Private markets specialist Hamilton Lane has expanded its presence in Asia with a new office in Shanghai.
Hamilton Lane has officially opened a new office in Shanghai, according to a statement.
Mingchen Xia, managing director and co-head of Asia investments, will lead the Shanghai team which currently consists of seven professionals across investment, client solutions, compliance and risk management teams.
This marks the firm’s sixth location in the APAC region, alongside offices in Hong Kong, Seoul, Singapore, Sydney and Tokyo.
QFLP
Hamilton Lane has made various inroads in China, including the obtainment of a Shanghai Qualified Foreign Limited Partner (QFLP) pilot status in May 2022. QFLP is a structure that allows foreign investors to convert US dollars to Chinese renminbi (RMB) and make investments in RMB private markets.
«With this approval, Hamilton Lane becomes the first institution in Shanghai to establish a secondary fund through a QFLP structure,» the statement said.
Hamilton Lane has been exclusively dedicated to private markets investing for more than 30 years. Currently, the firm employs nearly 600 professionals globally with approximately $832 billion in assets under management and supervision.
