Business
Hamilton Lane Announces Pricing of Public Offering of Class A Common Stock
CONSHOHOCKEN, Pa., March 4, 2024 /PRNewswire/ -- Private markets asset management firm Hamilton Lane Incorporated (Nasdaq: HLNE) ("Hamilton Lane") today
About this update from Hamilton Lane Incorporated
[{"type":"text","content":"CONSHOHOCKEN, Pa., March 4, 2024 /PRNewswire/ -- Private markets asset management firm Hamilton Lane Incorporated (Nasdaq: HLNE) (\"Hamilton Lane\") today announced the pricing of an underwritten public offering by Hamilton Lane and a selling stockholder of 1,922,322 shares of Class A common stock, in the aggregate, for gross proceeds of approximately $210 million. The offering is expected to close on March 7, 2024, subject to customary closing conditions.\n\nHamilton Lane intends to use the proceeds from the sale of its shares to settle in cash exchanges of membership units in Hamilton Lane Advisors, L.L.C. held by certain of its members. Hamilton Lane will not receive any proceeds from the sale of shares by the selling stockholder.\nMorgan Stanley is acting as sole book-running manager and underwriter for this offering. The offering is being made pursuant to an effective shelf registration statement (Registration No. 333-258567), including a prospectus and related prospectus supplement, filed by Hamilton Lane with the Securities and Exchange Commission (\"SEC\"). These documents may be obtained for free by visiting the SEC's website at http://www.sec.gov or by contacting:\nMorgan Stanley & Co. LLCAttention: Prospectus Department180 Varick Street, 2nd FloorNew York, New York 10014\nThis press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.\nAbout Hamilton Lane\nHamilton Lane (Nasdaq: HLNE) is one of the largest private markets investment firms globally, providing innovative solutions to institutional and private wealth investors around the world. Dedicated exclusively to private markets investing for more than 30 years, the firm currently employs nearly 700 professionals operating in offices throughout North America, Europe, Asia Pacific and the Middle East. Hamilton Lane has approximately $903 billion in assets under management and supervision, composed of $120 billion in discretionary assets and nearly $783 billion in non-discretionary assets, as of December 31, 2023. Hamilton Lane specializes in building flexible investment programs that provide clients acces...