Hamilton Lane has closed its latest strategic opportunities fund with around $700m (£551m) in commitments from investors worldwide.
The private markets investment firm’s strategic opportunities fund series is part of its broader credit platform, which has over $64bn in assets under management.
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Strategic Opportunities VIII, the latest in Hamilton Lane’s flagship credit series, attracted over 50 investors across North America, Asia, EMEA and Latin America. The latest close brings the total raised across the fund series to date to $4.9bn.
“We continue to experience a lender-friendly environment and despite a more muted M&A backdrop, Hamilton Lane’s scale has positioned us for what we expect to be another year of record deal flow,” said Nayef Perry, global head of direct credit.
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“Our strategic opportunities funds are designed to be flexible and to identify attractive risk adjusted opportunities in continuously evolving markets while seeking to consistently deliver yield, short duration, and downside protection.”
Emily Nomeir, managing director, direct credit investments, said: “As we reflect on the final closing of the eighth vintage of the strategic opportunities fund series, we are extremely grateful for the continued support from our investors, many of whom have invested across multiple vintages. We remain committed to providing solutions for investors of all types and will seek to continue to leverage the fund’s flexible approach to identify compelling opportunities.”
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