Hamilton Lane Closes $426.8M New Fund-Of-Funds Vehicle

Philadelphia, Pennsylvania-based private equity fund-of-funds manager Hamilton Lane Advisors says it has reached final closing of Hamilton Lane Private Equity Fund VIII, L.P. at US$426.8 million, according to a company announcement.

The fund is a global and diversified private equity fund-of-funds with original fundraising target US$400 million.

"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," says Mario Giannini, CEO of Hamilton Lane.

Founded in 1998, Hamilton Lane is one of the largest funds-of-funds manager with over US$29 billion in discretionary assets under management, along with oversight of an additional US$157 billion in advisory assets.