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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) has been named a "Best Place to Work in Money Management" by Pensions & Investments for the 11th consecutive year, one of only five firms to achieve this milestone. The firm has experienced significant growth, with a 43% increase in employee count since 2020, now exceeding 570 employees, and expanding its office presence by 31% globally. Hamilton Lane currently manages nearly $824 billion in assets, evidencing its substantial market position and commitment to a strong workplace culture.
Hamilton Lane Alliance Holdings I announced its intent to dissolve due to failing to complete a business combination by the deadline set in its Amended Charter. The liquidation takes effect on December 15, 2022, with Class A common stock redeemable at $10.08 per share. Trading of these shares will end on Nasdaq after December 14, 2022. The company plans to liquidate trust account securities and will issue redemption amounts within 10 business days post-liquidation. The sponsor has waived redemption rights for Class B shares, while warrants will expire worthless.
Figure Technologies has partnered with Apollo (NYSE: APO) and Hamilton Lane (NASDAQ: HLNE) to launch digitally native investment vehicles via Figure's Digital Fund Services (DFS). This platform utilizes the Provenance Blockchain to enhance private market investing through improved accessibility, liquidity, and operational efficiency. Key features include on-chain fund subscriptions, Universal Passporting for KYC credentials, and an alternative trading system for secondary transactions. Figure aims to work with more industry leaders to harness blockchain's potential in financial services.
Hamilton Lane (NASDAQ: HLNE) announced the appointment of Ryan Jaggers as Managing Director, Head of Insurance Solutions, reinforcing its commitment to the growing interest of institutional insurance providers. Jaggers, who previously led North American Insurance Solutions at Morgan Stanley, will collaborate with client solutions teams to develop strategic sales plans for the U.S. insurance market. With over $93 billion in assets under management across the insurance marketplace, Hamilton Lane aims to strengthen its service offerings amidst the evolving private markets landscape.
Hamilton Lane Incorporated (NASDAQ: HLNE) reported robust second quarter fiscal 2023 results as of September 30, 2022. Total assets under management reached $107.1 billion, up 12% year-over-year, while fee-earning assets rose 18% to $52.7 billion. Management and advisory fees increased by 22% to $92.9 million. GAAP earnings per share stood at $0.97 on a net income of $34.9 million. The firm declared a quarterly dividend of $0.40 per share, representing a 14% increase in the target full-year dividend to $1.60.
Hamilton Lane (NASDAQ: HLNE) has partnered with Figure Technologies to launch three new share classes for its Private Assets Fund (PAF). This initiative marks the first instance of a 1940 Act registered investment fund offering digitally-native share classes, utilizing Provenance Blockchain for enhanced transfer agent services and investor liquidity. The Fund aims to broaden access for qualified U.S. investors, providing a diversified portfolio of private equity and private credit assets through Figure's Digital Fund Services. This collaboration emphasizes Hamilton Lane's commitment to transforming the private markets through innovative technology.
Novata, a leading ESG data management platform for private markets, has received the Network 20/20 Global Innovators Award for Governance and Institutions. This recognition highlights Novata’s commitment to sustainable capitalism through technology. Backed by key organizations including S&P Global (NYSE: SPGI) and Hamilton Lane (NASDAQ: HLNE), the platform aids in ESG metric selection, data collection, and investment analysis. The award, accepted by Lorraine Spradley-Wilson, acknowledges Novata's collaboration with industry experts to address ESG challenges. The company aims to simplify ESG data management for private markets.
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