Hamilton Lane Inc Stock Price, News & Analysis

Hamilton Lane (NASDAQ: HLNE) has announced the opening of its fifth Asia Pacific office in Singapore, reinforcing its commitment to the region. This expansion follows over 16 years of activity in APAC and aims to enhance client service and investment activities. Xiaying Zhang has been appointed as head of the Singapore office, supported by Jensen Tam in Relationship Management. The firm plans to hire additional investment professionals. With approximately $516 billion in assets under management, Hamilton Lane continues to provide innovative private market solutions globally.

Hamilton Lane (NASDAQ: HLNE) will announce its Q2 financial results before market opens on November 4, 2020. The company will hold a conference call and webcast at 11:00 a.m. ET on the same day to discuss the results. Investors can pre-register to ask questions during the call. As of June 30, 2020, Hamilton Lane managed approximately $516 billion in assets, with $68 billion in discretionary assets. The firm has been dedicated to alternative investments for 29 years and employs over 400 professionals globally.

Hamilton Lane (NASDAQ: HLNE) has been awarded the International LP of the Year for 2020 by the Private Equity Women Investor Network (PEWIN). This recognition highlights the firm's commitment to enhancing female participation within the private equity sector. CEO Mario Giannini emphasized the importance of this moment for underrepresented groups. Hamilton Lane also introduced a strategic plan to improve diversity and inclusion in its workforce, currently comprising 48% women and ethnically diverse employees. The firm manages approximately $516 billion in assets as of June 30, 2020.

Hamilton Lane (NASDAQ: HLNE) has initiated an underwritten public offering of 2,207,380 shares of Class A common stock. The offering aims to settle cash exchanges of membership units in Hamilton Lane Advisors for certain members. Notably, Hamilton Lane will not receive proceeds from the sale by the selling stockholder. J.P. Morgan Securities LLC is the underwriter. As of June 30, 2020, Hamilton Lane manages $516 billion in assets, including approximately $68 billion in discretionary assets.

Hamilton Lane (NASDAQ: HLNE) announced the closing of the Hamilton Lane Impact Fund, securing over $95 million in capital commitments. The Fund aims to generate attractive returns while driving positive social and environmental impact through investments in sectors like health, energy, and community development. It will focus on both developed and emerging markets, utilizing Hamilton Lane's extensive network and expertise. The firm, with around $503 billion in assets under management, has been crafting impact strategies for nearly 20 years, now offering its first commingled vehicle in this space.

Hamilton Lane (NASDAQ: HLNE) announced Erik Hirsch's participation at the Morgan Stanley Financials Conference on June 10, 2020, at 11:00 AM ET. The event will feature a live audio webcast available on the firm's IR website. For those unable to attend, a replay will be accessible for one year post-event. Hamilton Lane is a prominent alternative investment management firm, managing approximately $503 billion in assets, with around $69 billion in discretionary and over $434 billion in advisory assets as of March 31, 2020. Founded 28 years ago, the firm operates globally, employing about 400 professionals.

Hamilton Lane (NASDAQ: HLNE) has launched an underwritten public offering of 2,995,757 shares of Class A common stock, with sales by the firm and three selling stockholders. The proceeds will be utilized for cash exchanges of membership units in Hamilton Lane Advisors, L.L.C. The offering is subject to market conditions and is facilitated by J.P. Morgan and Goldman Sachs as joint book-running managers. Hamilton Lane will not receive funds from the selling stockholders' shares, emphasizing the exclusive financial maneuver.

Hamilton Lane announced its fiscal year 2020 results, revealing a 12% year-over-year growth in total assets under management, reaching approximately $69 billion. The firm reported a 12% increase in revenue, totaling around $245 million. The unrealized carried interest balance grew by over 35% to approximately $441 million. GAAP earnings per share were $2.15, with a total net income of approximately $61 million. Additionally, the company declared a quarterly dividend of $0.3125 per share, marking a 13.6% increase from the prior fiscal year.