Hamilton Lane raises $229m toward secondaries fund

Investors in the the firm's largest secondaries fund targeting $1.25 billion include Fort Lauderdale General Employees’ Retirement System, which made a $10 million commitment.

Hamilton Lane has raised about a fifth of its $1.25 billion target for its latest dedicated secondaries fund, its largest to date, Secondaries Investor reports.

The Philadelphia-based alternative investment manager has collected about $229 million for Hamilton Lane Secondary Fund IV from 11 investors, according to a 7 January filing with the Securities and Exchange Commission.

Hamilton Lane Secondary Fund IV was registered last August, according to a UK regulatory filing.

Investors in the fund include Fort Lauderdale General Employees’ Retirement System, which approved a $10 million commitment to the fund, as Secondaries Investor previously reported.

Read more by visiting http://www.secondariesinvestor.com.