Financial Performance - GAAP net income for the second quarter was $103.6 million, a 36% increase compared to $75.9 million in the same quarter last year[20]. - Total revenues increased by 27% to $190.9 million, up from $150.0 million year-over-year[21]. - Management and advisory fees rose by 19% to $142.1 million, while incentive fees surged by 47% to $44.6 million[21]. - Total expenses increased by 34% to $111.2 million, with compensation and benefits rising by 40% to $77.0 million[21]. - Income before income taxes increased by 53% to $117.6 million compared to $77.1 million in the prior year[21]. - Net income attributable to Hamilton Lane Incorporated was $70.9 million for the quarter, a 29% increase from $55.0 million in the same quarter last year[21]. - Basic earnings per share of Class A common stock decreased by 24% year-over-year to $1.38, while diluted earnings per share decreased by 23% to $1.37[22]. - Net income attributable to Hamilton Lane Incorporated was $54.98 million, reflecting a 29% increase from the previous year[22]. - Net income attributable to Hamilton Lane for the quarter was $71 million, reflecting a year-over-year increase of 15%[65]. - Adjusted net income grew by 44% year-over-year to $84.1 million for the quarter, and 11% to $155.7 million year-to-date[27]. Assets and Management - Assets under management and supervision reached $1.0 trillion, with $145.4 billion in discretionary assets and $859.8 billion in non-discretionary assets as of September 30, 2025[6]. - Total assets under management reached $145.4 billion, an 11% increase year-over-year[85]. - Fee-earning assets under management (AUM) are defined as assets from which management fees are earned, primarily from customized separate accounts and specialized funds[101]. - The company’s total assets under management (AUM) include customized separate accounts and specialized funds, reflecting the firm’s growth strategy in private markets[100]. Dividends and Shareholder Returns - The company declared a quarterly dividend of $0.54 per share, representing a 10% increase from the previous fiscal year[3]. - The company declared a quarterly dividend of $0.54 per share of Class A common stock[28]. Revenue Growth and Projections - Future outlook indicates continued growth in management and advisory fees, driven by market expansion and new product offerings[22]. - The company anticipates continued growth in management fees, projecting a 6% increase for the six months ended September 30, 2025, compared to the previous year[95]. Expenses and Liabilities - Total liabilities increased to $822.3 million as of September 30, 2025, while total equity rose to $1.16 billion[87]. - The company maintained a modest leverage with $286 million of debt as of September 30, 2025[75]. - Total expenses increased by 34% year-over-year to $111.16 million, with compensation and benefits rising by 40% to $76.99 million[22]. Cash Flow and Investments - Net cash provided by operating activities rose to $247,830 for the six months ended September 30, 2025, compared to $197,145 in 2024, reflecting a growth of about 25.7%[90]. - The company reported a net cash used in investing activities of $(227,916) for the six months ended September 30, 2025, compared to $(25,037) in 2024[90]. - Investments in technology-related and other areas amounted to $215 million, contributing to a strong balance sheet[74]. Market Position and Strategy - The company continues to focus on expanding its investment strategies and enhancing its service offerings in private markets[6]. - Hamilton Lane Incorporated became a publicly-traded entity following its IPO on March 6, 2017[102]. - As of November 4, 2025, Hamilton Lane continues to position itself as a global leader in private markets[108]. Risk Management - Forward-looking statements highlight risks including competition for investment opportunities and the ability to manage obligations under debt agreements[105]. - The company emphasizes the importance of compliance with investment guidelines set by clients to mitigate risks[106]. - The company’s only material asset is its interest in Hamilton Lane Advisors, LLC, which is essential for covering dividends and expenses[105].

