Fund of private equity fund house Hamilton Lane has transferred Juan Delgado-Moreira from its London office to Hong Kong where he will continue to run both the Asian and European businesses.

It's a continuation of his existing role, so he doesn't replace anyone and will keep on reporting to CEO Erik Hirsch. Before joining in 2005, he worked with Baring Private Equity Partners in London.

In a release, Hamilton Lane described the move as "an important step in developing the firm's global platform". The growth in its Hong Kong office has been building gradually with hires such as Jackson Chan from Ramius Capital in mid-2010 to run regional sales.

Hamilton Lane is now up to its seventh fund of private equity funds. It manages $14 billion in funds of funds and managed accounts and advises on a further $70 billion of private equity portfolios.

This latest global fund has a 10-year tenor and targets returns of about 20% a year. Investors can choose specific geographic allocations. There is a ‘US series’ and a ‘non-US series’. By choosing the US series, your money is invested solely into US private equity funds. Otherwise, the default allocation is 60% US funds and 40% non-US.

Hamilton Lane also has a separate fund just for secondary interests in private equity funds and another exclusively for co-investments. Both are currently closed to new investment, but new funds may be launched next year.

Hamilton Lane has a broad portfolio of clients across Asia, including financial institutions, pension funds and high-net-worth individuals. Hong Kong is one of 10 offices globally for the firm.