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.
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