$900 Billion AUM Hamilton Lane Launches First Private Credit Fund on Solana Blockchain

Jul 23, 2024, 11:37 AM

Hamilton Lane, a prominent asset manager with over $900 billion in assets under management (AUM), has launched a private credit fund on the Solana blockchain. This move marks the first time an asset manager of this scale has utilized the Solana network for such a fund. The initiative aims to democratize access to alternative investments, traditionally available only to high-net-worth individuals due to high minimum investment requirements. Through Solana, accredited investors can now invest in private credit funds with a minimum investment of $10,000, significantly lower than the typical $250,000. Libre, an institutional Web3 infrastructure provider, is partnering with Hamilton Lane to facilitate this offering. The tokenization of the fund is expected to broaden Hamilton Lane's distribution by reaching mass affluent and crypto-native traders. Institutional tokenization firm LibreCap is also bringing its range of blockchain-based funds to the Solana network, including BH Digital Assets.