BALA CYNWYD, Pa., Feb. 02, 2021 (GLOBE NEWSWIRE) -- Leading private markets asset management firm Hamilton Lane Incorporated (NASDAQ: HLNE) today reported its results for the third fiscal quarter ended December 31, 2020.
THIRD QUARTER FISCAL 2021 HIGHLIGHTS
- Assets under management – Total assets under management of approximately $76 billion grew 14% year-over-year. Fee-earning assets under management increased 9% to approximately $40 billion over the same period.
- Revenue – Management and advisory fees of approximately $75 million for the quarter represents growth of nearly 26% versus the prior year period.
- Carried Interest – Unrealized carried interest balance of approximately $497 million was up nearly 22% year-over-year.
- Earnings per share – GAAP EPS of $0.96 on approximately $33.2 million of GAAP net income for the quarter.
- Dividend – Declared a quarterly dividend of $0.3125 per share of Class A common stock to record holders at the close of business on March 15, 2021 that will be paid on April 6, 2021. The target full-year dividend of $1.25 represents a 13.6% increase from the prior fiscal year dividend.
Hamilton Lane issued a full detailed presentation of its third quarter fiscal 2021 results, which can be accessed by clicking here.
Hamilton Lane CEO Mario Giannini commented: “Despite an incredibly challenging 2020 on many fronts, we continued to deliver strong growth, opening new offices, hiring talent across a number of strategic areas, and introducing new product and service offerings. That we were able to persevere during such a time speaks to our high caliber employee base, as well as our strong culture of support and dedication.”
About Hamilton Lane
Hamilton Lane (NASDAQ: HLNE) is a leading alternative investment management firm providing innovative private markets solutions to sophisticated investors around the world. Dedicated to private markets investing for 29 years, the firm currently employs over 400 professionals operating in offices throughout North America, Europe, Asia-Pacific and the Middle East. Hamilton Lane has approximately $657 billion in assets under management and supervision, composed of approximately $76 billion in discretionary assets and approximately $581 billion in advisory assets, as of December 31, 2020. Hamilton Lane offers a full range of investment products and services that enable clients to participate in the private markets asset class on a global and customized basis. For more information, please visit www.hamiltonlane.com or follow Hamilton Lane on Twitter: @hamilton_lane.
