Hamilton Lane Incorporated Reports Strong Fourth Quarter and Fiscal Year 2020 Results, With Management & Advisory Fees Growing by Over 12% and Assets Under Management Growing by 12% Year-Over-Year

BALA CYNWYD, Pa., May 28, 2020 (GLOBE NEWSWIRE) -- Leading private markets asset management firm Hamilton Lane Incorporated (NASDAQ: HLNE) today reported its results for the fourth quarter and full fiscal year ended March 31, 2020.

FISCAL YEAR 2020 HIGHLIGHTS

• Assets under management – Total assets under management of approximately $69 billion grew 12% year-over-year. Fee-earning assets under management increased 15% to approximately $39 billion, over the same time period.
   
• Revenue – Management and advisory fees increased over 12% to approximately $245 million for fiscal 2020.
   
• Carried Interest – Unrealized carried interest balance of approximately $441 million grew over 35% year-over-year.
   
• Earnings per share – GAAP EPS of $2.15 on approximately $61 million of GAAP net income for fiscal 2020.
   
• Dividend – Declared a quarterly dividend of $0.3125 per share of Class A common stock to record holders at the close of business on June 15, 2020 that will be paid on July 7, 2020. The target full-year dividend of $1.25 represents a 13.6% increase from the prior fiscal year dividend.

Hamilton Lane issued a full detailed presentation of its fourth quarter and fiscal year 2020 results, which can be accessed by clicking here.

Hamilton Lane CEO Mario Giannini commented: “As countries, organizations and individuals strive to adapt and manage through this challenging time, our thoughts are with those affected by the pandemic, as well as with the essential workers around the world - including many of our clients, whose members are on the front lines. To these individuals, we offer our deepest thanks and appreciation. As ever, our top priority is the health and safety of our employees, clients and partners. The last few months have demonstrated our ability as individuals and as an organization to continue to execute on behalf of our clients and function normally in a remote work environment. As we reflect on this fiscal year, our strong market position and continued pursuit of executing across all business lines and service offerings contributed to our asset footprint reaching nearly $503 billion.”