Hamilton Lane Inc Stock Price, News & Analysis

Hamilton Lane (NASDAQ: HLNE) will manage the Future Initiative, a $1 billion program by the Massachusetts Pension Reserves Investment Management Board (PRIM) to invest in emerging-diverse managers over two years. This expands Hamilton Lane's long-standing relationship with PRIM, enhancing its role in diversifying investment management. As of September 30, 2021, Hamilton Lane invested $3.4 billion in diverse managers, achieving a 29.63% IRR over five years, significantly outperforming major indices. The program aims to break down barriers for diverse managers in private equity.

Hamilton Lane Incorporated (NASDAQ: HLNE) reported strong results for Q2 fiscal 2022, achieving a 32% increase in total assets under management, reaching $96 billion. Fee-earning assets grew by 14% to $45 billion. The company generated $75.9 million in management and advisory fees, reflecting a 14% year-over-year growth. GAAP EPS stood at $1.41 with net income of $52.1 million. A quarterly dividend of $0.35 per share was declared, representing a 12% increase from last year.

Hamilton Lane's global evergreen platform has grown to $1.6 billion in assets in just over two years since its launch, driven by increasing demand for private market investments. The firm introduced the Private Assets Fund (PAF) in early 2021, allowing qualified U.S. clients access to a diversified portfolio of private equity and credit. The Global Private Assets Fund (GPA), launched in 2019, has also seen robust growth, with annualized returns of 16.59%. The firm aims to widen access to private markets for diverse investors, confirming strong market interest and performance.

TIFIN recently announced a successful completion of $47 million in Series C funding, reflecting a valuation nearly five times higher than its Series A. The funding round included strategic investment from Hamilton Lane (NASDAQ:HLNE), alongside existing investors like J.P. Morgan and Morningstar. TIFIN's innovative fintech platform aims to enhance wealth management through personalized AI-driven solutions, addressing the growing demand for better investment experiences. The new capital will support TIFIN's growth and further acquisitions.

RealEats, a meal delivery service, raised $16.3 million in Series A funding, led by Hamilton Lane on behalf of the New York State Common Retirement Fund. The investment aims to expand RealEats nationally and enhance its product offerings, responding to increased demand for healthy meals. The company will relocate to a new 80,000 square foot facility in Geneva, NY, creating jobs and supporting the local community. GNC and other investors joined the round, with GNC planning to sell RealEats meals on its platform.

Hamilton Lane (NASDAQ: HLNE) will release its second fiscal quarter financial results on November 2, 2021, before market opening. A conference call will be held at 11:00 a.m. ET to discuss these results, with pre-registration available online. The firm manages approximately $757 billion in assets, which includes $92 billion in discretionary assets and $665 billion in advisory assets as of June 30, 2021. Hamilton Lane has been dedicated to private markets investment management for over 30 years.

Hamilton Lane has announced a public offering of 950,751 shares of Class A common stock, priced to generate approximately $81 million in gross proceeds. The offering is set to close on September 10, 2021, subject to customary conditions. Proceeds will be used to settle cash exchanges of membership units in Hamilton Lane Advisors held by members, with no funds directed to the firm from shares sold by stockholders. Morgan Stanley is the underwriter for this offering, conducted under an effective shelf registration statement with the SEC.