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CONSHOHOCKEN, Pa. - Private markets asset management firm Hamilton Lane Incorporated (NASDAQ:HLNE), currently valued at $8.45 billion, announced Tuesday the pricing of an underwritten public offering of 528,705 shares of Class A common stock at approximately $77.5 million in gross proceeds. According to InvestingPro data, the company maintains strong financial health with a current ratio of 3.7, indicating robust liquidity.
The offering, which includes shares from both the company and a selling stockholder, is expected to close on September 4, subject to customary closing conditions.
Hamilton Lane stated it will use its portion of the proceeds to settle cash exchanges of membership units in Hamilton Lane Advisors, L.L.C. held by certain members. The company will not receive any proceeds from shares sold by the selling stockholder.
BofA Securities, Inc. is serving as the book-running manager and underwriter for the offering.
The transaction is being conducted through an effective shelf registration statement filed with the Securities and Exchange Commission.
Hamilton Lane, which has been focused exclusively on private markets investing for over 30 years, currently manages $986.2 billion in assets under management and supervision as of June 30. This consists of $140.9 billion in discretionary assets and $845.3 billion in non-discretionary assets.
The firm employs approximately 750 professionals operating from offices across North America, Europe, Asia Pacific and the Middle East, according to the press release statement.
In other recent news, Hamilton Lane reported its first-quarter earnings for fiscal year 2026, surpassing Wall Street expectations with a non-GAAP EPS of $1.31, compared to the forecast of $0.96. The company’s revenue also exceeded projections, reaching $175.96 million against the expected $164.5 million. Following these results, Keefe, Bruyette & Woods raised Hamilton Lane’s stock price target to $168 from $160, maintaining a Market Perform rating. Additionally, Hamilton Lane announced an underwritten public offering of 528,705 shares of Class A common stock. The proceeds from the company’s portion of the offering will be used to settle cash exchanges of membership units in Hamilton Lane Advisors, L.L.C.
In other developments, Hamilton Lane is involved in a $500 million joint venture with PennantPark Floating Rate Capital Ltd. to focus on middle market loans. The firm also played a role in Flexential’s recent $1 billion capital raise aimed at expanding data centers across the United States. The funding for Flexential includes a single-asset continuation vehicle anchored by funds managed by Hamilton Lane and an investment from GI Data Infrastructure. These recent activities highlight Hamilton Lane’s active involvement in various strategic financial initiatives.
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