Fiscal Year 2025 Third Quarter Results February 4, 2025 Today's Speakers Erik Hirsch Co-CEO Jeff Armbrister Chief Financial Officer Hamilton Lane | Global Leader in the Private Markets 2 John Oh Head of Shareholder Relations Period Highlights Business Performance Financial Results | USD in millions except per share amounts | Q3 FY25 QTD | Q3 FY25 YTD | vs Q3 FY24 YTD | | --- | --- | --- | --- | | Management and advisory fees | $126.3 | $386.0 | 18 % | | GAAP net income | $53.0 | $166.9 | 80 % | | GAAP EPS | ...

Group 1 - Hamilton Lane reported quarterly earnings of $1.25 per share, exceeding the Zacks Consensus Estimate of $1.12 per share, and showing a significant increase from $0.71 per share a year ago, representing an earnings surprise of 11.61% [1] - The company achieved revenues of $168.26 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 7.21%, and up from $125.26 million year-over-year [2] - Hamilton Lane has consistently outperformed consensus EPS estimates over the last four quarters, achieving this four times [2] Group 2 - The stock has gained approximately 6.7% since the beginning of the year, outperforming the S&P 500's gain of 1.9% [3] - The current consensus EPS estimate for the upcoming quarter is $1.19, with expected revenues of $165.89 million, and for the current fiscal year, the estimate is $4.88 on revenues of $669.6 million [7] - The Zacks Industry Rank places Financial - Investment Management in the bottom 28% of over 250 Zacks industries, indicating potential challenges for stock performance [8]

HAMILTON LANE INCORPORATED REPORTS THIRD QUARTER FISCAL 2025 RESULTS, WITH MANAGEMENT & ADVISORY FEES GROWING BY 11% AND ASSETS UNDER MANAGEMENT GROWING BY 12% YEAR-OVER-YEAR Conference Call Hamilton Lane will discuss third quarter fiscal 2025 results in a webcast and conference call today, Tuesday, February 4, 2025, at 11:00 a.m. Eastern Time. For access to the live event via the webcast, visit Hamilton Lane's Shareholders website (https://shareholders.hamiltonlane.com/) at least 15 minutes prior to the st ...

Annual global report, surveying more than 300 investment advisors, finds diversification and performance continue to drive private wealth interest in the asset class Private infrastructure is poised to gain market share, with 48% of those surveyed planning to increase exposure in that sector Despite interest, many investors have only "beginner" knowledge of the asset class, highlighting importance of ongoing education as well as opportunity to deepen client relationships  CONSHOHOCKEN, Pa., Jan. 29, 2025 ...

CONSHOHOCKEN, Pa., Jan. 14, 2025 /PRNewswire/ -- Hamilton Lane Incorporated (Nasdaq: HLNE) is scheduled to release financial results for the third fiscal quarter before the market opens on Tuesday, February 4, 2025. A copy of the earnings release and full detailed presentation will be available on the Hamilton Lane Shareholders website at https://shareholders.hamiltonlane.com/. Hamilton Lane will host a conference call via webcast at 11:00 a.m. ET on February 4 to discuss the results for the third fiscal qu ...

