Hamilton Lane has closed Hamilton Lane Secondary Fund V at $3.9 billion.
The global and diversified secondary private equity fund exceeded its $3 billion fundraising target, a news release said Tuesday.
The prior fund, Hamilton Lane Secondary Fund IV, closed at $1.9 billion in 2017, surpassing its $1.25 billion fundraising target. Hamilton Lane Secondary Fund III closed at $900 million in 2013.
Hamilton Lane Secondary Fund V invests in single funds, subset portfolios and complex structured/direct investments.
Investors include the $706 million Fort Lauderdale (Fla.) General Employees Retirement System and $240 million Westfield (Mass.) Contributory Retirement System.
