June 19 (Reuters) - Hamilton Lane ( HLNE ) raised $5.6

billion as part of its Hamilton Lane Secondary Fund VI,

exceeding its initial target, the investment management company

said late on Tuesday.

The fundraising, the biggest in the firm's history, saw

strong support from a diverse group of new and existing

investors with the fund exceeding its $5 billion target, the

company said in a statement.

The company did not mention what it will use the proceeds

for.

Geopolitical pressures and economic uncertainties have

recently dampened investor sentiment which has weighed on

private equity fundraising globally.

Hamilton Lane Secondary Fund VI (Fund VI), part of the

company's secondaries platform, follows a fundraising by its

Secondary Fund V which closed at $3.9 billion in commitments in

2021.

Hamilton's secondaries platform represents $20.9 billion in

assets under management as of March 31.

"The circumstances driving appetite for liquidity in the

market continue to grow, and we are excited to sit in a

compelling position with what we believe is one of the most

experienced and cohesive secondary platforms," Tom Kerr, co-head

of investments and global head of secondary investments, said in

a statement.