Hamilton Lane Advisors has held the final closing of Hamilton Lane Private Equity Fund VIII, 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 USD426.8 million.
"Despite the consolidation happening in the funds-of-funds market today, we believe the demand for Fund VIII is a testament to Hamilton Lane's highly selective investment process and track record within this sector," says Mario Giannini, chief executive officer of Hamilton Lane. "We are pleased to share the news of the final close of our most recent fund-of funds, thanks to support from a diverse group of both new and existing Hamilton Lane investors, including public pension funds, Taft-Hartley pension plans, endowments, foundations and other institutions."
"With an emphasis on thoughtful portfolio construction, the fund is designed to provide investors with an opportunity for both short and long-term performance through a strategic blend of exposure across strategies, vintage years and geographies," says Jackie Rantanen, principal in the product management group at Hamilton Lane.
