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Ropes & Gray Advises Hamilton Lane on Private Equity Fund X

Practices: Asset Management, Private Funds, Private Equity, Sponsor Representation

Ropes & Gray advised Hamilton Lane on Hamilton Lane Private Equity Fund X L.P. (“the Fund” or “Fund X”), a global and diversified private equity multi-strategy fund. The Fund announced its final close on Sept. 27, with approximately $278 million in commitments.

Fund X represents the latest offering within the firm’s global platform. Primarily targeting small- and mid-sized funds and transactions, Fund X aims to provide investors with a balanced portfolio of private market investments by diversifying across primaries, secondaries and equity and credit co-investments, as well as identifying those managers believed to be capable of creating and driving value through operational improvements at the portfolio company level. The Fund’s investor base is comprised of a diverse mix of limited partners, including public pension funds, Taft-Hartley pension plans, endowments, foundations and other institutions.

The Ropes & Gray team advising Hamilton Lane was led by asset management partner Peter Laybourn and included tax & benefits partners Bill Jewett and Jay Milkes, tax & benefits counsel Seth Piken, asset management associates Zakk Wedemeyer, Kaitlin Raymond and Justin Kliger, and tax & benefits associate Denise Sohn.

Ropes & Gray also advised Hamilton Lane on three previous Strategic Opportunities Funds, Fund V, Fund IV, and on Hamilton Lane Strategic Opportunities Fund 2017, also led by asset management partner Peter Laybourn.

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