The latest news in investment offerings, financial products and other services relevant to wealth advisors and their clients.

Hamilton Lane
US-headquartered Hamilton Lane, global private markets investment management firm ,has closed on a sum of $3.8 billion in total commitments for its Direct Equity strategy in and alongside the Hamilton Lane Equity Opportunities Fund VI, reflecting strong investor interest for the strategy, it said in a recent statement. The prior vintage fund, Hamilton Lane Equity Opportunities Fund V, closed at $2.1 billion.

EO VI aims to provide investors with diversified exposure to middle-market buyout opportunities through Hamilton Lane’s global Direct Equity platform. A range of global investors took part in the fundraise, including public pensions, sovereign wealth funds, Taft-Hartley pension plans, endowments, foundations, family offices and other financial institutions.

“The successful close of EO VI underscores the strength of our Direct Equity platform and reflects what our global investor base is looking for – access to a differentiated middle market opportunity set,” Megan Milne, managing director, Direct Equity Investments at Hamilton Lane, said.