Kayne Anderson Reports 2.67M HLNE Shares, 6.5% Ownership

Rhea-AI Filing Summary

Kayne Anderson Rudnick Investment Management, LLC reported beneficial ownership of 2,674,001 Class A ordinary shares of Hamilton Lane, representing 6.5% of the class. The filing discloses sole voting power for 1,773,101 shares, shared voting power for 889,254 shares, sole dispositive power for 1,784,747 shares and shared dispositive power for 889,254 shares.

The reporting person states the securities were acquired and are held in the ordinary course of business and were not acquired with the purpose of changing or influencing control of the issuer. The disclosure meets the regulatory threshold for reporting ownership above 5% and clarifies the allocation of voting and disposition authority.

Positive

• Material disclosure of 2,674,001 shares equal to 6.5% of the class, meeting regulatory thresholds
• Clear breakdown of sole vs shared voting and dispositive power, improving transparency
• Statement that holdings were acquired and are held in the ordinary course and not to influence control

Negative

• None.

Insights

Financial Analyst

TL;DR: Institutional investor reports a sizable 6.5% stake, showing material passive exposure without stated intent to seek control.

The Schedule 13G shows a meaningful position: 2,674,001 shares (6.5%). The breakdown between sole and shared voting and dispositive powers indicates the adviser manages distinct accounts with differing authorities. Because the filer asserts holdings are in the ordinary course and not intended to influence control, this is consistent with passive institutional accumulation rather than activist positioning. For investors, the development is noteworthy for ownership concentration but not a governance change.

Corporate Governance Expert

TL;DR: Ownership above 5% triggers disclosure; allocation of voting/dispositive power suggests portfolio management rather than coordinated control efforts.

The filing meets the regulatory reporting requirement by disclosing a >5% stake and specifies both sole and shared powers, which is useful for assessing potential influence. The certification that the securities are held in the ordinary course and not to influence control reduces immediate governance concerns. However, shareholders and the board may monitor further filings if ownership changes or voting alignments shift.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Hamilton Lane Inc

(Name of Issuer)

Hamilton Lane Ord Shs Class A

(Title of Class of Securities)

407497106

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 407497106

1

Names of Reporting Persons

Kayne Anderson Rudnick Investment Management, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

CALIFORNIA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 1,773,101.00
6	Shared Voting Power 889,254.00
7	Sole Dispositive Power 1,784,747.00
8	Shared Dispositive Power 889,254.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,674,001.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

6.5 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Hamilton Lane Inc
(b)	Address of issuer's principal executive offices: 110 WASHINGTON STREET, SUITE 1300, CONSHOHOCKEN, PA, 19428
Item 2.
(a)	Name of person filing: Kayne Anderson Rudnick Investment Management, LLC
(b)	Address or principal business office or, if none, residence: 2000 Avenue of the Stars, Suite 1110, Los Angeles, 90067, CA, United States
(c)	Citizenship: CALIFORNIA
(d)	Title of class of securities: Hamilton Lane Ord Shs Class A
(e)	CUSIP No.: 407497106
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 2,674,001
(b)	Percent of class: 6.5 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 1,773,101
	(ii) Shared power to vote or to direct the vote: 889,254
	(iii) Sole power to dispose or to direct the disposition of: 1,784,747
	(iv) Shared power to dispose or to direct the disposition of: 889,254
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Kayne Anderson Rudnick Investment Management, LLC

Signature:	/s/Michael Shoemaker
Name/Title:	Chief Compliance Officer
Date:	08/13/2025

FAQ

What stake does Kayne Anderson Rudnick report in Hamilton Lane (HLNE)?

The filer reports beneficial ownership of 2,674,001 Class A shares, representing 6.5% of the class.

How much voting power does Kayne Anderson Rudnick have in HLNE?

The filing discloses sole voting power for 1,773,101 shares and shared voting power for 889,254 shares.

Does the filing indicate Kayne Anderson Rudnick intends to influence control of HLNE?

No. The filer certifies the securities are held in the ordinary course of business and were not acquired to change or influence control of the issuer.

Who signed the Schedule 13G on behalf of Kayne Anderson Rudnick?

Michael Shoemaker, Chief Compliance Officer, signed the statement on behalf of the reporting entity.

What do sole and shared dispositive powers in the filing mean for HLNE shareholders?

They indicate which accounts or managers have the authority to direct disposition of shares: 1,784,747 shares under sole dispositive power and 889,254 under shared dispositive power, per the filing.