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Hamilton Lane Incorporated (Nasdaq: HLNE) is a prominent global private markets investment management firm. With a history spanning over three decades, Hamilton Lane has become a cornerstone in the private investment landscape. The firm is dedicated to providing innovative investment solutions to institutional and private wealth investors worldwide. As of December 31, 2023, the firm oversees approximately $903 billion in assets under management and supervision, with $120 billion in discretionary assets and nearly $783 billion in non-discretionary assets.
Headquartered in Conshohocken, Pennsylvania, Hamilton Lane operates from offices across North America, Europe, Asia Pacific, and the Middle East, employing nearly 700 professionals. These offices include significant presences in major financial hubs such as New York, London, Hong Kong, Rio de Janeiro, Tel Aviv, and Tokyo.
Hamilton Lane provides a diversified array of private market investment products and services, encompassing private equity, private credit, real estate, infrastructure, natural resources, growth equity, venture capital, and impact investments. Their expertise extends to building flexible investment programs that enable clients to access the full spectrum of private market strategies, sectors, and geographies.
The firm generates revenue primarily through management and advisory fees, reflecting its role in managing and supervising client portfolios. This broad and customized client service includes conceiving, structuring, building, managing, and monitoring portfolios of private market funds and direct investments.
Recent Developments:
- March 4, 2024: Hamilton Lane announced pricing of an underwritten public offering of 1,922,322 shares of Class A common stock, generating gross proceeds of approximately $210 million.
- March 7, 2024: Hamilton Lane released its annual Market Overview, offering a comprehensive data-driven analysis of the private markets.
- April 10, 2024: Hamilton Lane expanded its Canadian operations with a larger office in Toronto, reflecting continued growth in the region.
- May 1, 2024: Hamilton Lane participated in a $47 million funding round for Securitize, a leader in tokenizing real-world assets.
- May 23, 2024: Hamilton Lane reported strong financial results for the fiscal year ending March 31, 2024, continuing its trend of robust growth and performance.
For more information about Hamilton Lane, please visit their official website at www.hamiltonlane.com.
Hamilton Lane (Nasdaq: HLNE) reported strong financial results for fiscal year 2024, ending March 31, 2024. Assets under management (AUM) grew by 11% to $124 billion, while fee-earning AUM increased by 15% to $66 billion. Revenue from management and advisory fees surged 22% to $451.9 million. The unrealized carried interest balance rose 19% to $1.2 billion. The company achieved a GAAP EPS of $3.69 with a net income of $140.9 million. Additionally, Hamilton Lane declared a quarterly dividend of $0.49 per share, aiming for a full-year dividend increase of 10% to $1.96 per share. Co-CEO Erik Hirsch highlighted robust growth and strategic focus on delivering value to clients and shareholders.
Hamilton Lane's Global Private Assets Fund (GPA) has reached a significant milestone, achieving approximately $4 billion in assets under management (AUM) and a five-year track record of performance. Launched in 2019, GPA has delivered an annualized net performance of 14% as of March 31, 2024. The fund offers investors diversified exposure to private equity through a single commitment, covering buyout, credit, and venture capital/growth investments globally. GPA is accessible to retail and wholesale investors across multiple regions including Australia, New Zealand, Canada, Europe, Asia, Latin America, and the Middle East. The fund is part of Hamilton Lane's Evergreen Platform, which now reaches nearly $7 billion in total AUM, with plans for additional offerings underway.
Hamilton Lane Incorporated (Nasdaq: HLNE) is set to announce its financial results for the fourth fiscal quarter and full fiscal year ended March 31, 2024, on May 23, 2024. The company will host a conference call to discuss these results. Hamilton Lane is a leading private markets investment firm with approximately $903 billion in assets under management and supervision.
Securitize, a leader in tokenizing real-world assets, secured a $47 million funding round led by BlackRock, with participation from Hamilton Lane, ParaFi Capital, and Tradeweb Markets. The investment highlights Securitize's efforts in digitizing capital markets with blockchain technology, fueling innovation and expansion. BlackRock appointed a board member, emphasizing the potential of blockchain technology in reshaping finance. The funding coincided with the launch of BlackRock's tokenized fund on Ethereum, reinforcing the partnership.
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