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Hamilton Lane Launches Private Credit Fund SCOPE on Solana Chain

Hamilton Lane, the world's leading alternative asset investor with assets under management of over $900 billion, announced on Tuesday the launch of the Senior Credit Opportunities Fund (SCOPE), a private credit fund, on the Solana blockchain. To that end, Hamilton Lane has teamed up with Libre, a Web3 protocol for issuing and distributing funds on Polygon, a joint venture between WebN Group, owned by hedge fund Brevan Howard, and Laser Digital, the crypto arm of Nomura. Avtar Sehra, chief executive and founder of Libre, said tokenising SCOPE offered an opportunity to deepen Hamilton Lane distribution by servicing "a large number of high net worth cryptocurrency native" traders.