations and other institutions,” says Jackie Rantanen, managing director and co-head of the product management group at Hamilton Lane. “Leveraging our global platform and resources, we endeavour to provide our investors access to high-quality fund managers in an increasingly competitive and crowded market. And we strongly believe our thoughtful portfolio construction approach offers investors a unique solution to achieve both short and long-term performance through a strategic blend of exposure across strategies, vintage years and geographies.”
 
“With more than USD500 million in commitments, Fund IX is our largest fund-of-funds to date,” says Andrea Kramer, global head of fund investments at Hamilton Lane. “With robust deal flow and compelling investment opportunities, we will continue to employ our rigorous and proven due diligence process as we selectively seek out the best opportunities for our investors.”
 
Primarily targeting SMID funds, Fund IX aims to provide investors with a balanced portfolio of private market investments by diversifying across primaries, secondaries and co-investments, as well as identifying those managers capable of creating and driving value through operational improvements at the portfolio company level.

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