Hamilton Lane Announces Public Offering of Class A Common Stock

Rhea-AI Summary

Hamilton Lane (Nasdaq: HLNE) has announced an underwritten public offering of 1,572,536 shares of Class A common stock, to be sold by both the company and a selling stockholder. The private markets asset management firm plans to use its portion of the proceeds to settle cash exchanges of membership units in Hamilton Lane Advisors held by certain members. The company will not receive any proceeds from the selling stockholder's share sale.

Morgan Stanley is serving as the book-running manager and underwriter for the offering. The offering is being conducted under an effective shelf registration statement (Registration No. 333-283233) filed with the SEC.

Positive

• Company can settle membership unit exchanges through cash, potentially simplifying ownership structure

Negative

• Share offering will likely result in dilution for existing shareholders
• Company receives no proceeds from selling stockholder's portion of the offering

News Market Reaction

-5.89%

1 alert

-5.89% News Effect

On the day this news was published, HLNE declined 5.89%, reflecting a notable negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

CONSHOHOCKEN, Pa., Feb. 10, 2025 /PRNewswire/ -- Private markets asset management firm Hamilton Lane Incorporated (Nasdaq: HLNE) ("Hamilton Lane") today announced that it has commenced an underwritten public offering of 1,572,536 shares of Class A common stock, in the aggregate, to be sold by Hamilton Lane and a selling stockholder, subject to market and other conditions. 

Hamilton Lane intends to use the proceeds from the sale of its shares to settle in cash exchanges of membership units in Hamilton Lane Advisors, L.L.C. held by certain of its members. Hamilton Lane will not receive any proceeds from the sale of shares by the selling stockholder.

Morgan Stanley is acting as book-running manager and underwriter for this offering.

The offering is being made pursuant to an effective shelf registration statement (Registration No. 333-283233), including a prospectus and related prospectus supplement, filed by Hamilton Lane with the Securities and Exchange Commission ("SEC"). These documents may be obtained for free by visiting the SEC's website at http://www.sec.gov or by contacting:

Morgan Stanley & Co. LLC
Attention: Prospectus Department
180 Varick Street, 2nd Floor
New York, New York 10014

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.

About Hamilton Lane 

Hamilton Lane (Nasdaq: HLNE) is one of the largest private markets investment firms globally, providing innovative solutions to institutional and private wealth investors around the world. Dedicated exclusively to private markets investing for more than 30 years, the firm currently employs approximately 740 professionals worldwide operating in offices throughout North America, Europe, Asia Pacific and the Middle East. Hamilton Lane has $956 billion in assets under management and supervision, composed of nearly $135 billion in discretionary assets and more than $821 billion in non-discretionary assets, as of December 31, 2024. Hamilton Lane specializes in building flexible investment programs that provide clients access to the full spectrum of private markets strategies, sectors and geographies.

Forward-Looking Statements

Some of the statements in this release may constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. Words such as "will," "expect," "believe," "estimate," "continue," "anticipate," "intend," "plan" and similar expressions are intended to identify these forward-looking statements. Forward-looking statements discuss management's current expectations and projections relating to, among other things, the anticipated amount and terms of the offering and whether the offering will be completed. All forward-looking statements are subject to known and unknown risks, uncertainties and other important factors that may cause actual results to be materially different. For more information regarding the risks and uncertainties that we face, you should refer to the "Risk Factors" detailed in the prospectus and prospectus supplement related to the offering, as well as those in Part I, Item 1A of our Annual Report on Form 10-K for the fiscal year ended March 31, 2024 and in our subsequent reports filed from time to time with the SEC. The forward-looking statements included in this release are made only as of the date hereof. We undertake no obligation to update or revise any forward-looking statement as a result of new information or future events, except as otherwise required by law.

 

View original content:https://www.prnewswire.com/news-releases/hamilton-lane-announces-public-offering-of-class-a-common-stock-302372764.html

SOURCE Hamilton Lane

FAQ

How many shares is Hamilton Lane (HLNE) offering in its February 2025 public offering?

Hamilton Lane is offering 1,572,536 shares of Class A common stock in total, to be sold by both the company and a selling stockholder.

What is the purpose of Hamilton Lane's (HLNE) 2025 share offering?

The company plans to use its proceeds to settle cash exchanges of membership units in Hamilton Lane Advisors held by certain members.

Who is the underwriter for Hamilton Lane's (HLNE) February 2025 stock offering?

Morgan Stanley is acting as the book-running manager and underwriter for the offering.

Will Hamilton Lane (HLNE) receive proceeds from all shares in the offering?

No, Hamilton Lane will not receive any proceeds from the shares sold by the selling stockholder, only from its own share sale.