Hamilton Lane Inc. aims to raise at least A$500 million for its Australian unlisted private assets fund, The Australian reported Sept. 28.
The firm is focusing on secondary and direct private equity and credit, across industries and geographies, for the new Unlisted Global Private Assets Fund, which will be a part of a bigger structure based in Luxembourg. The two funds plan to target about A$2.00 billion from investors over the next five years.
The new entity has already received more than A$134 million, according to Hamilton Lane's Australia country head James Martin.
Crestone and its clients are reported to be among the first to support the fund, the report said.
