Hamilton Lane-led consortium to acquire Asia continuation fund of L Catterton for $360m.

Hamilton Lane-led consortium to acquire Asia continuation fund of L Catterton, a private equity firm, for $360m. “Despite the relatively uncertain macro environment, we continue to believe in the fundamental growth of consumer markets in Asia, and in particular the trend of consumption upgrade in emerging Asia driven by the rapid expansion of middle-class consumers. We are thrilled to be able to announce this attractive transaction, which includes high-quality assets across multiple Asian countries and which was managed by L Catterton, a general partner with longstanding experience and strong operational capabilities in this space. The innovative structure of this deal also demonstrates Hamilton Lane’s expertise and competitive edge within the secondary market, and we look forward to exploring more unique and interesting opportunities across Asia,” Mingchen Xia, Hamilton Lane Co-Head of Asia Investments.