Last October, Hamilton Lane (HLNE) – an investment management firm with $824 billion in assets under management and supervision – announced plans to tokenize three of its funds under a partnership with digital assets securities company Securitize to make private market funds available to a broader set of investors.

The Pennsylvania-based company has now opened the first of those funds, it said in a statement shared with CoinDesk. The flagship Equity Opportunities Fund V recently closed with $2.1 billion in investor commitments, and the firm is making a portion accessible to individual investors through a tokenized feeder fund on Securitize that’s backed by the Polygon blockchain. The fund offers “diversified exposure to unique and differentiated deals through an efficient fee structure,” according to Hamilton Lane.

With the tokenized version of the feeder fund, the minimum investment amount drops to $20,000 from at least $5 million for the traditional version.

Hamilton Lane plans to launch the previously announced two additional feeder funds, which offer exposure to private credit and secondary transactions, in the coming months.

(By Brandy Betz)