Hamilton Lane Q3 2020 Earnings Report
Key Takeaways
Hamilton Lane Incorporated reported strong third-quarter fiscal 2020 results. Assets under management grew by 13% year-over-year, and management and advisory fees increased by 8% for the quarter. GAAP EPS was $0.46, and the company declared a quarterly dividend of $0.275 per share.
Total assets under management grew 13% year-over-year to approximately $66 billion.
Fee-earning assets under management increased 14% year-over-year to approximately $37 billion.
Management and advisory fees for the quarter were approximately $60 million, representing an 8% increase.
GAAP EPS was $0.46, with a GAAP net income of approximately $13 million for the quarter.
Hamilton Lane
Hamilton Lane
Hamilton Lane Revenue by Segment
Forward Guidance
Hamilton Lane expects a $4-5M run rate increase to G&A expense from new headquarters lease starting in 2H FY21.