Hamilton Lane Plans to Raise $220 Million for Its First RMB Fund

Odaily星球日报讯 Private market investment management giant Hamilton Lane is preparing its first RMB-denominated fund, targeting approximately 1 billion to 1.5 billion RMB (about $150 million to $220 million), with plans to complete fundraising by the end of this year. Sources say the fund will raise capital from domestic investors in China. Hamilton Lane has previously raised US dollar funds through the Qualified Foreign Limited Partner (QFLP) mechanism and converted them into RMB to invest in China-based assets.

Hamilton Lane has already established a presence in the crypto sector, having made a strategic investment in on-chain investment platform Republic in March this year. Its tokenized credit fund is now hosted on-chain. (Bloomberg)