Hamilton Lane raises $278m

The US-based alternative investment management firm closes sixth private equity multi-strategy fund.

Hamilton Lane has held a final closing of Hamilton Lane Private Equity Fund X at $278 million. Primarily targeting small- and mid-sized funds and transactions, Fund X aims to provide investors with a balanced portfolio of private market investments by diversifying across primaries, secondaries and equity and credit co-investments.

The fund is backed by pension funds, Taft-Hartley pension plans, endowments, foundations, and other institutions.

Hamilton Lane Private Equity Fund IX closed in July 2016 at $516 million and its investors included the Fresno County Employees’ Retirement Association ($70 million) and the New Bedford Retirement System.