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 ...

Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market's attention and deliver solid returns. However, it isn't easy to find a great growth stock.In addition to volatility, these stocks carry above-average risk by their very nature. Also, one could end up losing from a stock whose growth story is actually over or nearing its end.However, the task of finding cutting-edge growth stocks is made easy with the help of the Zacks Gr ...

Securitize Fund Services will address gaps identified in traditional fund administration and will provide institutional clients with a unified platform designed for the on-chain world, enabling token issuance, capital raising, secondary trading on a regulated ATS, real-time transfer agent services, and comprehensive fund administration capabilities.MIAMI, Oct. 31, 2024 /PRNewswire/ -- Securitize Inc., the leading real-world asset tokenization platform, today announced the launch of Securitize Fund Services. ...

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Hamilton Lane (HLNE) , which belongs to the Zacks Financial - Investment Management industry. When looking at the last two reports, this private-market investment firm has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 38.27%, on average, in the last two quarters. For the last reported quarter, Hamilton Lane cam ...

Investors might want to bet on Hamilton Lane (HLNE) , as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices. The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate. Since a changin ...

CONSHOHOCKEN, Pa., Oct. 16, 2024 /PRNewswire/ -- Hamilton Lane Incorporated (Nasdaq: HLNE) is scheduled to release financial results for the second fiscal quarter before the market opens on Wednesday, November 6, 2024. 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 November 6 to discuss the results for the second fisca ...

Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market's attention and deliver solid returns. However, it isn't easy to find a great growth stock. By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss. However, the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks bey ...

BOULDER, Colo., Sept. 16, 2024 /PRNewswire/ -- VFN Holdings, Inc. (Vero Networks, or Vero), a leading fiber infrastructure operator and broadband internet provider, is pleased to announce the successful completion of $80 million in preferred equity financing. This investment was led by Delta-v Capital and funds managed by Hamilton Lane, with participation from existing Vero investors, and closed in August of 2024. The new round of funding will enable Vero to continue to build fiber to the home in support of ...