CONSHOHOCKEN, Pa. - Hamilton Lane (NASDAQ:HLNE) Incorporated (NASDAQ: HLNE), a prominent asset management firm specializing in private markets, announced today the launch of an underwritten public offering of 1,922,322 shares of its Class A common stock. The offering includes shares sold by both the company and a selling stockholder, with the completion of the offering subject to market conditions and other factors.
The firm has stated its intention to use the proceeds from its portion of the share sale to settle cash exchanges of membership units held by certain members in Hamilton Lane Advisors, L.L.C. However, Hamilton Lane will not receive any financial benefit from the shares sold by the selling stockholder.
Morgan Stanley & Co (NYSE:MS). LLC has been appointed as the book-running manager and underwriter for the offering. Potential investors can access the offering documents, including a prospectus and related prospectus supplement, through the Securities and Exchange Commission (SEC) website or by contacting Morgan Stanley's Prospectus Department.
Hamilton Lane, with nearly 700 professionals and offices across various global regions, manages approximately $903 billion in assets as of December 31, 2023. The firm's assets comprise $120 billion in discretionary assets and nearly $783 billion in non-discretionary assets. Hamilton Lane has been dedicated to private markets investing for over three decades and is known for its comprehensive investment programs across a range of private market strategies, sectors, and geographies.
The press release includes forward-looking statements regarding the anticipated amount and terms of the offering and its completion. These statements involve risks and uncertainties that could cause actual results to differ materially. For further details on these risks, interested parties are directed to the "Risk Factors" section in the offering's prospectus and prospectus supplement, as well as Hamilton Lane's annual and subsequent SEC filings.
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