Welcome to our dedicated page for Hamilton Lane news (Ticker: HLNE), a resource for investors and traders seeking the latest updates and insights on Hamilton Lane stock.
Hamilton Lane Incorporated (Nasdaq: HLNE) is described in its public communications as one of the largest private markets investment firms globally, focused exclusively on private markets investing. This news page aggregates coverage related to Hamilton Lane’s activities as a private markets asset manager, including announcements about financial results, partnerships, product initiatives and client-focused developments.
Readers can find news about Hamilton Lane’s quarterly and fiscal results, as the company regularly announces earnings for its fiscal quarters and provides detailed presentations through its shareholder channels. These updates often coincide with webcasts and conference calls where management discusses financial performance and business developments.
Hamilton Lane’s news flow also features strategic partnerships and mandates, such as agreements to manage private equity portfolios for insurers, long-term commitments to private equity allocations, and collaborations with wealth management platforms. The firm highlights initiatives within its Insurance Solutions platform and Private Wealth Solutions business, reflecting its work with institutional, insurance and private wealth clients.
In addition, the company appears in announcements related to private credit and digital assets, including access to its Senior Credit Opportunities Fund (SCOPE) through blockchain-based infrastructure for institutional and accredited investors. News items also cover Hamilton Lane’s role in private markets data and analytics, such as the launch of private market fund performance indices on the Bloomberg Terminal.
Investors and observers can use this news feed to follow Hamilton Lane’s reported financial results, capital markets transactions, client mandates, technology-related initiatives and other corporate updates. Regular visits to this page provide a consolidated view of the company’s disclosed activities in private markets asset management.
Avista Capital Partners and Hamilton Lane (Nasdaq: HLNE) have announced a partnership in Cosette Pharmaceuticals, a US-based specialty pharmaceutical company. Funds managed by Hamilton Lane have acquired a significant equity interest in Cosette from Avista and its co-investors. The partnership aims to accelerate innovation and growth for Cosette, which has shown robust EBITDA growth and free cash flow generation since Avista's initial investment in 2018.
Under new management, Cosette has successfully launched new products, expanded its portfolio through acquisitions and licensing deals, and diversified into branded products. The transaction enhances Cosette's balance sheet, enabling further investments in R&D and strategic acquisitions. Cosette also entered into new financing agreements with Hayfin Capital Management and a banking consortium.
Hamilton Lane Incorporated (Nasdaq: HLNE) will release its first quarter fiscal 2025 financial results on August 6, 2024, before market open. The company will host a conference call and webcast at 11:00 a.m. ET on the same day to discuss the results. Investors can access the live webcast and replay through the Hamilton Lane Shareholders website.
Hamilton Lane is a leading private markets investment firm with a global presence. As of March 31, 2024, the firm manages over $920 billion in assets, including $124 billion in discretionary assets and $796 billion in non-discretionary assets. With approximately 700 professionals worldwide, Hamilton Lane offers innovative solutions to institutional and private wealth investors, specializing in flexible investment programs across private markets strategies, sectors, and geographies.
Canoe Intelligence announced raising $36 million in a Series C funding round led by Goldman Sachs, with participation from F-Prime Capital and Eight Roads. This funding increases Canoe's valuation by over three times since its Series B in 2023, marking a significant milestone for the company's growth.
The capital will be used to advance Canoe's AI-driven financial technology platform for alternative investors, enhancing its back-to-front office capabilities. The company has achieved 100% year-over-year growth in clients and revenue, and serves over 1,000 LPs with its automated data management solutions.
Goldman Sachs highlighted Canoe's potential in streamlining alternative investment data, noting the firm's extensive client base, which includes Blackstone and Hamilton Lane. Canoe's technology processes over 25 million documents annually, significantly boosting operational efficiency.
Hamilton Lane (Nasdaq: HLNE) has announced a partnership with Daphne Technologies to digitize and streamline the private markets fundraising process. This collaboration integrates Daphne's platform with Hamilton Lane's Cobalt, facilitating direct data transmission and significant efficiency gains for asset managers. This integration eliminates traditional manual processes, enabling asset managers to digitize and publish fund data swiftly. Hamilton Lane's Cobalt, used globally for private market data and analytics, will leverage Daphne to enhance data accessibility and investor decision-making. Daphne, founded in 2022, already supports over 50 alternative asset funds and has facilitated raising $625 million in AUM.
Hamilton Lane has successfully closed its largest fund to date, raising $5.6 billion for Secondary Fund VI, surpassing its $5 billion target. This new fund exceeds the previous Secondary Fund V by over 40%, which closed at $3.9 billion in 2021. The firm's impressive fundraising efforts reflect strong support from a diverse group of investors, including corporate and public pension funds, sovereign wealth funds, and other financial institutions from over 30 countries. The firm's secondary platform now represents approximately $20.9 billion in assets under management as of March 31, 2024.
Hamilton Lane's recent survey reveals that 70% of global investment advisors plan to increase client allocations to private markets in 2024, with 92% already participating in this asset class. Conducted with 232 advisors, the survey highlights performance and diversification as key motivators. Despite advisors' advanced understanding of private markets (97%), there's a significant knowledge gap with their clients, 50% of whom have beginner-level knowledge. The survey underscores the need for enhanced education to align client understanding with growing interest. Initiatives like Hamilton Lane's Knowledge Center are aimed at bridging this gap.
Hamilton Lane (Nasdaq: HLNE) reported strong financial results for fiscal year 2024, ending March 31, 2024. Assets under management (AUM) grew by 11% to $124 billion, while fee-earning AUM increased by 15% to $66 billion. Revenue from management and advisory fees surged 22% to $451.9 million. The unrealized carried interest balance rose 19% to $1.2 billion. The company achieved a GAAP EPS of $3.69 with a net income of $140.9 million. Additionally, Hamilton Lane declared a quarterly dividend of $0.49 per share, aiming for a full-year dividend increase of 10% to $1.96 per share. Co-CEO Erik Hirsch highlighted robust growth and strategic focus on delivering value to clients and shareholders.
Hamilton Lane's Global Private Assets Fund (GPA) has reached a significant milestone, achieving approximately $4 billion in assets under management (AUM) and a five-year track record of performance. Launched in 2019, GPA has delivered an annualized net performance of 14% as of March 31, 2024. The fund offers investors diversified exposure to private equity through a single commitment, covering buyout, credit, and venture capital/growth investments globally. GPA is accessible to retail and wholesale investors across multiple regions including Australia, New Zealand, Canada, Europe, Asia, Latin America, and the Middle East. The fund is part of Hamilton Lane's Evergreen Platform, which now reaches nearly $7 billion in total AUM, with plans for additional offerings underway.
Hamilton Lane Incorporated (Nasdaq: HLNE) is set to announce its financial results for the fourth fiscal quarter and full fiscal year ended March 31, 2024, on May 23, 2024. The company will host a conference call to discuss these results. Hamilton Lane is a leading private markets investment firm with approximately $903 billion in assets under management and supervision.
Securitize, a leader in tokenizing real-world assets, secured a $47 million funding round led by BlackRock, with participation from Hamilton Lane, ParaFi Capital, and Tradeweb Markets. The investment highlights Securitize's efforts in digitizing capital markets with blockchain technology, fueling innovation and expansion. BlackRock appointed a board member, emphasizing the potential of blockchain technology in reshaping finance. The funding coincided with the launch of BlackRock's tokenized fund on Ethereum, reinforcing the partnership.
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