Hamilton Lane buys stake in SL Capital fund

Hamilton Lane has purchased a fund stake in SL Capital’s European Strategic Partners 2004, according to a UK regulatory filing.

Hamilton Lane bought the interest via two funds, including Hamilton Lane Private Equity Fund IX, a fund of funds that launched earlier this year and is targeting $400 million, according to PEI’s Research and Analytics division. The other fund is Hamilton Lane Strategic Opportunities 2015, which also launched this year, according to a Securities and Exchange Commission regulatory filing from January.

Okabena Private Markets Fund was the seller. The fund is managed by Okabena, a wealth manager and investment advisor firm to family offices.

SL Capital declined to comment. Okabena and Hamilton Lane did not return requests for comment.

European Strategic Partners 2004 is a €850 million fund of funds that closed in 2004 and that makes investments in Western Europe.

Limited partners in the fund include San Bernadino County Employees’ Retirement Association, West Yorkshire Pension Fund, Cornwall Council Pension Fund, the Skillman Foundation in Detroit and German insurance company Hannoversche Lebensversicherung AG, according to PEI data.