Hamilton Lane's first RMB fund plans to raise $220 million

Deep Tide TechFlow News, July 02 – According to Bloomberg, private market investment management giant Hamilton Lane is preparing its first renminbi-denominated fund, targeting a raise of approximately 1 to 1.5 billion renminbi (about $150 million to $220 million), with plans to complete the fundraising by the end of this year. Sources say the fund will be raised from domestic Chinese investors. Hamilton Lane previously raised a U.S. dollar fund through the Qualified Foreign Limited Partner (QFLP) mechanism and converted it into renminbi to invest in Chinese domestic assets. Its direct equity strategy fund, the Hamilton Lane Equity Opportunities Fund VI (EO VI), has completed a $3.8 billion fundraising.

Hamilton Lane already has a presence in the crypto space, having made a strategic investment in the on-chain investment platform Republic in March of this year. Its tokenized credit fund is already custodied on-chain, and the HLSCOPE senior credit opportunity securitization fund holds approximately $9 million in total assets on the Polygon network, primarily investing in senior secured private credit and senior secured loans in North America and Europe.