Hamilton Lane Inc Stock Price, News & Analysis

Hamilton Lane Incorporated (Nasdaq: HLNE) announced the pricing of an underwritten public offering of 671,737 shares of Class A common stock, generating approximately $51.7 million in gross proceeds. The offering is set to close on March 9, 2023. The proceeds will be used to facilitate cash exchanges of membership units in Hamilton Lane Advisors, L.L.C. The firm, a leader in private markets investment management with $831.9 billion in assets under management as of December 31, 2022, will not receive proceeds from the selling stockholder's shares. BofA Securities is the book-running manager for this offering.

Hamilton Lane Incorporated (Nasdaq: HLNE) announced on March 6, 2023 that it has launched an underwritten public offering of 671,737 shares of Class A common stock. The offering includes shares sold by Hamilton Lane and a selling stockholder, subject to market conditions. Proceeds from the offering will be utilized to facilitate cash exchanges of membership units in Hamilton Lane Advisors, L.L.C. held by certain members. Notably, Hamilton Lane will not receive proceeds from the stockholder's sales. The offering operates under an effective shelf registration statement with the Securities and Exchange Commission.

Novata, a technology platform for private markets, has announced the successful completion of its Series B funding, raising $30 million. This funding was led by Hamilton Lane (NASDAQ: HLNE) and included investors such as S&P Global (NYSE: SPGI) and Microsoft (NASDAQ: MSFT). The capital will enhance Novata's ESG data management platform, which now serves over 3,500 private companies. Launched in April 2022, Novata provides robust benchmarking capabilities and aims to increase ESG transparency in private markets. The company continues to position itself as a critical infrastructure for sustainable capitalism.

BetterNight, a leader in virtual sleep care, announced $33 million in growth funding led by NewSpring, with participation from HCAP Partners and Hamilton Lane (NASDAQ:HLNE). This funding will enhance the company's nationwide expansion and boost its value-based sleep solutions for OSA and insomnia. BetterNight aims to improve clinical outcomes and reduce healthcare costs by offering a full spectrum of digital sleep care services. CEO Dave French emphasized the partnership with NewSpring as pivotal for future growth in addressing untreated sleep disorders, which pose serious health risks.

Hamilton Lane (NASDAQ: HLNE) has officially opened its new office in Shanghai, China, marking its sixth location in the Asia Pacific region. This office, led by Managing Director Mingchen Xia, aims to enhance the firm's investment capabilities in the world’s second-largest economy. Hamilton Lane was awarded Shanghai Qualified Foreign Limited Partner status in May 2022, enabling it to invest in RMB private markets. The firm manages approximately $832 billion in assets, with $108 billion in discretionary assets. With growing demand from domestic investors for global assets, the Shanghai office is expected to strengthen Hamilton Lane's market position in Asia.

Novata has appointed Mona Sutphen, Partner and Head of Investment Strategies at The Vistria Group, to its Board of Directors, effective immediately. Sutphen brings over two decades of experience from both public and private sectors, having served as a Partner at Macro Advisory Partners and Managing Director at UBS AG. Her governmental experience includes being the White House Deputy Chief of Staff for Policy under President Obama. Novata, supported by major stakeholders including S&P Global (NYSE: SPGI) and Hamilton Lane (NASDAQ: HLNE), is a leader in ESG data management solutions for private markets, emphasizing sustainability and inclusivity.

Hamilton Lane Incorporated (NASDAQ: HLNE) reported impressive third fiscal quarter results for the period ending December 31, 2022. The firm achieved $107.5 billion in total assets under management, reflecting a 10% year-over-year growth. Fee-earning assets surged by 19% to $54.9 billion. Revenue from management and advisory fees reached $97.4 million, a 22% increase compared to the same quarter last year. The company declared a quarterly dividend of $0.40 per share, indicating a 14% increase in the target full-year dividend to $1.60. GAAP earnings per share stood at $0.31.

Hamilton Lane has launched a new feeder fund allowing individual investors to access its flagship Equity Opportunities Fund V, which has closed with approximately $2.1 billion in commitments. The minimum investment is now $20,000, a significant reduction from the typical $5 million. This tokenized fund is exclusively available through the Securitize platform on the Polygon blockchain, enhancing accessibility to high-performing private equity investments. Hamilton Lane, managing nearly $824 billion in assets, aims to democratize private market access, which has historically benefited major institutions.

Hamilton Lane (NASDAQ: HLNE) is set to announce its third fiscal quarter results on February 7, 2023, before market opening. Investors can access the earnings release and detailed presentation on the Shareholders website.

A conference call and webcast will be held at 11:00 a.m. ET the same day to discuss the results. Pre-registration is required for attendees, and they can access a replay of the webcast for up to one year post-event. As of September 30, 2022, Hamilton Lane manages nearly $824 billion in assets, showcasing its significant presence in the private markets investment sector.