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, 2024.
FISCAL YEAR 2024 HIGHLIGHTS
- Assets under management – Total assets under management of $124 billion grew 11% year-over-year. Fee-earning assets under management increased 15% to $66 billion over the same period.
- Revenue – Management and advisory fees increased 22% to $451.9 million for fiscal 2024.
- Carried Interest – Unrealized carried interest balance of $1.2 billion was up 19% year-over-year.
- Earnings per share – GAAP EPS of $3.69 on $140.9 million of GAAP net income for fiscal 2024.
- Dividend – Declared a quarterly dividend of $0.49 per share of Class A common stock to record holders at the close of business on June 14, 2024 that will be paid on July 5, 2024. The target full-year dividend of $1.96 represents a 10% increase from the prior fiscal year dividend.
Hamilton Lane issued a full detailed presentation of its fourth quarter and full fiscal year 2024 results, which can be accessed by clicking here.
Hamilton Lane Co-CEO Erik Hirsch commented: “Fiscal year 2024 was another strong year for Hamilton Lane. We continue to execute well across the entirety of the business and our growth remains robust. Our market continues to offer significant opportunity and we remain intensely focused on delivering for our clients and shareholders.”
About Hamilton Lane
Hamilton 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 approximately 700 professionals operating in offices throughout North America, Europe, Asia Pacific and the Middle East. Hamilton Lane has $920.6 billion in assets under management and supervision, composed of $124.4 billion in discretionary assets and $796.2 billion in non-discretionary assets, as of March 31, 2024. Hamilton Lane specializes in building flexible investment programs that provide clients access to the full spectrum of private markets strategies, sectors and geographies. For more information, please visit www.hamiltonlane.com or follow Hamilton Lane on LinkedIn: https://www.linkedin.com/company/hamilton-lane/.
