Hamilton Lane raises $760m for credit fund
Other - AUGUST 5, 2019

Hamilton Lane raises $760m for credit fund

by Andrea Zander

Hamilton Lane Strategic Opportunities Fund V, a fund managed by Hamilton Lane, has raised more than $760 million in commitments from a wide range of global LPs including repeat as well as new investors from Asia, the Middle East, Europe, and North and South America. The fund announced its final close on July 30.

The Series is focused on making credit-oriented investments with consistent cash yield, shorter duration and attractive risk-adjusted returns. Consistent with previous vehicles, the fund is comprised of a diverse set of institutions, including Taft-Hartley pension funds, insurance companies, high-net-worth individuals, and endowments and foundations.

Hamilton Lane has long been an active investor in targeted strategies, including credit-oriented direct investments and co-investments. While this vehicle represents the fifth of its kind, it is an extension of Hamilton Lane’s broader credit platform, which the firm has been building for more than 20 years and which represents more than $34 billion in assets under management and supervision as of March 31, 2019.

In June the firm held a $1.7 billion final close for its Hamilton Lane Co-Investment Fund IV, exceeding its target.

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