CONSHOHOCKEN, Pa. – Hamilton Lane (NASDAQ:) Incorporated (NASDAQ: HLNE) announced the pricing of its public offering of 1,922,322 shares of Class A common stock to raise approximately $210 million. The offering is expected to close on March 7, 2024, pending the satisfaction of customary closing conditions.
The proceeds from the sale of Hamilton Lane shares will be used to cash settlement of the exchange of membership interests in Hamilton Lane Advisors, LLC held by specific company members. However, the firm will not benefit financially from the shares sold by the selling shareholder.
Morgan Stanley is acting as exclusive manager and underwriter for the offering. The offering is being made pursuant to a shelf registration statement, including a prospectus and related prospectus supplement filed with the Securities and Exchange Commission (SEC). Interested parties may access these documents through the SEC’s website or by contacting Morgan Stanley’s prospectus department.
Hamilton Lane is a renowned wealth management firm focused on private markets. It employs approximately 700 professionals in its offices around the world. As of December 31, 2023, the company managed and controlled approximately $903 billion in assets, of which discretionary assets were approximately $120 billion and non-discretionary assets were approximately $783 billion.
The Company’s press release contained 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 results to differ materially. The risks associated with the offering are described in detail in the prospectus and prospectus supplement and in Hamilton Lane’s annual and subsequent reports filed with the SEC.
This news is based on a Hamilton Lane press statement. The offer is not a solicitation of securities and no sales will be made in jurisdictions where such transactions would be contrary to local securities laws.
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