Hamilton Lane Incorporated - HLNE STOCK NEWS

Hamilton Lane (Nasdaq: HLNE) has launched two new evergreen funds, expanding access to private market infrastructure investments for accredited investors globally. The Hamilton Lane Global Private Infrastructure Fund (HLGPI) is available to qualified investors in EMEA, Australia, Canada, Latin America, and Southeast Asia, while the Hamilton Lane Private Infrastructure Fund (HLPIF) is available to U.S. clients.

These funds aim to provide exposure to an institutional-quality, global portfolio of infrastructure assets through a single investment, focusing on core plus and value add assets. They target both capital appreciation and income, offering monthly or quarterly redemptions. The funds seek to capitalize on opportunities across power, transportation, data and telecommunications, environmental, and energy sectors.

This launch builds on Hamilton Lane's existing $8.1 billion Evergreen Platform and nearly $72 billion infrastructure platform. The firm has been designing infrastructure-focused separate account mandates for over 24 years, aiming to deliver attractive performance relative to benchmarks.

VFN Holdings, Inc (Vero Networks) has secured $80 million in preferred equity financing to accelerate fiber construction growth. The investment, led by Delta-v Capital and funds managed by Hamilton Lane, will enable Vero to:

• Build fiber to the home in underserved communities
• Finance accretive business acquisitions
• Facilitate wholesale and large enterprise opportunities

Vero, founded in 2017 by digital infrastructure industry veterans, has expanded to 237 markets in 20 states, serving over 21,000 customers. The funding will support Vero's mission to enable digital communications and connectivity solutions in under-connected areas across the United States.

Hamilton Lane and Securitize have announced that qualified investors can now access Hamilton Lane's Secondary Fund VI exclusively through the Securitize platform. The fund, which closed in June 2024 with a record $5.6 billion in commitments, will be available on the Polygon blockchain. This offering follows previous successful tokenized fund launches, including the Equity Opportunities Fund V and the Senior Credit Opportunities Fund (SCOPE).

The Secondary Fund VI tokenized feeder fund significantly reduces the minimum investment from $5 million to $20,000, broadening access to this high-performing asset class. Hamilton Lane's secondary platform now represents approximately $21.0 billion in assets under management as of June 30, 2024. The collaboration aims to leverage blockchain technology to streamline the investment process and remove barriers for individual investors.

Hamilton Lane (Nasdaq: HLNE) has been named North American LP of the Year by Private Equity Women Investor Network (PEWIN) for 2024. This award recognizes the firm's commitment to supporting women investors in private equity. Hamilton Lane has implemented several initiatives to promote diversity and inclusion, including the Belong@HamiltonLane strategy and partnerships with organizations like Girls Who Invest and Big Brothers Big Sisters.

The firm's efforts have resulted in significant diversity within its workforce: 50% of Hamilton Lane's global employee base and 45% of senior leadership are women and ethnically diverse employees. These achievements reflect the company's long-standing commitment to advancing underrepresented groups in the private markets industry.

Hamilton Lane Incorporated (Nasdaq: HLNE) reported strong first quarter fiscal 2025 results, with significant growth across key metrics. Total assets under management increased 11% year-over-year to $129.7 billion, while fee-earning assets grew 13% to $67.7 billion. Management and advisory fees surged 33% to $140.0 million compared to the prior year period.

The company's unrealized carried interest balance rose 12% to approximately $1.2 billion. GAAP earnings per share stood at $1.47, with GAAP net income of $59.0 million for the quarter. Hamilton Lane declared a quarterly dividend of $0.49 per share, targeting a full-year dividend of $1.96, representing a 10% increase from the previous fiscal year.

Hamilton Lane (Nasdaq: HLNE) has announced the creation of a dedicated Insurance Solutions team, formalizing its efforts to serve insurers and enhance its focus on investments and client support. The team will be led by John Brecker, Head of Insurance Solutions, and includes two new senior appointments: Eric Solfisburg as Insurance Strategist and Kyle Ross in the Insurance Client Solutions team.

This move builds on Hamilton Lane's nearly 30-year track record of working with insurers, managing or overseeing nearly $92 billion on behalf of insurers globally. The team aims to develop and implement investment solutions tailored to insurers seeking attractive returns in a capital-efficient manner, leveraging the firm's depth, scale, and proprietary private markets data analytics platform, Cobalt.

Avista Capital Partners and Hamilton Lane (Nasdaq: HLNE) have announced a partnership in Cosette Pharmaceuticals, a US-based specialty pharmaceutical company. Funds managed by Hamilton Lane have acquired a significant equity interest in Cosette from Avista and its co-investors. The partnership aims to accelerate innovation and growth for Cosette, which has shown robust EBITDA growth and free cash flow generation since Avista's initial investment in 2018.

Under new management, Cosette has successfully launched new products, expanded its portfolio through acquisitions and licensing deals, and diversified into branded products. The transaction enhances Cosette's balance sheet, enabling further investments in R&D and strategic acquisitions. Cosette also entered into new financing agreements with Hayfin Capital Management and a banking consortium.

Hamilton Lane Incorporated (Nasdaq: HLNE) will release its first quarter fiscal 2025 financial results on August 6, 2024, before market open. The company will host a conference call and webcast at 11:00 a.m. ET on the same day to discuss the results. Investors can access the live webcast and replay through the Hamilton Lane Shareholders website.

Hamilton Lane is a leading private markets investment firm with a global presence. As of March 31, 2024, the firm manages over $920 billion in assets, including $124 billion in discretionary assets and $796 billion in non-discretionary assets. With approximately 700 professionals worldwide, Hamilton Lane offers innovative solutions to institutional and private wealth investors, specializing in flexible investment programs across private markets strategies, sectors, and geographies.

Canoe Intelligence announced raising $36 million in a Series C funding round led by Goldman Sachs, with participation from F-Prime Capital and Eight Roads. This funding increases Canoe's valuation by over three times since its Series B in 2023, marking a significant milestone for the company's growth.

The capital will be used to advance Canoe's AI-driven financial technology platform for alternative investors, enhancing its back-to-front office capabilities. The company has achieved 100% year-over-year growth in clients and revenue, and serves over 1,000 LPs with its automated data management solutions.

Goldman Sachs highlighted Canoe's potential in streamlining alternative investment data, noting the firm's extensive client base, which includes Blackstone and Hamilton Lane. Canoe's technology processes over 25 million documents annually, significantly boosting operational efficiency.