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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 announced the final closing of its largest co-investment fund, the Hamilton Lane Equity Opportunities Fund V, with total commitments reaching $2.1 billion. The fund attracted a broad mix of investors, including public pensions and sovereign wealth funds. Since mid-2020, Hamilton Lane has raised approximately $3.7 billion across its Direct Equity platform. Fund V aims to provide diversified exposure to unique deals, supported by a global team of 30 professionals and over $13 billion in discretionary assets.
Novata has appointed Meredith Binder as Chief Marketing Officer and Beth Meyer as Chief Legal Officer, strengthening its leadership team in the ESG data management sector. Binder previously led marketing at S&P Global (NYSE: SPGI), while Meyer comes from Techstars, focusing on ESG compliance. Both executives are set to enhance Novata's mission to advance sustainable capital practices. Supported by major organizations like the Ford Foundation and Hamilton Lane (NASDAQ: HLNE), Novata aims to solidify its position in providing essential ESG insights for private market stakeholders.
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.
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