Investors

Hamilton Lane targets $1.25bn for Fund IV

Hamilton Lane’s previous secondaries fund, Hamilton Lane Secondary Opportunity Fund III, launched in 2012 and exceeded its $650 million target, closing on $900 million in September 2013.

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Hamilton Lane, a Philadelphia-based alternative investment manager, is in market with its largest dedicated secondaries fund, according to a presentation made to the Fresno County Employees’ Retirement Association, Secondaries Investor reports.

The firm is seeking $1.25 billion for Hamilton Lane Secondary Opportunity Fund IV and has $91 million in pending commitments, according to the October presentation document. UK regulatory filings show the fund was registered on 6 August.

Read more by visiting www.secondariesinvestor.com.