|Over a month ago|
Hamilton Lane 1.45M share Spot Secondary priced at $88.25 » 09:0203/0203/02/21
The deal priced at low…
The deal priced at low end of $88.25-$89.25 target range. JPMorgan is acting as sole book running manager for the offering.
Hamilton Lane closes latest Strategic Opportunies Fund Series on nearly $900M » 07:1803/0203/02/21
Hamilton Lane announced…
Hamilton Lane announced the final closing of Hamilton Lane Strategic Opportunities Fund VI. The Fund represents nearly $900M in commitments from a wide range of global LPs. The Fund is focused on making credit-oriented investments striving for consistent cash yield, shorter duration and attractive risk-adjusted returns. Consistent with previous vintage vehicles, the Fund is comprised of a diverse set of institutions, including returning as well as new investors from Asia, the Middle East, Europe and North and South America.
Hamilton Lane 1.45M share Spot Secondary; price range $88.25-$89.25 » 16:3203/0103/01/21
JPMorgan is acting as…
JPMorgan is acting as sole book running manager for the offering.
Hamilton Lane announces offering of 1.45M shares of Class A common stock » 16:2503/0103/01/21
Hamilton Lane Incorporated announced that it has commenced an underwritten public offering of 1.45M shares of Class A common stock, in the aggregate, to be sold by Hamilton Lane and certain selling stockholders, 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 held by certain of its members. Hamilton Lane will not receive any proceeds from the sale of shares by the selling stockholders. J.P. Morgan Securities is acting as book-running manager and underwriter for the offering.
Hamilton Lane closes largest fund to-date » 07:2702/1602/16/21
Hamilton Lane announced…
Hamilton Lane announced the final close of Hamilton Lane Secondary Fund V, a global and diversified private equity secondary vehicle. The Fund closed with $3.9B of capital commitments, exceeding its $3B target and marking Hamilton Lane's largest fundraise to-date. Fund V received strong demand from institutional investors, including pension funds, Taft-Hartley plans, sovereign wealth funds, endowments, foundations, family offices, qualified high-net-worth individuals, and other financial institutions from around the Americas, EMEA, Asia and Israel. Meaningful support from existing investors in the program was complemented by a significant number of new investors globally.
Hamilton Lane reports Q3 EPS 96c, consensus 57c » 07:0502/0202/02/21
Reports Q3 revenue $75M,…
Reports Q3 revenue $75M, consensus $75.74M. Hamilton Lane CEO Mario Giannini commented: "Despite an incredibly challenging 2020 on many fronts, we continued to deliver strong growth, opening new offices, hiring talent across a number of strategic areas, and introducing new product and service offerings. That we were able to persevere during such a time speaks to our high caliber employee base, as well as our strong culture of support and dedication."
Hamilton Lane to acquire Denver-based 361 Capital » 10:3401/2801/28/21
Hamilton Lane announced…
Hamilton Lane announced plans to acquire the business of 361 Capital, LLC, a Denver-based boutique alternative asset management firm. The acquisition aims to expand Hamilton Lane's presence and capabilities in the U.S. private wealth channel, the company said in a statement. The 361 Capital team, led by Chairman and CEO Tom Florence and President Josh Vail, will remain in Denver, CO, growing Hamilton Lane's footprint to 18 locations around the world. Closing is expected to occur later this quarter and is subject to customary closing conditions. 361 Capital is being represented by Piper Sandler & Company in the transaction.
Morgan Stanley downgrades Hamilton Lane to Equal Weight following outperformance » 06:5201/2601/26/21
As previously reported,…
As previously reported, Morgan Stanley analyst Michael Cyprys downgraded Hamilton Lane to Equal Weight from Overweight with a price target of $90, up from $84. Valuation seems full with the stock trading at "a near record valuation" following its outperformance in the last twelve months, argues Cyprys. His own estimates for Hamilton Lane are now largely in line with consensus estimates, the analyst noted.
Hamilton Lane downgraded to Equal Weight from Overweight at Morgan Stanley » 05:3201/2601/26/21
Morgan Stanley analyst…
Morgan Stanley analyst Michael Cyprys downgraded Hamilton Lane to Equal Weight from Overweight.
Hamilton Lane price target raised to $77 from $70 at Wells Fargo » 08:1001/1101/11/21
Wells Fargo analyst…
Wells Fargo analyst Christopher Harris raised the firm's price target on Hamilton Lane to $77 from $70 and keeps an Equal Weight rating on the shares. The analyst expects Q4 results to include strong investment performance as well as additional evidence of the recovery for realization activity. He remains bullish on the alternative asset managers group overall, but recognizes the possibility for some near-term underperformance versus more "interest-rate driven" financials.