Hamilton Lane closed the Hamilton Lane Co-Investment Fund III at its $1.5 billion hard cap, said Andrew McGloin,Hamilton Lane spokesman, in an e-mail.
The fund will invest in buyout and growth private equity transactions alongside general partners. The new fund is larger than the firm’s second co-investment fund, the $1.2 billion Hamilton Lane Co-Investment Fund II, a 2008 vintage year fund.
Investors in the new fund include South Korea’s 469.8 trillion won ($427 billion) National Pension Service, which committed 400 billion won.
