Hamilton Lane Inc.'s Hamilton Lane Secondary Fund IV LP, a global and diversified private equity secondary fund, closed at $1.9 billion, higher than its original target of $1.25 billion.

The fund consists of more than 110 investors from across the globe, including Taft-Hartley pension plans, corporate and public pensions, sovereign wealth funds, family offices, endowments, foundations, and other financial institutions. The fund will provide investors with a balanced portfolio by diversifying across proprietarily sourced single funds, subset portfolios and complex structured/direct investments.