Fundraising

The new fund is more than five times the value of its predecessor and is 63% invested.

Pennsylvania-based investment manager Hamilton Lane has announced the final closing of its Hamilton Lane Strategic Opportunities Fund VII, the largest fund ever within the Strategic Opportunities Fund series.

Firm headed by women raised its hard-cap from $400m due to investor demand.

Whether it’s the average fund size, the size of the overall market or the scale (and ambitions) of the fund managers, the industry has expanded at a pace that has surprised many in the finance industry.

Fundraising took a hit in the first half but credit is expected to rebound fast as managers adapt to more challenging circumstances.

Adam Wheeler, in the wake of a €7bn fund close, cites the effects of macro, geopolitical and market factors.

The firm’s first dedicated infrastructure debt fund beat its target for investing in renewable energy, transportation and digital infrastructure.

All the investors in the firm’s first special opportunities fund recommitted to the new vehicle.

The follow-up to its 2020 fund is the firm’s largest yet and features a dedicated co-investment vehicle.

A lack of fund closes in Europe in H1 2022 contributed to some of the lowest fundraising volumes in years.