Founded in 1991, Hamilton Lane had more than $332 billion in total assets under management and supervision as of this past Dec. 31. The firm has been more active in real estate investment since 2011, when it hired industry veteran Jerome Gates to lead its real assets platform.

BALA CYNWYD, PA—Hamilton Lane, the alternative investment management firm that went public earlier this year, said Wednesday it had closed its latest secondary fund at $1.9 billion. More than twice the size of its 2013 predecessor, Hamilton Lane Secondary Fund IV L.P. drew on a globally diverse base of investors.

Fund IV originally targeted $1.25 billion, or a little less than twice the $650-million target of Fund III. The previous fund also closed oversubscribed, at a hard cap of $900 million.

“We are grateful for the strong interest and support from a diverse group of sophisticated global limited partners—both new and existing investors—that led to Fund IV closing oversubscribed and above target,” says Ryan Cooney, product manager of Hamilton Lane's secondary platform. “What resonated with our investor base and led to the strong interest in our largest-ever fundraise was our ability to find interesting opportunities with quality GPs and assets, and in turn to deploy that capital, reinvest back into our team and platform and strengthen our position in the market.”

Fund IV counts more than 110 LPs among its investors. They include Taft-Hartley pension plans, corporate and public pensions, sovereign wealth funds, family offices, endowments, foundations and other financial institutions.

Founded in 1991, Hamilton Lane had more than $332 billion in total assets under management and supervision as of this past Dec. 31. The firm has been more active in real estate investment since 2011, when it hired industry veteran Jerome Gates to lead its real assets platform.