Woofun AI reports that Hamilton Lane is establishing its first RMB-denominated fund, targeting a raise of 1 billion to 1.5 billion RMB ($150 million to $220 million). The fund is scheduled to close by the end of this year, sourcing capital exclusively from investors within China. Previously, the firm utilized the Qualified Foreign Limited Partner mechanism to convert dollar funds for domestic asset investment. Hamilton Lane also maintains crypto exposure through a March strategic investment in Republic, with tokenized credit funds held on-chain.