CONSHOHOCKEN, Pa., March 4,
2024 /PRNewswire/ -- Private markets asset
management firm Hamilton Lane Incorporated (Nasdaq: HLNE)
("Hamilton Lane") today announced that it has commenced an
underwritten public offering of 1,922,322 shares of Class A common
stock, in the aggregate, to be sold by Hamilton Lane and a selling
stockholder, subject to market and other conditions.
Hamilton Lane intends to use the proceeds from the sale of its
shares to settle in cash exchanges of membership units in Hamilton
Lane Advisors, L.L.C. held by certain of its members. Hamilton Lane
will not receive any proceeds from the sale of shares by the
selling stockholder.
Morgan Stanley & Co. LLC is acting as book-running manager
and underwriter for this offering.
The offering is being made pursuant to an effective shelf
registration statement (Registration No. 333-258567), including a
prospectus and related prospectus supplement, filed by Hamilton
Lane with the Securities and Exchange Commission ("SEC"). These
documents may be obtained for free by visiting the SEC's website at
http://www.sec.gov or by contacting:
Morgan Stanley & Co. LLC
Attention: Prospectus Department
180 Varick Street, 2nd Floor
New York, New York 10014
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of
these securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of such state or
jurisdiction.
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 nearly 700 professionals
operating in offices throughout North
America, Europe,
Asia Pacific and the Middle East. Hamilton Lane has approximately
$903 billion in assets under
management and supervision, composed of $120
billion in discretionary assets and nearly $783 billion in non-discretionary assets, as of
December 31, 2023. Hamilton Lane
specializes in building flexible investment programs that provide
clients access to the full spectrum of private markets strategies,
sectors and geographies.
Forward-Looking Statements
Some 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 these forward-looking statements.
Forward-looking statements discuss management's current views with
respect to, among other things, the anticipated amount and terms of
the offering and whether the offering will be completed. All
forward-looking statements are subject to known and unknown risks,
uncertainties and other important factors that may cause actual
results to be materially different. For more information regarding
the risks and uncertainties that we face, you should refer to the
"Risk Factors" detailed in the prospectus and prospectus supplement
related to the offering, as well as those in Part I, Item 1A of our
Annual Report on Form 10-K for the fiscal year ended March 31, 2023 and in our subsequent reports
filed from time to time with the SEC. The forward-looking
statements included in this release are made 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.
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SOURCE Hamilton Lane