Buyouts

Institutional investors are pushing back against private equity’s biggest brands, steering capital toward emerging managers, lower-middle-market funds and secondaries vehicles that promise faster realizations and fewer fee surprises.

With most LPs planning to boost allocations, Hamilton Lane’s latest fundraise highlights how co-investments have become essential for both investors seeking better terms and GPs navigating a tough capital environment.

The firm's $10 billion target is smaller than the $11.8 billion it raised for its predecessor vehicle closed in 2021.