Hamilton Lane Incorporated - HLNE STOCK NEWS

Hamilton Lane Incorporated (NASDAQ: HLNE) will release its financial results for Q3 before the market opens on February 1, 2022. A conference call will take place at 11:00 a.m. ET on the same day to discuss the results. Participants must pre-register to ask questions and can access the call via the company's Shareholders page. Hamilton Lane manages $805 billion in assets, including $96 billion in discretionary assets and $709 billion in advisory assets as of September 30, 2021.

Hamilton Lane (NASDAQ: HLNE) has announced an interim close of its Impact Fund II, accumulating total commitments of $198.5 million since its launch in April 2021. This fund has gained significant traction, surpassing its predecessor's size within five months. Fund II targets attractive private equity returns alongside social and environmental benefits, investing in sectors like clean energy, health, and community development. The firm manages over $2.5 billion in impact strategies and $805 billion in assets overall, underscoring its expertise in private markets investment.

On December 13, 2021, Hamilton Lane (NASDAQ: HLNE) was recognized as a "Best Place to Work in Money Management" for the 10th consecutive year by Pensions & Investments. The firm, which also celebrated its 30th anniversary, was one of only five companies to achieve this milestone. CEO Mario Giannini highlighted the team's dedication and resilience amid the pandemic. In addition, Hamilton Lane was included in Inc. magazine's inaugural Best-Led Companies list, reflecting strong leadership and positive workplace culture. The firm manages $805 billion in assets.

Hamilton Lane (NASDAQ: HLNE) will manage the Future Initiative, a $1 billion program by the Massachusetts Pension Reserves Investment Management Board (PRIM) to invest in emerging-diverse managers over two years. This expands Hamilton Lane's long-standing relationship with PRIM, enhancing its role in diversifying investment management. As of September 30, 2021, Hamilton Lane invested $3.4 billion in diverse managers, achieving a 29.63% IRR over five years, significantly outperforming major indices. The program aims to break down barriers for diverse managers in private equity.

Hamilton Lane Incorporated (NASDAQ: HLNE) reported strong results for Q2 fiscal 2022, achieving a 32% increase in total assets under management, reaching $96 billion. Fee-earning assets grew by 14% to $45 billion. The company generated $75.9 million in management and advisory fees, reflecting a 14% year-over-year growth. GAAP EPS stood at $1.41 with net income of $52.1 million. A quarterly dividend of $0.35 per share was declared, representing a 12% increase from last year.

Hamilton Lane's global evergreen platform has grown to $1.6 billion in assets in just over two years since its launch, driven by increasing demand for private market investments. The firm introduced the Private Assets Fund (PAF) in early 2021, allowing qualified U.S. clients access to a diversified portfolio of private equity and credit. The Global Private Assets Fund (GPA), launched in 2019, has also seen robust growth, with annualized returns of 16.59%. The firm aims to widen access to private markets for diverse investors, confirming strong market interest and performance.

TIFIN recently announced a successful completion of $47 million in Series C funding, reflecting a valuation nearly five times higher than its Series A. The funding round included strategic investment from Hamilton Lane (NASDAQ:HLNE), alongside existing investors like J.P. Morgan and Morningstar. TIFIN's innovative fintech platform aims to enhance wealth management through personalized AI-driven solutions, addressing the growing demand for better investment experiences. The new capital will support TIFIN's growth and further acquisitions.

RealEats, a meal delivery service, raised $16.3 million in Series A funding, led by Hamilton Lane on behalf of the New York State Common Retirement Fund. The investment aims to expand RealEats nationally and enhance its product offerings, responding to increased demand for healthy meals. The company will relocate to a new 80,000 square foot facility in Geneva, NY, creating jobs and supporting the local community. GNC and other investors joined the round, with GNC planning to sell RealEats meals on its platform.