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Hamilton Lane targets Brazil with $63.4m fund of funds

12 Mar 2014

brazil flag 10_sqAsset management firm Hamilton Lane has raised a R$150m ($63.4m) fund of funds to invest in the healthcare, education, natural resources, energy and consumer goods sectors in Brazil.

Hamilton Lane’s first Brazil-focused fund of funds was backed by Brazilian institutional investors, including pension funds, multi-family offices and financial institutions.

The fund has already deployed R$55.8m across six deals, the firm said in a statement.

Hamilton Lane CEO Mario Giannini said, “We are pleased to announce the final close of our first fund in Brazil.

“Brazil’s economic and investment landscape has continued to mature since our venture into the region, and the country has established itself as a key area of opportunity in private markets investing.

“We remain committed to the region for the long term and look forward to continuing to build on our success in Brazil and across Latin America.”

Hamilton Lane added that entry-level prices have declined significantly since the fund’s first closing and it is capitalising on the resulting opportunities.

Earlier this year Hamilton Lane ended takeover talks with fund of funds manager Paul Capital after failing to agree on a deal.

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