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Hamilton Lane beats $400m target for latest fund of funds

28 Apr 2014

dollar4_sqPrivate equity firm Hamilton Lane has closed its eighth fund of funds on $426.8m, beating its initial $400m target.

Hamilton Lane said it received strong interest from institutional investors including public pension funds, Taft-Hartley pension plans, endowments and foundations.

Hamilton Lane CEO Mario Giannini said, “Despite the consolidation happening in the funds-of-funds market today, we believe the demand for Fund VIII is a testament to Hamilton Lane’s highly selective investment process and track record within this sector.

“We are pleased to share the news of the final close of our most recent fund-of funds, thanks to support from a diverse group of both new and existing Hamilton Lane investors.”

Last month Hamilton Lane closed its new Brazilian fund of funds vehicle on R$150m ($63.4m).

The new fund will invest in the healthcare, education, natural resources, energy and consumer goods sectors in Brazil.

Earlier in 2014 the firm ended takeover talks with fund of funds manager Paul Capital after failing to agree on a deal.

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