Hamilton Lane Plans First Yuan Fund, Targeting Up to $220 Million for Chinese Assets
Updated
Updated · Bloomberg · Jul 1
Hamilton Lane Plans First Yuan Fund, Targeting Up to $220 Million for Chinese Assets
1 articles · Updated · Bloomberg · Jul 1
Summary
Hamilton Lane is preparing its first yuan-denominated fund and aims to raise 1 billion to 1.5 billion yuan, or about $150 million to $220 million, before year-end.
The fund would target discounted Chinese assets, marking a local-currency push by the US private markets investor as valuations in China remain depressed.
Hamilton Lane manages about $1 trillion, giving the planned vehicle added significance as a test of overseas appetite for Chinese opportunities through an onshore structure.