The fund—half of which has already been allocated—will invest in buyouts and mature companies looking for capital to expand or restructure operations. Investors include public pensions, sovereign wealth funds, Taft-Hartley pension plans, endowments, foundations, high-net-worth individuals and financial institutions. The firm declined to comment when asked if Canadian LPs were involved. Hamilton Lane has US$484 billion in assets under management. (The Logic)

Talking point: Hamilton Lane was one of the recipients of the federal government’s $350-million Venture Capital Catalyst Initiative (VCCI), which injected capital in five fund-of-funds to spur late-stage investment in Canada. Asked by The Logic if there was any money earmarked in this fund specifically for Canada, the firm said in a statement that it does not have specific investment-target amounts by geography. The fund is supported by a global team of 22 co-investment professionals, including Mike Woollatt, who is leading Hamilton Lane’s Canadian efforts from Toronto. Hamilton Lane was the only fund-of-fund recipient without a Canadian office.

Correction: A previous version of this briefing incorrectly stated that Hamilton Lane had US$4.9 billion in assets under management. That is the figure for assets under management under the firm’s co-investing strategy, not for the entire firm. The piece has been updated.