Core Viewpoint - Hamilton Lane Incorporated is a leading investment firm with a positive outlook from analysts, reflected in the increasing consensus price target for its stock despite recent declines [2][5]. Company Overview - Hamilton Lane specializes in direct and fund of fund investments, offering services such as separate accounts, specialized strategies, and advisory solutions [1]. - The company operates globally, investing in sectors including technology, healthcare, and energy, and competes with firms like Blackstone and KKR [1]. Stock Performance - The consensus price target for Hamilton Lane's stock has risen to $167.5, up from $165.67 last quarter and $163.5 a year ago, indicating a positive analyst outlook [2]. - Despite a recent 10.4% decline in stock value, the stock is considered technically oversold, suggesting potential for a rebound [2][5]. Growth Potential - Hamilton Lane is recognized as a top growth stock by MarketBeat, with expectations for significant revenue and earnings growth [3]. - Co-CEO Erik Hirsch highlighted the importance of fund manager selection over thematic investments, aligning with the company's strategy to navigate the evolving private markets landscape [3]. Financial Insights - The Q1 2026 earnings call provided insights into Hamilton Lane's financial performance and strategic direction, emphasizing the need for investors to monitor upcoming earnings reports and strategic developments [4].

Core Insights - Hamilton Lane and Guardian Life Insurance Company have formed a long-term strategic partnership to manage Guardian's private equity portfolio and enhance investment opportunities [1][2][5] Partnership Details - Hamilton Lane will manage Guardian's existing private equity portfolio valued at nearly $5 billion and will receive an annual commitment of approximately $500 million from Guardian for the next 10 years [2] - The partnership includes $250 million in seed capital for new Evergreen initiatives to support Hamilton Lane's Global Evergreen Platform [2] - Guardian's general account will gain access to a broader range of investment opportunities through Hamilton Lane's platform, which includes primary, co-investment, and secondary market opportunities [2][4] Strategic Goals - The partnership aims to accelerate growth and drive value creation, with Guardian receiving equity warrants and additional financial incentives [2][5] - Hamilton Lane's Insurance Solutions platform, which manages over $119 billion, will be enhanced through this partnership, leveraging proprietary private markets data [4] Client Engagement - Hamilton Lane will collaborate with Guardian's broker-dealer, Park Avenue Securities, to provide investment solutions and strategic support to over 2,400 advisors managing approximately $58.5 billion in client assets [3] Future Outlook - The partnership transaction is expected to close by the end of Q4 2025, with Guardian's investment professionals joining Hamilton Lane to expand expertise in the insurance sector [6]

NEW YORK and CONSHOHOCKEN, Pa., Oct. 29, 2025 /PRNewswire/ -- Bloomberg today announced the addition of Hamilton Lane's (Nasdaq: HLNE) suite of twenty private market closed-end fund performance indices to the Bloomberg Terminal and Data License, providing investors with new data and analytical tools to evaluate and compare performance. Selecting Bloomberg as a distribution channel marks a significant step in making Hamilton Lane benchmarks broadly available to the investment community, expanding access to d ...

On this episode of After Earnings, Hamilton Lane, a giant in the world of private markets investing. I'm delighted to be joined by Eric Hirs, Hamilton Lane's co-CEO, to discuss opening up private capital to retail investors, why fund manager experience matters more than thematics right now, and how he navigates the longer investing timelines of the private world when Hamilton Lane is itself publicly traded. Well, Eric, thank you very much for joining.I thought just to set the stage a little bit to frame a c ...

Core Insights - KAIO is leading the tokenization of institutional funds, enhancing access to regulated money markets and alternative investment strategies through its infrastructure on the Sei Network [1][2] - The integration of Hamilton Lane's SCOPE Fund on the Sei Network is expected to improve accessibility for institutional and accredited investors [1][2] Company Overview - KAIO is a fully onchain infrastructure designed for regulated real-world assets (RWAs), focusing on compliance, liquidity, and the seamless movement of assets in decentralized finance (DeFi) [5] - Hamilton Lane, a major player in private markets investment, has over 30 years of experience and manages approximately $986 billion in assets, with a focus on providing innovative solutions to investors [4][6] Product Offering - The HL SCOPE Access Fund allows investors to access the SCOPE Fund, which is a senior private credit vehicle aimed at generating consistent performance and cash yield across market cycles [2][10] - KAIO has already tokenized over $200 million in assets from global institutions, making institutional finance DeFi-native and scalable [6] Technological Integration - The Sei Network is a Layer 1 blockchain optimized for fast and cost-effective financial transactions, combining the benefits of Ethereum and Solana [3] - KAIO's integration with the Sei Network facilitates secure and compliant access to alternative investment products, enhancing the overall investment experience for users [2][3]

