TechFlow news, July 02, according to Bloomberg, private market investment management giant Hamilton Lane is preparing its first RMB-denominated fund, targeting a raise of approximately 1 billion to 1.5 billion yuan (approximately $150 million to $220 million), planned to be completed by the end of this year, insiders revealed that the fund will raise capital from investors within China.
Hamilton Lane previously raised USD funds through the Qualified Foreign Limited Partner (QFLP) mechanism and converted them into RMB funds to invest in assets within China, its direct equity strategy fund Hamilton Lane Equity Opportunities Fund VI (EO VI) has completed a $3.8 billion raise.
Hamilton Lane already has a presence in the crypto sector, strategically invested in on-chain investment platform Republic in March this year, its tokenized credit fund is already custodied on-chain, the Senior Credit Opportunity Securitization Fund HLSCOPE has a total asset value of approximately $9 million on the Polygon network, mainly investing in senior secured private credit and senior secured loans in North America and Europe.
