Hamilton Lane Plans to Raise $220 Million for Its First RMB FundOdaily Planet Daily News: Private market investment management giant Hamilton Lane is preparing to launch its first RMB-denominated fund, targeting an approximately 1 to 1.5 billion yuan (about $150 million to $220 million) capital raise, with plans to complete the fund by the end of this year. Sources familiar with the matter revealed that the fund will target domestic Chinese investors. Hamilton Lane previously raised USD funds through the Qualified Foreign Limited Partner (QFLP) mechanism and converted them into RMB to invest in domestic Chinese assets.Hamilton Lane has already established a presence in the crypto space. In March of this year, it made a strategic investment in the on-chain investment platform Republic, and its tokenized credit fund is already hosted on-chain. (Bloomberg)
