Hamilton Lane Closes On $900M For 3rd Secondaries Fund

Law360, New York (September 5, 2013, 6:44 PM EDT) -- Pennsylvania-based private equity asset manager Hamilton Lane has closed its third secondary private equity fund with $900 million in assets, choosing to close the fund at its hard cap despite high investor demand, Hamilton Lane said Thursday.

The PE firm initially targeted $650 million for Hamilton Lane Secondary Fund III LP, which closed Tuesday. Hamilton Lane managing director Tom Kerr, who heads the firm's secondaries team, told Law360 that the fund received commitments from 71 institutional investors located in North and South America, Europe, Asia and...
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