HAMILTON LANE INCORPORATED REPORTS STRONG FOURTH FISCAL QUARTER AND FISCAL YEAR 2023 RESULTS, WITH MANAGEMENT AND ADVISORY FEES GROWING BY 18% AND ASSETS UNDER MANAGEMENT GROWING BY 5% YEAR-OVER-YEAR.

CONSHOHOCKEN, Pa: Leading private markets asset management firm Hamilton Lane Incorporated (Nasdaq: HLNE) today reported its results for the fourth fiscal quarter and full fiscal year ended March 31, 2023.

FISCAL YEAR 2023 HIGHLIGHTS

Assets under management - Total assets under management of $111.9 billion grew 5% year-over-year. Fee-earning assets under management increased 17% to $57.3 billion over the same period.

Revenue - Management and advisory fees increased 18% to $371.9 million for fiscal 2023.

Carried Interest - Unrealized carried interest balance of $1.0 billion was down 14% year-over-year.

Earnings per share - GAAP EPS of $3.01 on $109.1 million of GAAP net income for fiscal 2023.

Dividend - Declared a quarterly dividend of $0.445 per share of Class A common stock to record holders at the close of business on June...