BlackRock Inc. pulled in $342 billion of total client cash in the fourth quarter, pushing the firm to a record $14 trillion of assets as it integrates a string of recent acquisitions to become a force in private markets. Investors added $268 billion on a net basis to its long-term investment funds, including $181 billion to its exchange-traded fund business that now has $5.5 trillion overall, BlackRock said Thursday in a statement announcing full-year and quarterly earnings. The tally in the last three mo ...

Core Insights - Hamilton Lane has been recognized as a "Best Place to Work in Money Management" for the 14th consecutive year by Pensions & Investments, highlighting its consistent excellence in workplace culture since the program's inception in 2012 [1][2] Company Overview - Hamilton Lane is a leading private markets investment management firm with approximately 770 employees globally, serving over 2,600 clients, including individual investors and large institutional entities [3][5] - The firm manages $1.0 trillion in assets, comprising $145.4 billion in discretionary assets and $859.8 billion in non-discretionary assets as of September 30, 2025 [5] Workplace Culture - The recognition reflects Hamilton Lane's commitment to fostering a collaborative, inclusive, and innovative work environment, which is essential for attracting and retaining talent [3][4] - Co-CEOs Erik Hirsch and Juan Delgado emphasize that the firm's success is rooted in its people, aiming to create a supportive and inspiring workplace [4] Awards and Recognition - In addition to the P&I Best Places to Work award, Hamilton Lane has received multiple accolades in 2025, including recognition for ESG value creation and being named the Best Alternatives Asset Manager in Singapore [6]

Financial Performance - GAAP net loss attributable to StepStone Group Inc was $366.1 million, or $4.66 per share, for the quarter[3] - GAAP net loss was $575.5 million for the quarter and $587.5 million year-to-date[3] - Fee revenues increased by 17% to $217.5 million for the quarter and 18% to $430.2 million year-to-date[8] - Adjusted net income (ANI) was $66.7 million, or $0.54 per share, for the quarter, a 25% increase[8] - Fee-related earnings (FRE) increased 9% to $78.6 million for the quarter and 11% to $159.9 million year-to-date[8] - Gross realized performance fees increased 178% to $64.9 million for the quarter and 36% to $89.6 million year-to-date[26] Assets Under Management (AUM) - Assets under management (AUM) reached $209.1 billion, a 19% increase compared to the previous year[8] - Fee-earning AUM (FEAUM) grew by 27% to $132.8 billion[8] - Undeployed fee-earning capital remained relatively stable at $29.8 billion[8] Capital Raising and Deployment - The company raised $18 billion of new capital for separately managed accounts (SMA) over the last twelve months (LTM)[9] - $11 billion was raised for commingled funds over the LTM[9] - Total private wealth platform AUM is approximately $12.1 billion[9]

Financial Performance Highlights - Management and advisory fees increased by 39% for the quarter, reaching $213.401 million, and by 31% for the full year, totaling $767.014 million[7] - Total revenues increased by 6% for the quarter, amounting to $377.729 million, and by 65% for the full year, reaching $1.17483 billion[7] - Fee revenues increased by 40% for the quarter to $214.662 million and 31% for the full year to $770.489 million[9] - Fee-related earnings increased by 85% for the quarter to $94.081 million and 64% for the full year to $312.204 million[9] - Adjusted net income per share increased by 106% for the quarter to $0.68 and 69% for the full year to $2.05[9] - Gross realized performance fees increased by $120 million for the full year[46] Assets Under Management (AUM) - Assets under management increased by 21% to $189.4 billion[10] - Fee-earning AUM increased by 29% to $121.4 billion[10] - Undeployed fee-earning capital totaled $24.6 billion, a 9% increase[10] Capital Activity - Raised a total of $21 billion of new capital for separately managed accounts over the last twelve months[14] - Raised a total of $10 billion for commingled funds over the last twelve months[14]