Hamilton Lane's first RMB fund plans to raise $220 million
According to Bloomberg, private market investment management giant Hamilton Lane is preparing its first RMB-denominated fund, aiming to raise approximately 1 billion to 1.5 billion RMB (about 150 million to 220 million USD), with plans to complete the fundraising by the end of this year. Sources reveal that the fund will target domestic investors in China.Hamilton Lane has previously raised USD funds through the Qualified Foreign Limited Partner (QFLP) mechanism and converted them into RMB to invest in domestic assets. 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 made inroads into the crypto space, having strategically invested in the on-chain investment platform Republic this March. Its tokenized credit fund is already hosted on-chain, and the senior credit opportunity securitization fund HLSCOPE has total assets of approximately 9 million USD on the Polygon network, primarily investing in senior secured private credit and senior secured loans in North America and Europe.
