(Reuters) – Hamilton Lane (NASDAQ:) raised $5.6 billion as a part of its Hamilton Lane Secondary Fund VI, exceeding its preliminary goal, the funding administration firm stated late on Tuesday.
The fundraising, the largest within the agency’s historical past, noticed robust assist from a various group of latest and present buyers with the fund exceeding its $5 billion goal, the corporate stated in an announcement.
The corporate didn’t point out what it is going to use the proceeds for.
Geopolitical pressures and financial uncertainties have lately dampened investor sentiment which has weighed on personal fairness fundraising globally.
Hamilton Lane Secondary Fund VI (Fund VI), a part of the corporate’s secondaries platform, follows a fundraising by its Secondary Fund V which closed at $3.9 billion in commitments in 2021.
Hamilton’s secondaries platform represents $20.9 billion in belongings below administration as of March 31.
“The circumstances driving urge for food for liquidity available in the market proceed to develop, and we’re excited to sit down in a compelling place with what we imagine is without doubt one of the most skilled and cohesive secondary platforms,” Tom Kerr, co-head of investments and international head of secondary investments, stated in an announcement.
