Svmuu News: Hamilton Lane, a private equity investment management giant, is preparing to launch its first RMB-denominated fund, with a target of raising approximately 1 billion to 1.5 billion RMB (about 150 million to 220 million USD). with the goal of closing the fund by the end of this year. Sources familiar with the matter revealed that the fund will be open to investors within China. Hamilton Lane has previously raised U.S. dollar-denominated funds through the Qualified Foreign Limited Partner (QFLP) mechanism and converted them into renminbi to invest in assets within China.
Hamilton Lane has already established a presence in the crypto space; in March of this year, it made a strategic investment in the on-chain investment platform Republic, and its tokenized credit fund is already held in on-chain custody. (Bloomberg)