Hamilton Lane is set to launch its first RMB-denominated fund, aiming to raise between 1 billion and 1.5 billion RMB ($150 million to $220 million) by year-end. The fund will source capital from Chinese investors, marking a strategic expansion into the local market. Previously, Hamilton Lane utilized the QFLP mechanism to convert USD funds into RMB for investments in China. The firm has also made significant strides in the crypto sector, investing in the on-chain platform Republic and managing a tokenized credit fund on the Polygon network. Its Senior Credit Opportunities Securitization Fund, valued at approximately $9 million, focuses on senior secured private credit and loans in North America and Europe.