CONSHOHOCKEN, Pa., Feb. 10,
2025 /PRNewswire/ -- Private markets asset management
firm Hamilton Lane Incorporated (Nasdaq: HLNE) ("Hamilton Lane")
today announced that it has commenced an underwritten public
offering of 1,572,536 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 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. 333-283233), 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 approximately
740 professionals worldwide operating in offices throughout
North America, Europe, Asia
Pacific and the Middle
East. Hamilton Lane has $956
billion in assets under management and supervision, composed
of nearly $135 billion in
discretionary assets and more than $821
billion in non-discretionary assets, as of December 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.
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
expectations and projections relating 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, 2024 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.
View original
content:https://www.prnewswire.com/news-releases/hamilton-lane-announces-public-offering-of-class-a-common-stock-302372764.html
SOURCE Hamilton Lane
