Financial Data and Key Metrics - Total fee-earning AUM stood at $65.7 billion, growing $8.4 billion or 15% YoY [4] - Management and advisory fee revenue grew by 22% YoY, with fee-related earnings (FRE) also up 22% [53] - GAAP EPS for fiscal 2024 was $3.69, while non-GAAP EPS was $3.92 [53] - Unrealized carry balance increased by 19% YoY to over $1.2 billion [27] - Total AUM grew by 11% YoY to $124 billion, with AUA up 7% YoY to $51 billion [73] Business Line Performance - Customized separate accounts fee-earning AUM grew 8% YoY to $37.6 billion [22] - Specialized funds fee-earning AUM grew 24% YoY to $28.2 billion, driven by $5.5 billion in net inflows [55] - Evergreen platform AUM reached nearly $6.5 billion, with average monthly net inflows of $255 million in Q1 2024 [76] - Revenue from customized separate accounts increased by $11.1 million or 9% YoY [9] - Specialized funds revenue increased by $64.7 million or 33% YoY [47] Market and Geographic Performance - Wirehouse channel flows reached close to $900 million by the end of Q1 2024 [7] - Non-wirehouse flows also scaled nicely, complementing the wirehouse success [7] - The secondary fund raised over $5 billion, marking the largest institutional fundraise in the company's history [75] - Credit platform invested over $1.3 billion in credit transactions in 2023, a 45% increase YoY [24] Strategic Direction and Industry Competition - The company continues to expand its customized separate accounts and specialized funds, focusing on higher fee-rate products [54] - The Evergreen platform is a key growth driver, with steady monthly inflows and new distribution relationships [76] - The company is investing in technology partnerships, including tokenization and digital assets, to enhance accessibility and efficiency in private markets [57][25] - The venture capital market is becoming more rational, presenting a better entry point for the company's new specialized fund [89] Management Commentary on Operating Environment and Future Outlook - Management emphasized the importance of maintaining strong double-digit growth and leveraging scale for future margin improvements [32] - The company is focused on expanding its sales resources and deepening client relationships to drive growth [12] - Management remains optimistic about the wirehouse channel and expects continued strong fundraising [33] - The company is committed to investing in technology and innovation to stay ahead in the private markets [25][57] Other Important Information - The company announced a 10% increase in its annual dividend to $1.96 per share, marking the seventh consecutive year of double-digit dividend growth [53] - The company participated in strategic investments, including Securitize and Nevada, to support innovation in the private markets [25][77] - The company highlighted its long-term relationships with clients, with some separate account relationships exceeding 20 years [74] Q&A Session Summary Question: Retail Channel Growth and Product Launches - The company is seeing strong momentum in the retail channel, with plans to expand existing funds and launch new products in the future [62][63] Question: Expense Growth and Margin Expectations - Management expects expense growth to continue, driven by headcount growth and distribution costs, but remains focused on maintaining strong margins [64][65] Question: Fundraising Pipeline and Market Opportunities - The company has a robust pipeline for specialized funds, with high single-digit growth in SMA business and strong interest from clients across various strategies [34][86] Question: Distribution Fees and Revenue Share Arrangements - The majority of distribution fees are upfront, with ongoing revenue share arrangements being less common [88] Question: Venture Capital Fund Launch and Market Sentiment - The company launched a new venture capital fund, citing a more rational market environment and strong client demand as key factors [89]

Shares of Hamilton Lane have returned +5.2% over the past month versus the Zacks S&P 500 composite's +6.1% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term. Fee Earning AUM - Customized Separate Accounts (CSA): $37.57 billion versus the three-analyst average estimate of $38.27 billion. Fee Earning AUM - Total: $65.75 billion versus the three-analyst average estimate of $65.69 billion. Fee Earning AUM - Specialized Funds (SF): $ ...

Hamilton Lane (HLNE) came out with quarterly earnings of $1.38 per share, beating the Zacks Consensus Estimate of $1 per share. This compares to earnings of $0.96 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 38%. A quarter ago, it was expected that this private- market investment firm would post earnings of $0.88 per share when it actually produced earnings of $0.71, delivering a surprise of -19.32%. Over the last four qua ...

HAMILTON LANE INCORPORATED REPORTS STRONG FOURTH FISCAL QUARTER AND FISCAL YEAR 2024 RESULTS, WITH MANAGEMENT AND ADVISORY FEES GROWING BY 22% AND ASSETS UNDER MANAGEMENT GROWING BY 11% YEAR-OVER-YEAR CONSHOHOCKEN, PENN. – May 23, 2024 – Leading private markets asset management firm Hamilton Lane Incorporated (Nasdaq: HLNE) today reported its results for the fourth fiscal quarter and full fiscal year ended March 31, 2024. FISCAL YEAR 2024 HIGHLIGHTS Hamilton Lane issued a full detailed presentation of its f ...

Analysts forecast 'Revenues- Management and advisory fees- Customized separate accounts' to reach $33.78 million. The estimate indicates a change of +11% from the prior-year quarter. Wall Street analysts forecast that Hamilton Lane (HLNE) will report quarterly earnings of $1 per share in its upcoming release, pointing to a year-over-year increase of 4.2%. It is anticipated that revenues will amount to $134.72 million, exhibiting an increase of 19.5% compared to the year-ago quarter. Over the past 30 days, t ...

Hamilton Lane (HLNE) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analy ...

LONDON and SYDNEY and TORONTO, May 14, 2024 /PRNewswire/ -- Leading private markets investment management firm Hamilton Lane (Nasdaq: HLNE) today announced that its Global Private Assets Fund ("GPA" or the "Fund") has reached approximately $4B in AUM and has built a five-year track record of performance, one of a small group of private markets evergreen products globally to have reached this milestone. With an annualized net performance of 14.00% since inception as of 31 March, 2024, GPA has delivered stron ...

CONSHOHOCKEN, Pa., May 2, 2024 /PRNewswire/ -- Hamilton Lane Incorporated (Nasdaq: HLNE) is scheduled to release financial results for the fourth fiscal quarter and full fiscal year ended March 31, 2024, before the market opens on Thursday, May 23, 2024. A copy of the earnings release and full detailed presentation will be available on the Hamilton Lane Shareholders website. Hamilton Lane will host a conference call via webcast at 11:00 a.m. ET on May 23 to discuss the results for the fourth fiscal quarter ...

CONSHOHOCKEN, Pa., April 24, 2024 /PRNewswire/ -- Leading private markets investment management firm Hamilton Lane (Nasdaq: HLNE) will host a Shareholder Day virtually and in-person at its Conshohocken headquarters on Wednesday, June 5, 2024 at 10:00 AM ET. Members of Hamilton Lane's senior management team will present on the company's progress, strategy and outlook. To register for the event virtually and in-person, visit Hamilton Lane's Shareholders' website by clicking here. Note that registration for on ...

Elevations to MD and Principal come amid continued firm growth and recent awards Firm appoints Kate Reilly to new role of COO of Client Solutions Operations CONSHOHOCKEN, Pa., April 3, 2024 /PRNewswire/ -- Leading private markets investment management firm Hamilton Lane (Nasdaq: HLNE) today announced a number of senior promotions, including Investment, Client Solutions, Portfolio Management, Technology, Shareholder Relations, Legal, Finance and Operations Teams.  The firm recognized the promotions of the ...