Conshohocken-based Hamilton Lane raised $615.3 million in its first venture-focused fund, writes Jeff Blumenthal for the Philadelphia Business Journal.
The funding will provide investors with access to venture capital opportunities through a mix of primary and secondary transactions.
The Hamilton Lane Venture Access Fund closed 23 percent above its original $500 million target. It focuses on top-performing, oversubscribed funds and companies, leveraging the private markets investment firm’s access and relationships that have been built over three decades of investing.
Hamilton Lane has approximately $117 billion in assets under management or administration.
As of the end of last year, the company has $956 billion in assets.
Read more about the Conshohocken firm in the Philadelphia Business Journal.
