Hamilton Lane Reports $124 Billion AUM Growth

Hamilton Lane Incorporated has reported strong fourth fiscal quarter and fiscal year 2024 results, with significant growth across key metrics. The firm's total assets under management grew by 11% year-over-year, reaching $124 billion. Meanwhile, fee-earning assets under management increased by 15% to $66 billion over the same period.

Management and advisory fees also saw substantial growth, increasing by 22% to $451.9 million for fiscal 2024. Additionally, the unrealized carried interest balance surged by 19% year-over-year, reaching $1.2 billion.

In terms of earnings, Hamilton Lane reported GAAP earnings per share of $3.69 on $140.9 million of GAAP net income for fiscal 2024. The firm also declared a quarterly dividend of $0.49 per share of class A common stock, with a target full-year dividend of $1.96, representing a 10% increase from the prior fiscal year dividend.

Hamilton Lane's co-CEO, Erik Hirsch, expressed satisfaction with the firm's performance, stating that fiscal year 2024 was another strong year for Hamilton Lane. He emphasized the firm's robust growth and its continued focus on delivering for clients and shareholders.

As a result of these announcements, the company's shares have moved 2.1% on the market, and are now trading at a price of $121.68. For more information, read the company's full 8-K submission here.

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