HamiltonLane's first RMB fund plans to raise $220 million

According to Bloomberg News, private market investment management giant HamiltonLane is preparing to launch its first renminbi-denominated fund, with a goal of raising approximately 1 billion to 1.5 billion yuan (approximately 150 million to 220 million US dollars). It is scheduled to be completed by the end of this year. People familiar with the matter revealed that the fund will raise funds from investors in China. Hamilton Lane has previously raised US dollar funds through the Qualified Foreign Limited Partner (QFLP) mechanism and converted them into RMB funds to invest in domestic assets in China. Its direct equity strategy fund Hamilton Lane Equity Opportunities FundVI (EOVI) has completed US$3.8 billion in fundraising. HamiltonLane has already laid out in the crypto field. In March this year, Republic, an investment platform on the strategic investment chain, had its tokenized credit funds placed on the chain. The total assets of the senior credit opportunity securitization fund HLSCOPE on the Polygon network are approximately US$9 million, mainly investing in priority secured private credit and priority secured loans in North America and Europe.