Alternative asset manager Hamilton Lane has raised $700 million for its fifth secondary private equity fund. According to an SEC filing, the Bala Cynwyd, Pa.-based firm raised $349 million in the U.S. alone from 20 different investors. The rest came from investors overseas.
Publicly-traded Hamilton Lane (NASDAQ: HLNE) declined comment until the fund closes, which will most likely take several months.
Secondary funds deploy capital in the secondary market, which involves the buying and selling…