Partnership Overview - Hamilton Lane and Republic announced a partnership to bring institutional-quality private market investments to individual retail investors in the US [4] - The initiative aims to revolutionize access to private markets funds, opening a $13 trillion global market to retail investors [4] - The firms plan to launch digital blockchain-based solutions for retail investors, featuring low investment minimums and increased liquidity compared to traditional private market funds [7] - The first offering is expected in the first half of 2025 [7] Hamilton Lane's Position and Expertise - Hamilton Lane is one of the largest private markets investment firms globally, with over $947 billion in assets under management and supervision as of September 30, 2024 [5][8] - The firm has been dedicated exclusively to private markets investing for more than 30 years and employs approximately 730 professionals worldwide [5] - Hamilton Lane specializes in building flexible investment programs that provide clients access to the full spectrum of private markets strategies, sectors, and geographies [5] - Data from Hamilton Lane shows that the majority of private markets funds have outperformed their public market equivalents in 19 of the last 20 years [8] Republic's Role and Capabilities - Republic is a global financial firm headquartered in New York City, operating retail-focused investment platforms and an enterprise digital advisory arm [3] - The company has a deep track record of legal and technical innovation and is known for providing access to new asset classes to investors of all types [3] - Republic boasts a global portfolio of over 2,000 companies and a community of nearly three million members in over 150 countries [3] - More than $3 billion has been deployed through investment platforms, funds, and firms within the Republic family of companies [3] Market Context and Opportunities - Globally, there are over 140,000 private companies with annual revenues over $100 million, compared to approximately 19,000 public companies with the same annual revenues [2] - The partnership seeks to enable retail investors to access the historic performance and diversification benefits of private markets without requiring high income or significant net worth [2] - Republic's leading digital solution and expertise in serving this market will allow retail investors to tap into Hamilton Lane's longstanding private markets expertise, scale, and platform [2]

BEVERLY HILLS, Calif., Nov. 21, 2024 /PRNewswire/ -- Levine Leichtman Capital Partners ("LLCP") is pleased to announce the closing of a $575 million multi-asset continuation fund transaction. LLCP LMM Acquisition Fund, L.P. was formed to acquire interests in three portfolio companies – Blue Ridge Associates, Milton Industries and Resolution Economics – from LLCP Lower Middle Market Fund, L.P. ("LMM II"). Hamilton Lane (Nasdaq: HLNE) acted as lead investor and was supported by a diverse syndicate of institut ...

