Hamilton Lane Announces Pricing of Public Offering of Class A Common Stock

Whats Happening:

Hamilton Lane, a private markets asset management fund, has priced a public offering of 1,572,536 shares of Class A common stock at approximately $252 million. The fund plans to use the proceeds to settle cash exchanges of membership units in Hamilton Lane Advisors, L.L.C. held by certain members. The offering is expected to close on February 12, 2025.

Key Moves:

• Hamilton Lane prices public offering of 1.57M shares

• Gross proceeds expected to be approximately $252 million

• Proceeds to settle cash exchanges of membership units

By The Numbers:

• 1,572,536 shares of Class A common stock offered

• $252 million in expected gross proceeds

• $956 billion in assets under management and supervision as of December 31, 2024

Bottom Line:

Hamilton Lane's public offering of Class A common stock demonstrates the fund's ability to raise capital and manage its ownership structure. The $252 million in expected proceeds will be used to settle membership unit exchanges, potentially streamlining the fund's equity structure and providing liquidity to existing members.

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