Hamilton Lane racks up $3.9bn for fifth secondary fund Wednesday, February 17, 2021 Laxman Pai, Opalesque Asia: The alternative investment management firm Hamilton Lane closed Hamilton Lane Secondary Fund V at $3.9 billion, exceeding its $3 billion fundraising target and marking its largest fundraise to-date. The closing of the global and diversified secondary private equity fund comes at a time when investor demand for second-hand stakes in private equity assets has been growing, said a press release from the private markets investment management firm. The fund invests in single funds, subset portfolios, and complex structured/direct investments. The Fund V received strong demand from institutional investors, including pension funds, Taft-Hartley plans, sovereign wealth funds, endowments, foundations, family offices, qualified high-net-worth individuals, and other financial institutions from around the Americas, EMEA, Asia, and Israel, said the Philadelphia region's largest private equity firm and fifth-largest money manager.