CONSHOHOCKEN, Pa., May 26, 2022 /PRNewswire/ — Leading private markets asset management firm Hamilton Lane Incorporated (NASDAQ: HLNE) today announced results for the fourth fiscal quarter and full year ended March 31, 2022.
HIGHLIGHTS OF FISCAL YEAR 2022
- Assets under management – Total assets under management of $106.4 billion increased 21% year over year. Interest-bearing assets under management increased by 17% to reach $49.1 billion during the same period.
- Revenue – Management and advisory fees increased by 9% for $314.2 million for fiscal year 2022.
- Interest carried – Balance of unrealized carried interest of $1.2 billion increased by 84% year over year.
- Earnings per share – GAAP EPS of $3.98 on $146.0 million of GAAP net income for fiscal year 2022.
- Dividend – Declared a quarterly dividend of $0.40 per Class A common share to the registrants at the close of business on June 15, 2022 which will be paid on July 7, 2022. The annual dividend target of $1.60 represents an increase of 14% compared to the dividend of the previous year.
Hamilton Lane has released a detailed presentation of its fourth quarter and full year 2022 results, which can be accessed by clicking here.
Hamilton Lane CEO Mario Giannini commented: “Amidst economic uncertainty, we remain focused on delivering results for our customers and shareholders. We executed well across all lines of business and concluded fiscal 2022 on a strong footing and with strong momentum, providing a solid base from which to operate as we enter our next fiscal year.”
Hamilton Lane will discuss fourth quarter and full year 2022 results in a webcast and conference call today, Thursday, May 26, 2022to 11:00 a.m. Eastern Time. The call will be broadcast live via webcast, accessible on the Shareholders page of the Hamilton Lane website.
To listen to the conference call and ask questions, participants can pre-register by clicking here and using conference ID 6058528. After registration, participants will receive an email with login details. Anyone having difficulty accessing the call this way can dial (888) 869-1189 or (706) 643-5902 for assistance.
A replay of the webcast will be available approximately two hours after the live broadcast for a period of one year and will be available for viewing in the same manner as the live webcast on the shareholders page of Hamilton Lane’s website.
About Hamilton Lane
Hamilton Lane (NASDAQ: HLNE) is a leading private markets investment management firm providing innovative solutions to institutional and private investors worldwide. Dedicated exclusively to private markets investing for 30 years, the firm currently employs approximately 530 professionals operating in offices across North America, Europe, Asia Pacific and the Middle East. Hamilton Lane has $901.1 billion of assets under management and supervision, comprising approximately $106.4 billion in discretionary assets and approximately $794.7 billion in advisory assets, March 31, 2022. Hamilton Lane specializes in creating flexible investment programs that provide clients with access to the full range of private markets strategies, sectors and geographies. For more information, visit www.hamiltonlane.com or follow Hamilton Lane on Twitter: @hamilton_lane.
Certain of the statements in this release may constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. Words such as “will”, “expect”, “believe”, “estimate”, “continue”, “anticipate”, “intend”, “plan” and similar expressions are intended to identify such statements prospective. Forward-looking statements address management’s current expectations and projections regarding our financial condition, results of operations, plans, objectives, future performance and business. All forward-looking statements are subject to known and unknown risks, uncertainties and other important factors that could cause actual results to differ materially, including risks relating to: our ability to manage growth, fund performance, competition in our industry, changes in our regulatory environment and tax status; general market conditions; our ability to access suitable investment opportunities for our clients; our ability to maintain our fee structure; our ability to attract and retain key employees; our ability to manage our obligations under our debt agreements; failures by customers and third-party investors to meet their commitment funding obligations; our ability to comply with investment guidelines established by our clients; our ability to successfully integrate acquired businesses with ours; our ability to manage risks associated with pursuing new business lines or entering into strategic partnerships; our ability to manage, identify and anticipate the risks we face; our ability to manage the effects of events beyond our control; and our ability to receive distributions from Hamilton Lane Advisors, LLC to fund our payment of dividends, taxes and other expenses.
The foregoing list of factors is not exhaustive. For more information regarding these risks and uncertainties and additional risks we face, you should refer to the “Risk Factors” detailed in Part I, Item 1A of our Annual Report on Form 10-K for the financial year ended March 31, 2021, as amended, and in our subsequent reports filed from time to time with the Securities and Exchange Commission. The forward-looking statements included in this press release speak only as of the date hereof. We undertake no obligation to update or revise any forward-looking statement as a result of new information or future events, except as otherwise required by law.