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

ME News, July 2 (UTC+8): Hamilton Lane, a private-market investment management giant, is preparing its first RMB-denominated fund, targeting to raise approximately 1 billion to 1.5 billion RMB (about 150 million to 220 million USD). It is expected to be completed by the end of this year. Insiders say the fund will be raised from investors within mainland China.

Hamilton Lane previously raised USD funds through the Qualified Foreign Limited Partner (QFLP) mechanism and converted them into RMB to invest in domestic assets in mainland China. Its direct equity strategy fund, Hamilton Lane Equity Opportunities Fund VI (EO VI), has completed fundraising of 3.8 billion USD.

Hamilton Lane has already been active in the crypto space this year. In March, it strategically invested in Republic, an on-chain investment platform. Its tokenized credit fund has already been custodied on-chain, and the senior credit opportunity securitization fund, HLSCOPE, has total assets of approximately 9 million USD on the Polygon network. It primarily invests in senior secured private credit and senior secured loans in North America and Europe. (Source: ChainCatcher)