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Hamilton Lane closes strategic opportunities fund

Hamilton Lane Inc. closed its fourth Strategic Opportunities Fund.

The fund received approximately $900 million in commitments, well above the initial target, according to the company's release. It focused on making credit-oriented investments with consistent cash yield. Investors include Taft-Hartley pension funds, insurance companies, endowments or foundations, and high net worth individuals.

The previous fund, which closed in June 2017, received approximately $435 million in commitments.