Hamilton Lane plans to raise $220 million for its first RMB fund

Odaily reported that Hamilton Lane, a private markets investment management giant, is preparing its first renminbi-denominated fund, targeting a raise of approximately 1 billion to 1.5 billion yuan (about $150 million to $220 million). The fund is planned to be completed by the end of this year. According to insiders, the fund will be raised from domestic investors in China. Previously, Hamilton Lane raised US dollar funds through the Qualified Foreign Limited Partner (QFLP) mechanism and converted them into renminbi to invest in assets within China.

Hamilton Lane has already established a presence in the crypto space. In March of this year, it made a strategic investment in Republic, an on-chain investment platform, and its tokenized credit fund is now hosted on-chain. (Bloomberg)