Hamilton Lane Targets US$220 Million for First China Yuan Fund as Private Markets Localise

Shanghai, 2 July 2026 – Hamilton Lane is targeting about US$220 million for its first China yuan-denominated fund, marking another sign that global private-markets managers are adapting to a more localised capital-raising environment in Asia’s second-largest economy.

The move reflects growing interest among international asset managers in building renminbi-based investment vehicles that can better serve Chinese institutional and private wealth investors. For Hamilton Lane, the planned fund strengthens its China strategy at a time when private equity, secondaries and local-currency structures are becoming more important to investors seeking exposure to domestic private assets.