Item 1.01. Entry into a Material Definitive Agreement.
On April 22, 2021, Hamilton Lane Advisors, L.L.C. ("HLA"), the operating
subsidiary of Hamilton Lane Incorporated, entered into (i) the Third Amendment
to Term Loan and Security Agreement (the "Term Loan Amendment"), amending the
Term Loan and Security Agreement, dated as of August 23, 2017, by and among HLA
and First Republic Bank ("First Republic"), as previously amended, and (ii) the
Second Amendment to Multi-Draw Term Loan and Security Agreement (the "Multi-Draw
Amendment"), amending the Multi-Draw Term Loan and Security Agreement, dated as
of March 24, 2020, by and among HLA and First Republic, as previously amended.
The Term Loan Amendment provides an additional $25 million of committed
borrowing capacity under which HLA may request advances through March 24, 2023,
among other things. The Term Loan Amendment also modifies the financial
covenants applicable to HLA.
The Multi-Draw Amendment increases the maximum commitment amount from $75
million to $100 million and extends the period during which HLA may request an
advance under the facility until March 31, 2022, among other things. The
Multi-Draw Amendment also modifies the financial covenants applicable to HLA in
the same manner as the Term Loan Amendment.
The foregoing descriptions of the Term Loan Amendment and the Multi-Draw
Amendment do not purport to be complete and each is qualified in its entirety by
reference to the Term Loan Amendment and the Multi-Draw Amendment, which are
filed as Exhibits 10.1 and 10.2, respectively, to this Current Report on Form
8-K and are incorporated herein by reference.
Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an
Off-Balance Sheet Arrangement of a Registrant.
The information included in Item 1.01 of this Current Report on Form 8-K is
incorporated by reference into this Item 2.03.
Item 9.01. Financial Statements and Exhibits.

(d) Exhibits
Exhibit No.            Description
  10.1                   Third Amendment to Term Loan and Security Agreement, dated April 22, 2021,
                       by and between First Republic Bank and Hamilton Lane Advisors, L.L.C.
  10.2                   Second Amendment to Multi-Draw Term Loan and Security Agreement, dated
                       April 22, 2021, by and between First Republic Bank and Hamilton Lane
                       Advisors, L.L.C.
104                    Cover Page Interactive Data File (embedded within the Inline XBRL document)

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