Hamilton Lane has launched its second impact-investing fund, seeking to capitalise on strong demand for investment vehicles that aim to achieve environmental, social and governance goals alongside financial returns.

The firm is targeting $400 million for the vehicle, Hamilton Lane Impact Fund II, according to a person familiar with the matter. If the firm achieves that goal, it would be a more than fourfold increase from the firm’s first impact fund, which closed at about $95 million last year.

 Hamilton Lane is an alternative investment management firm providing innovative private markets services to sophisticated investors around the world. They seek to access top-tier venture and growth equity companies through funds, secondaries and direct investments.

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