THIRD QUARTER FISCAL 2021 HIGHLIGHTS
- Assets under management – Total assets under management of approximately
$76 billion grew 14% year-over-year. Fee-earning assets under management increased 9% to approximately$40 billion over the same period. - Revenue – Management and advisory fees of approximately
$75 million for the quarter represents growth of nearly 26% versus the prior year period. - Carried Interest – Unrealized carried interest balance of approximately
$497 million was up nearly 22% year-over-year. - Earnings per share – GAAP EPS of
$0.96 on approximately$33.2 million of GAAP net income for the quarter. - Dividend – Declared a quarterly dividend of
$0.3125 per share of Class A common stock to record holders at the close of business onMarch 15, 2021 that will be paid onApril 6, 2021 . The target full-year dividend of$1.25 represents a 13.6% increase from the prior fiscal year dividend.
Conference Call
To listen to the conference call and in order to ask questions, attendees may pre-register by clicking here and using the conference ID 9466747. After registration, attendees will receive an email with dial-in details. Anyone experiencing trouble accessing the call in this manner may dial (888) 869-1189 or (706) 643-5902 for assistance.
A replay of the webcast will be available approximately two hours after the live broadcast for a period of one year and can be accessed in the same manner as the live webcast at the Shareholders page of Hamilton Lane’s website.
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Forward-Looking Statements
Some of the statements in this release may constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. Words such as “will,” “expect,” “believe,” “estimate,” “continue,” “anticipate,” “intend,” “plan” and similar expressions are intended to identify these forward-looking statements. Forward-looking statements discuss management’s current expectations and projections relating to our financial position, results of operations, plans, objectives, future performance and business. All forward-looking statements are subject to known and unknown risks, uncertainties and other important factors that may cause actual results to be materially different, including risks relating to: our ability to manage growth, fund performance, changes in our regulatory environment and tax status; market conditions generally; our ability to access suitable investment opportunities for our clients; our ability to maintain our fee structure; our ability to attract and retain key employees; our ability to manage our obligations under our debt agreements; defaults by clients and third-party investors on their obligations to fund commitments; our ability to comply with investment guidelines set by our clients; our ability to consummate planned acquisitions and successfully integrate the acquired businesses with ours; our ability to manage risks associated with pursuing new lines of business; our ability to manage the effects of events outside of our control; and our ability to receive distributions from
The foregoing list of factors is not exhaustive. For more information regarding these risks and uncertainties as well as additional risks that we face, you should refer to the “Risk Factors” detailed in Part I, Item 1A of our Annual Report on Form 10-K for the fiscal year ended
Investor Contact
joh@hamiltonlane.com
+1 610 617 6026
Media Contact
kmcgann@hamiltonlane.com
+1 240 888 4078
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