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Jun 30, 2023
Hamilton Lane Q1 2024 Earnings Report
Hamilton Lane reported first quarter fiscal year 2024 results with AUM growing and management and advisory fees increasing.
Key Takeaways
Hamilton Lane reported mixed results for the first quarter of fiscal year 2024. While management and advisory fees increased by 23% year-over-year, total revenues decreased by 8% due to lower incentive fees. Assets under management grew by 8% year-over-year, reaching $117.1 billion.
Total assets under management reached $117.1 billion, an 8% increase year-over-year.
Fee-earning assets under management increased by 17% year-over-year.
Management and advisory fees grew by 23% compared to the prior year period.
GAAP EPS was $0.81, with a GAAP net income of $31.0 million.
Revenue by Segment
Forward Guidance
No specific forward guidance was provided in the press release.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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