Business
HAMILTON LANE INCORPORATED REPORTS STRONG FOURTH FISCAL QUARTER AND FISCAL YEAR 2022 RESULTS, WITH MANAGEMENT & ADVISORY FEES GROWING BY 9% AND ASSETS UNDER MANAGEMENT GROWING BY 21% YEAR-OVER-YEAR
CONSHOHOCKEN, Pa., May 26, 2022 /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, Pa., May 26, 2022 /PRNewswire/ -- Leading private markets asset management firm Hamilton Lane Incorporated (NASDAQ: HLNE) today reported its results for the fourth fiscal quarter and full fiscal year ended March 31, 2022.\nFISCAL YEAR 2022 HIGHLIGHTS\nAssets under management – Total assets under management of $106.4 billion grew 21% year-over-year. Fee-earning assets under management increased 17% to $49.1 billion over the same period.Revenue – Management and advisory fees increased 9% to $314.2 million for fiscal 2022.Carried Interest – Unrealized carried interest balance of $1.2 billion was up 84% year-over-year.Earnings per share – GAAP EPS of $3.98 on $146.0 million of GAAP net income for fiscal 2022.Dividend – Declared a quarterly dividend of $0.40 per share of Class A common stock to record holders at the close of business on June 15, 2022 that will be paid on July 7, 2022. The target full-year dividend of $1.60 represents a 14% increase from the prior fiscal year dividend.Hamilton Lane issued a full detailed presentation of its fourth quarter and full fiscal year 2022 results, which can be accessed by clicking here.\nHamilton Lane CEO Mario Giannini commented: \"Against a backdrop of economic uncertainty, we remain focused on delivering results for our clients and shareholders. We executed well across all business lines and concluded fiscal year 2022 on solid footing and with strong momentum, providing a firm foundation from which to operate as we enter our next fiscal year.\"\nConference CallHamilton Lane will discuss fourth quarter and full fiscal year 2022 results in a webcast and conference call today, Thursday, May 26, 2022, 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 6058528. 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 in the same manner as the live webcast at the Shareholders page...