Hamilton Lane raises R$250m

The American manager closes its second Brazil-focused fund.

Hamilton Lane held a final close of Hamilton Lane Brazil Fund II on Wednesday at R$250 million ($59 million). The target size of the fund was not disclosed.

The fund will invest solely in Brazil through primary, secondary and co-investment buyout and growth opportunities in the healthcare, consumer goods, education and food services sectors.

The firm’s prior Brazil-focused vehicle, Hamilton Lane Brazil FIQFIP, closed in March 2014 with R$150 million ($36 million) of committed capital. Fund I was targeting at least R$300 million ($71 million), PEI data shows.

Investors in the fund include high net worth individuals and Brazilian pensions.