Hamilton Lane hits $215m on Fund VIII

Hamilton Lane has cleared the halfway point on its $400m target for Hamilton Lane Private Equity Fund VIII, according to SEC filings.

Hamilton Lane has raised at least $215 million for its eighth private equity vehicle, which is targeting $400 million, according to a pair of documents filed Tuesday with the US Securities and Exchange Commission. 

Hamilton Lane Private Equity Fund VIII had raised at least $150 million, according to one filing. A separate Cayman Islands vehicle, labeled Hamilton Lane Private Equity Offshore Fund VIII, had raised $65 million. 

Chief Executive Officer Mario Giannini, chief financial officer Randy Stilman and general counsel Robert Cleveland are listed as the fund’s executive officers on the filings.

Hamilton Lane organised the fund earlier this year, according to the filings. The firm has not hired a placement agent as an associated broker or dealer, the filings indicated. 

The firm’s previous private equity fund raised $262 million in 2009, according to data provider Private Equity Connect. Hamilton Lane could not be reached for comment at press time. 

Hamilton Lane is also in the process of raising its third secondaries fund, targeting $650 million, according to SEC filings. Public Employee Retirement System of Idaho documents said the firm’s previous secondaries fund generated a 30.23 percent net internal rate of return through 31 March. 

In addition to its private equity funds, Hamilton Lane also oversees $141 billion in advisory assets for clients that include public and private pension funds, sovereign wealth funds, financial institutions, endowments and foundations. The firm has almost $24 billion in discretionary assets under management, according to its website.