Business
Hamilton Lane Incorporated Reports First Quarter Fiscal 2022 Results, With Management & Advisory Fees Growing By 10% And Assets Under Management Growing By 34% Year-Over-Year
CONSHOHOCKEN, Penn., Aug. 3, 2021 /PRNewswire/ -- Leading private markets asset management firm Hamilton Lane Incorporated (NASDAQ: HLNE) today reported its
About this update from Hamilton Lane Incorporated
[{"type":"text","content":"CONSHOHOCKEN, Penn., Aug. 3, 2021 /PRNewswire/ -- Leading private markets asset management firm Hamilton Lane Incorporated (NASDAQ: HLNE) today reported its results for the first fiscal quarter ended June 30, 2021.\nFIRST QUARTER FISCAL 2022 HIGHLIGHTS\nAssets under management – Total assets under management of $92 billion grew 34% year-over-year. Fee-earning assets under management increased 10% to $43 billion over the same period. Revenue – Management and advisory fees of $74 million for the quarter represents growth of 10% versus the prior year period. Carried Interest – Unrealized carried interest balance of $809 million was up 160% year-over-year. Earnings per share – GAAP EPS of $0.78 on $28 million of GAAP net income for the quarter. Dividend – Declared a quarterly dividend of $0.35 per share of Class A common stock to record holders at the close of business on September 15, 2021 that will be paid on October 6, 2021. The target full-year dividend of $1.40 represents a 12% increase from the prior fiscal year dividend.Hamilton Lane issued a full detailed presentation of its first quarter fiscal 2022 results, which can be accessed by clicking here.\nHamilton Lane CEO Mario Giannini commented: \"This fiscal quarter marked the 30th anniversary for Hamilton Lane. As I look back on the last three decades, I'm extremely proud of all that we have accomplished. Our focus on innovation and growth has allowed us to meet the needs of our clients within an evolving and increasingly complex asset class, and we look forward to continuing this leadership position into the future.\"\nConference CallHamilton Lane will discuss first quarter fiscal 2022 results in a webcast and conference call today, Tuesday, August 3, 2021, at 11:00 a.m. Eastern Time. The call will be broadcast live via a webcast, which may be accessed on the Shareholders page of Hamilton Lane's website.\nTo listen to the conference call and in order to ask questions, attendees may pre-register by clicking here and using the conference ID 6336659. After registration, attendees will receive an email with dial-in details. Anyone experiencing trouble accessing the call in this manner may dial (888) 869-1189 or (706) 643-5902 for assistance. \nA replay of the webcast will be available approximately two hours after the live broadcast for a period of one year and can be accessed i...