$155 million Deal Value

Follow-On Offering



March 2018

Hamilton Lane Announces Completion of Class A Common Stock Offering
March 2018
Asset Management
Capital Raise
Deal Value

Private markets asset management firm Hamilton Lane Incorporated (NASDAQ: HLNE) (“Hamilton Lane”) today announced the completion of the previously announced public offering by Hamilton Lane and certain selling stockholders of 4,531,001 shares of Class A common stock, in the aggregate. The number of shares issued at closing included the exercise in full of the underwriters’ option to purchase 591,001 additional shares.

Hamilton Lane received approximately $155 million in proceeds from the sale of its shares, net of underwriting discounts and commissions and estimated offering expenses, and intends to use the proceeds to settle in cash exchanges of membership units in Hamilton Lane Advisors, L.L.C. held by certain of its members.  Hamilton Lane did not receive any proceeds from the sale of shares by the selling stockholders.

J. P. Morgan and Morgan Stanley acted as lead joint book-running managers for the offering. Goldman Sachs & Co. LLC acted as lead co-manager and Keefe, Bruyette & Woods, Wells Fargo Securities and Freeman & Co. Securities acted as co-managers.