Hamilton Lane Inc Stock Price, News & Analysis

Hamilton Lane (NASDAQ: HLNE) has announced the final close of its Hamilton Lane Secondary Fund V, raising $3.9 billion, surpassing its $3 billion target. This marks the firm's largest fundraise to date, attracting global institutional investors, including pension funds and sovereign wealth funds. The success reflects strong demand and the ongoing growth of Hamilton Lane’s secondary business, which has been active since 2000. The firm currently manages approximately $657 billion in assets, showcasing its extensive global network and commitment to providing innovative investment solutions.

San Francisco, Feb. 5, 2021 /PRNewswire/ -- Imperfect Foods announced a total of $110M for its Series D funding, a $15M increase from prior commitments. This round includes new investors Hamilton Lane (NASDAQ: HLNE) and Blisce, both focusing on sustainable solutions. The investment will enhance production capacity, improve shopping experiences, and support suppliers. Imperfect Foods has already saved over 50 million pounds of food and diverted 70% of waste from landfills in 2020. The company aims to lead the sustainable online grocery market.

On January 28, 2021, Hamilton Lane (NASDAQ: HLNE) announced its plan to acquire 361 Capital, LLC, in a strategic move to enhance its U.S. private wealth channel presence. The acquisition will integrate 361 Capital's expertise and expand Hamilton Lane’s footprint to 18 global locations. The deal aligns with Hamilton Lane's recent initiatives, including the launch of the Private Asset Fund, aimed at broadening investor access to private markets. Closing is anticipated later this quarter, subject to customary conditions.

Hamilton Lane (NASDAQ: HLNE) will announce its third fiscal quarter financial results on February 2, 2021, before market opening. A conference call and webcast will follow at 11:00 a.m. ET on the same day to discuss the results. Investors can pre-register to ask questions, with details provided post-registration. Hamilton Lane manages approximately $547 billion in assets, with $73 billion in discretionary assets and over $474 billion in advisory assets as of September 30, 2020.

Hamilton Lane (NASDAQ: HLNE) has launched the Hamilton Lane Private Assets Fund, a closed-end investment vehicle registered under the ‘40 Act. This fund opens up diversified access to private equity and private credit assets for qualified U.S. investors, including high-net-worth individuals. The Fund features lower minimum investments of $50,000 and offers monthly subscriptions with quarterly liquidity options. Hamilton Lane seeded the Fund with $30 million and secured an additional $100 million from an anchor investor, enhancing its commitment to accessibility in private markets.

Hamilton Lane (NASDAQ: HLNE) has been recognized in the Pensions & Investments “Best Places to Work in Money Management” list for 2020, marking nine consecutive years of inclusion. CEO Mario Giannini highlighted the firm's commitment to integrity, excellence, and inclusivity, which contributed to its unique culture during challenging times. Additionally, Hamilton Lane was named a “Best Places to Work in PA” for the ninth year and received the International LP of the Year award from PEWIN, acknowledging its support for female investors in private equity. The firm manages approximately $547 billion in assets.

Hamilton Lane reported strong second-quarter fiscal 2021 results, highlighting assets under management reaching $73 billion, up 11% year-over-year. Fee-earning assets rose nearly 9% to approximately $39 billion. Revenue surged 12% to about $66 million, while GAAP EPS stood at $0.66 with net income of $21.8 million. The company declared a quarterly dividend of $0.3125 per share, reflecting a 13.6% increase from the previous year. CEO Mario Giannini noted a rebound in private market valuations and activities, contributing to Hamilton Lane's strong performance.

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.