CONSHOHOCKEN, Pa. - Hamilton Lane (NASDAQ:HLNE) Incorporated (NASDAQ: HLNE) has announced the pricing of a public offering of 1,922,322 shares of its Class A common stock, aiming to raise approximately $210 million. The offering is scheduled to close on March 7, 2024, pending the satisfaction of standard closing conditions.
The proceeds from the sale of Hamilton Lane's shares will be directed towards the cash settlement of exchanges of membership units in Hamilton Lane Advisors, L.L.C. held by specific members of the company. However, the firm will not benefit financially from the shares sold by the selling stockholder.
Morgan Stanley is serving as the exclusive book-running manager and underwriter for the offering. The offering is being conducted in accordance with a shelf registration statement, including a prospectus and related prospectus supplement filed with the Securities and Exchange Commission (SEC). Interested parties can access these documents through the SEC's website or by contacting Morgan Stanley's Prospectus Department.
Hamilton Lane is a prominent asset management firm focused on private markets, boasting nearly 700 professionals across its global offices. As of December 31, 2023, the company managed and supervised approximately $903 billion in assets, with discretionary assets amounting to $120 billion and non-discretionary assets nearing $783 billion.
The company's press release included forward-looking statements regarding the expected amount and terms of the offering and its completion. These statements are subject to various risks and uncertainties that could cause actual outcomes to differ materially. The risks associated with the offering are detailed in the prospectus and prospectus supplement, as well as in Hamilton Lane's annual and subsequent reports filed with the SEC.
This news is based on a press release statement from Hamilton Lane. The offering is not an invitation to buy securities, and sales will not occur in jurisdictions where such transactions would contravene local securities laws.
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