Hamilton Lane raises $1.9bn

The alternative investment manager closes its largest ever secondaries fund.

Hamilton Lane has held a final close for Hamilton Lane Secondary Fund IV at $1.9 billion. The vehicle exceeded its original target of $1.25 billion thanks to strong demand from investors.

The fund’s investor base consisted of over one hundred LPs, including City of Fort Lauderdale General Employees' Retirement System, and Fresno County Employees Retirement Association.

Hamilton Lane Secondary Fund III held a final close at $909 million in September 2013.