Hamilton Lane Incorporated reports developments tied to its private markets investment platform, which provides investment solutions for institutional and private wealth clients. Company news commonly covers earnings releases, private credit and private infrastructure products, interval fund structures, capital-structure actions, and funds managed by Hamilton Lane participating in private equity, renewable infrastructure, and continuation-vehicle transactions.
Updates also include senior promotions across investment and client functions and product-access initiatives such as daily NAV pricing, quarterly repurchase features, and tokenized access where offered through specific fund structures.
Hamilton Lane (NASDAQ: HLNE) announced the first close of its Impact Fund II at $149 million, exceeding the size of its predecessor by over 150%. Fund II focuses on generating attractive returns while making a social and environmental impact through investments in sectors such as clean energy, health, and community development. The firm currently manages over $2.5 billion in impact strategies and aims to provide a diversified private markets solution for investors. This fund underscores Hamilton Lane's commitment to sustainable investing and aligns with growing investor interest in impact strategies.
Hamilton Lane is set to announce its first fiscal quarter results before market opening on August 3, 2021. A conference call will be held at 11:00 a.m. ET on the same day to discuss these results. Interested attendees are encouraged to pre-register for the event through a provided link. Hamilton Lane manages approximately $719 billion in assets, including $88 billion in discretionary assets and $631 billion in advisory assets as of March 31, 2021.
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Hamilton Lane (NASDAQ: HLNE) announced that Erik Hirsch, Vice Chairman, will participate in a fireside chat at the 2021 Morgan Stanley US Financials, Payments & CRE Conference on June 15, 2021, at 10:15 AM ET. The event aims to engage investors and provide insights into private markets. A live audio webcast will be available on the company's Shareholders page, with a replay accessible for one year post-event.
Hamilton Lane Incorporated (NASDAQ: HLNE) reported robust results for the fourth quarter and fiscal year ended March 31, 2021. Assets under management reached approximately $88 billion, growing 28% year-over-year. Revenue from management and advisory fees rose over 18% to nearly $289 million. The GAAP EPS for the fiscal year was $2.81, with a net income of approximately $98 million. A quarterly dividend of $0.35 per share was declared, marking a 12% increase from the prior year.
Hamilton Lane (NASDAQ: HLNE) announced an expansion of its teams dedicated to institutional and private wealth channels across Europe. New appointments include Ralph Aerni as Head of European Sales, with a focus on institutional business development. The firm aims to enhance client relationships as it meets increasing investor demand for private market access. The Global Private Assets Fund has achieved about $804 million in assets under management by March 31, 2021. This growth follows a recent trend of investors seeking yield and performance through private markets.
Hamilton Lane (NASDAQ: HLNE) has been recognized in the Drexel LeBow Analytics 50 list for its analytics platform, Cobalt LP. This platform enables limited partners to make informed investment decisions using proprietary data and analytics. Cobalt LP has facilitated over 325,000 analytics projects for more than 700 clients. The platform aims to enhance portfolio analysis and investment returns. Hamilton Lane has invested in and fully acquired Cobalt LP, which currently employs nearly 20 staff, with plans for future growth.
Hamilton Lane (NASDAQ: HLNE) will release its financial results for the fourth fiscal quarter and full year ending March 31, 2021, on May 27, 2021. The company will conduct a conference call at 11:00 a.m. ET that day to discuss these results. Hamilton Lane has approximately $657 billion in assets under management, comprising $76 billion in discretionary assets and $581 billion in advisory assets as of December 31, 2020. Investors can access the event live or via a replay on the company's Shareholders website.
Hamilton Lane (NASDAQ: HLNE) has launched the Hamilton Lane Impact Fund II, a closed-end investment vehicle aimed at qualified investors. This fund continues the strategy of Impact Fund I, targeting investments with measurable social and environmental benefits, including clean energy and community development. Fund II will utilize diverse investment strategies and focus on transformative technologies. With over $2.5 billion currently managed in impact strategies, Hamilton Lane aims to deliver compelling performance alongside meaningful impact, leveraging strong relationships and a robust diligence process.
On April 7, 2021, Hamilton Lane (NASDAQ: HLNE) announced senior promotions and the opening of a new Denver office, following its acquisition of 361 Capital. The promotions include several individuals elevated to Managing Director and Principal roles, enhancing the firm's leadership across various divisions. CEO Mario Giannini emphasized the firm's growth despite challenges and the intent to broaden access to private markets. With approximately $657 billion in assets under management, Hamilton Lane is focused on expanding its offerings and capabilities in the private wealth channel.