Core Insights - Hamilton Lane Inc. is currently in Phase 11 of its 18-phase Adhishthana cycle, indicating that the stock is in the descent leg of its Adhishthana Himalayan Formation, suggesting potential further downside before stability returns [1][5]. Summary by Sections Adhishthana Framework - Under the Adhishthana Principles, stocks typically form a Cakra structure between Phases 4 and 8, which has bullish implications. A breakout in Phase 9 initiates the Himalayan Formation, leading to a multi-leg rally [2]. - Hamilton Lane's stock entered Phase 4 in 2020, traded within its Cakra until 2023, and broke out in Phase 9, resulting in a nearly 30% rally followed by an 88% surge in Phase 10, peaking at approximately $203.72 [4]. Current Stock Performance - Following the peak, Hamilton Lane has entered the descent leg, retracing earlier gains, which is a natural part of the cycle according to the Adhishthana framework. The stock initially broke out of its Cakra near $95 and is currently around $125, indicating potential for further correction before reaching equilibrium [5][6]. Investor Outlook - The ongoing descent leg suggests that patience is essential for investors. The Adhishthana cycle indicates that further corrections may occur before a new base forms. Future opportunities may arise in Phase 12 once the stock stabilizes near its original breakout point [6].

Core Insights - ARK Venture Fund, managed by Cathie Wood, has invested approximately $10 million in Securitize, representing about 3.25% of the fund's assets, making it the eighth largest holding [1] - Securitize is a tokenization platform supported by BlackRock and Hamilton Lane, having issued over $4.6 billion in tokenized assets [1] - The company operates BlackRock's BUIDL dollar digital liquidity fund, which has an asset size of approximately $2.8 billion [1]

Core Viewpoint - Hamilton Lane (HLNE) has experienced significant selling pressure, resulting in a 10.4% decline over the past four weeks, but analysts anticipate better earnings than previously expected, indicating a potential turnaround for the stock [1]. Group 1: Technical Analysis - The Relative Strength Index (RSI) is utilized to determine if HLNE is oversold, with a current RSI reading of 27.01, suggesting that the stock may be nearing a reversal point [2][5]. - Stocks oscillate between overbought and oversold conditions, and the RSI helps identify potential price reversals, making it a useful tool for investors seeking entry opportunities [3]. Group 2: Fundamental Analysis - There is a consensus among sell-side analysts that earnings estimates for HLNE have increased by 6.1% over the last 30 days, which typically correlates with price appreciation [7]. - HLNE holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks, further supporting the potential for a near-term turnaround [8].

Core Insights - Hamilton Lane has launched the Hamilton Lane Global Venture Capital and Growth Fund (HLGVG), an evergreen investment vehicle targeting growth and venture opportunities in private markets [1][3] - The Fund aims to provide access to innovative private venture investments not available in public markets, focusing on disruptive technologies and innovative businesses [1][2] - HLGVG is part of Hamilton Lane's broader strategy to expand its offerings in the venture and growth equity space, leveraging proprietary data and technology for decision-making [2][3] Company Overview - Hamilton Lane is a leading private markets investment firm with approximately $986 billion in assets under management and supervision, including nearly $141 billion in discretionary assets [5] - The firm has over 30 years of experience in private markets investing and employs around 750 professionals globally [5] - HLGVG is the latest addition to Hamilton Lane's evergreen platform, which has over $13 billion in assets under management [4] Investment Strategy - The Fund is structured to diversify across vintage year, transaction type, manager, strategy, and geography, addressing common barriers to entry in the venture capital space [1][2] - Hamilton Lane's extensive network includes over 260 established relationships and more than 370 investments in the venture and growth equity space, with a total of $117.8 billion in assets under management [3]