Hamilton Lane to Launch First RMB Fund Targeting $150M to $220M

Huo Xing Finance reports, according to Bloomberg, private market investment management giant Hamilton Lane is preparing its first RMB-denominated fund, aiming to raise approximately RMB 1 billion to 1.5 billion (about USD 150 million to 220 million), with plans to complete the fundraising by the end of this year. Sources familiar with the matter indicate that the fund will target investors within mainland China. Previously, Hamilton Lane raised USD-denominated funds through the Qualified Foreign Limited Partner (QFLP) mechanism and converted the proceeds into RMB to invest in domestic Chinese assets. Its direct equity strategy fund, Hamilton Lane Equity Opportunities Fund VI (EO VI), has successfully raised USD 3.8 billion. Hamilton Lane has already established a presence in the crypto space: in March this year, it made a strategic investment in the on-chain investment platform Republic. Its tokenized credit fund is now hosted on-chain, and its senior credit opportunity securitization fund, HLSCOPE, holds approximately USD 9 million in assets on the Polygon network, primarily investing in senior secured private credit and senior secured loans in North America and Europe.