Hamilton Lane closes second Brazil fund

Hamilton Lane announced its final closing of its second Brazilian-focused private equity fund with $60 million (R$250 million). The fund outpaced the firm’s previous fund in the space that closed at R$150 million in 2014, officials said adding that the Hamilton Lane Brazil Fund II has approved more than a half dozen opportunities, representing a diverse and attractive initial portfolio totaling R$125 million. The fund’s strategy is like that of its predecessor in that it will seek primary, secondary and co-investments in buyout and growth opportunities through the country, including in the healthcare, educations, food services and consumer goods sectors. Investors include an array of Brazilian public and private pensions and high-net-worth individuals. “Despite Brazil’s recent challenges, we believe the economy is on a sustainable growth path, with a strong opportunity set for private markets investors,” said Brian Gildea, head of investments at Hamilton Lane, in a statement. “We have been actively investing in Brazil for more than two decades and consider it to be a key part of our Latin American strategy.” The Bala Cynwyd, Pennsylvania-based company opened its first office in Brazil in September 2011 and has been actively investing in the region since 1997 with roughly $3 billion under management through Latin America. Overall, Hamilton Lane has approximately $66 billion in discretionary assets and more than $415 billion in advisory assets.

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