(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 mentioned late on Tuesday.
The fundraising, the most important within the agency’s historical past, noticed sturdy assist from a various group of recent and present buyers with the fund exceeding its $5 billion goal, the corporate mentioned in an announcement.
The corporate didn’t point out what it’ll use the proceeds for.
Geopolitical pressures and financial uncertainties have just 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 underneath administration as of March 31.
“The circumstances driving urge for food for liquidity out there proceed to develop, and we’re excited to take a seat in a compelling place with what we consider is among the most skilled and cohesive secondary platforms,” Tom Kerr, co-head of investments and international head of secondary investments, mentioned in an announcement.
