[Hamilton Lane Plans to Raise $220 Million for Its First RMB Fund] Odaily Planet Daily News: Private market investment management giant Hamilton Lane is preparing its first RMB-denominated fund, targeting a fundraising amount of approximately 1 billion to 1.5 billion RMB (about $150 million to $220 million), with plans to complete by the end of this year. Sources reveal that the fund will focus on raising capital from investors within China. Hamilton Lane previously raised USD funds through the Qualified Foreign Limited Partner (QFLP) mechanism and converted them into RMB to invest in domestic Chinese assets. Hamilton Lane has also made moves in the crypto space, strategically investing in the on-chain investment platform Republic this March, with its tokenized credit fund already hosted on-chain. (Bloomberg)