Assets Under Management and Advisory - As of September 30, 2024, the company reported $95.1 billion in assets under management (AUM) from customized separate accounts and $36.2 billion from specialized funds[109][110]. - The company had $816.1 billion in assets under advisement (AUA) as of September 30, 2024, indicating a strong advisory service segment[111]. - Fee-earning AUM is a key metric, comprising assets from which management fees are derived, with the majority based on commitments or net invested capital[144]. - Fee-earning AUM balance at the end of the period was $69.740 billion for the six months ended September 30, 2024, showing a growth from the previous period[184]. - Contributions to fee-earning AUM totaled $3.053 billion for the three months ended September 30, 2024[184]. - Fee-earning AUM increased by $2.0 billion during the three months ended September 30, 2024, primarily due to contributions from customized separate accounts and specialized funds[186]. - Customized separate accounts fee-earning AUM increased by $1.2 billion for the three months ended September 30, 2024, with contributions of $1.7 billion and distributions of $0.5 billion[187]. - Specialized funds fee-earning AUM increased by $0.9 billion for the three months ended September 30, 2024, with contributions of $1.4 billion and distributions of $0.8 billion[188]. - For the six months ended September 30, 2024, fee-earning AUM increased by $4.0 billion, driven by contributions from customized separate accounts and specialized funds[189]. - Customized separate accounts contributions totaled $3.3 billion for the six months ended September 30, 2024, with distributions of $1.5 billion[190]. - Specialized funds contributions reached $4.0 billion for the six months ended September 30, 2024, with distributions of $2.1 billion[191]. Revenue and Income - Total revenues increased by $23.1 million to $149.999 million for the three months ended September 30, 2024, compared to the same period in 2023, driven by increases in management and advisory fees and incentive fees[151]. - Management and advisory fees rose by $10.6 million to $119.783 million for the three months ended September 30, 2024, compared to the same period in 2023[151]. - Specialized funds revenue increased by $7.9 million for the three months ended September 30, 2024, primarily due to a $12.1 million increase in revenue from evergreen funds, which added $3.6 billion in fee-earning AUM[152]. - Incentive fees increased by $12.5 million to $30.216 million for the three months ended September 30, 2024, compared to the same period in 2023, mainly due to an increase in tax-related carried interest distributions[154]. - Total revenues increased by $94.8 million to $346.730 million for the six months ended September 30, 2024, compared to the same period in 2023[155]. - Specialized funds revenue increased by $40.0 million for the six months ended September 30, 2024, primarily due to a $23.4 million increase in revenue from evergreen funds and a $22.1 million increase from the latest secondary fund, which added $3.6 billion and $2.5 billion in fee-earning AUM, respectively[156]. - Net income attributable to Hamilton Lane Incorporated increased by $12.988 million to $54.982 million for the three months ended September 30, 2024, compared to the same period in 2023[148]. - Adjusted net income for the three months ended September 30, 2024, was $58.2 million, compared to $47.8 million in 2023[200]. Expenses - Total expenses increased by $11.9 million to $82.807 million for the three months ended September 30, 2024, compared to the same period in 2023[160]. - Compensation and benefits expenses rose by $9.1 million to $55.070 million for the three months ended September 30, 2024, compared to the same period in 2023[161]. - Total expenses increased by $49.0 million to $189.927 million for the six months ended September 30, 2024, compared to the same period in 2023[164]. - Compensation and benefits expenses increased by $43.5 million for the six months ended September 30, 2024, compared to the same period in 2023, primarily due to increases in headcount and annual bonus plan accruals[165]. - General, administrative and other expenses rose by $5.5 million for the six months ended September 30, 2024, driven mainly by increases in consulting fees and fund reimbursement expenses[166]. Cash Flow and Debt - The company generated net cash provided by operating activities of $197.1 million for the six months ended September 30, 2024, compared to $135.6 million for the same period in 2023, representing a 45.4% increase[238]. - The total outstanding debt as of September 30, 2024, was $195.6 million, with an aggregate cap of $325 million under the Loan Agreements[227]. - The company had an outstanding balance of $96 million under the Term Loan Agreement and $100 million under the 2020 Multi-Draw Term Loan Agreement as of September 30, 2024[223][226]. - The company had $125 million in availability under the Loan Agreements as of September 30, 2024[227]. - The annual interest rate on the Term Loan Agreement was 6.75% and on the Revolving Loan Agreement was 6.50% as of September 30, 2024[252]. - A 100 basis point increase in interest rates is estimated to result in an increased interest expense of approximately $1.0 million over the next 12 months[253]. Investments and Returns - The total capital invested across various funds amounts to $19.5 billion, with a gross multiple of 1.5 and a net multiple of 1.4[207]. - The pooled IRR for discretionary investments from inception to June 30, 2024, is reported at 12.9%[212]. - The Secondary Fund VI, launched in 2022, has a capital size of $5.6 billion and an IRR of 55.2%[207]. - The Co-Investment Fund IV, established in 2018, achieved a gross multiple of 2.3 and a net IRR of 24.7%[207]. - The Strategic Opportunities VII fund, initiated in 2022, has a capital size of $953 million and an IRR of 14.7%[208]. - The total distributions from underlying investments to the fund, plus the fund's market value, divided by total contributed capital, is referred to as the "Multiple"[213]. Strategic Plans and Risks - The company intends to continue paying cash dividends on a quarterly basis, subject to funds being legally available[235]. - The company plans to evaluate opportunities for strategic investments in technology-driven private markets data and wealth management solutions[230]. - The company is exposed to credit risk due to agreements with counterparties that may not fulfill their obligations[254]. - The company aims to minimize exposure by limiting transactions to reputable financial institutions[254]. - Uncertainty in financing availability from financial institutions may arise due to market events[254].

Hamilton Lane (HLNE) reported $150 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 18.2%. EPS of $1.07 for the same period compares to $0.89 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $153.92 million, representing a surprise of -2.55%. The company delivered an EPS surprise of +0.94%, with the consensus EPS estimate being $1.06.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wa ...

Hamilton Lane (HLNE) came out with quarterly earnings of $1.07 per share, beating the Zacks Consensus Estimate of $1.06 per share. This compares to earnings of $0.89 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 0.94%. A quarter ago, it was expected that this private-market investment firm would post earnings of $1.09 per share when it actually produced earnings of $1.51, delivering a surprise of 38.53%.Over the last four qu ...