HAMILTON LANE INCORPORATED REPORTS SECOND QUARTER FISCAL 2025 RESULTS, WITH MANAGEMENT & ADVISORY FEES GROWING BY 10% AND ASSETS UNDER MANAGEMENT GROWING BY 10% YEAR-OVER-YEAR

HAMILTON LANE INCORPORATED REPORTS SECOND QUARTER FISCAL 2025 RESULTS, WITH MANAGEMENT & ADVISORY FEES GROWING BY 10% AND ASSETS UNDER MANAGEMENT GROWING BY 10% YEAR-OVER-YEAR

Benzinga
November 6, 2024

CONSHOHOCKEN, Penn., Nov. 6, 2024 /PRNewswire/ -- Leading private markets asset management firm Hamilton Lane Incorporated (NASDAQ:HLNE) today reported its results for the second fiscal quarter ended September 30, 2024.

SECOND QUARTER FISCAL 2025 HIGHLIGHTS

Assets under management – Total assets under management of $131.4 billion grew $12.2 billion year-over-year. Fee-earning assets under management increased $8.3 billion to $69.7 billion over the same period.

Revenue – Management and advisory fees of $119.8 million for the quarter represent growth of 10% versus the prior year period.

Carried Interest, Unrealized carried interest balance of approximately $1.3 billion, up 9% versus the prior year period.

Earnings per share, GAAP EPS of $1.37 on $55.0 million of GAAP net income for the quarter.

Dividend, Declared a quarterly dividend of $0.49 per share of Class A common stock to record holders at the close of business on December 16, 2024 that will be paid on January 7, 2025. The target full-year dividend of $1.96 represents a 10% increase from the prior fiscal year dividend.

Hamilton Lane issued a full detailed presentation of its second quarter fiscal 2025 results, which can be accessed on the Company's Shareholders website at https://shareholders.hamiltonlane.com/

Hamilton Lane Co-CEO Erik Hirsch commented: "Our unwavering commitment to achieving results for our clients and shareholders has led to another successful quarter for the firm. Our core business continues to experience steady growth, and we are consistently innovating to further enhance this progress."

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