Hamilton Lane reported a strong third quarter in fiscal year 2021, with management and advisory fees increasing by nearly 26% year-over-year and assets under management growing by 14% year-over-year. GAAP EPS was $0.96, and total assets under management reached approximately $76 billion.
Total assets under management reached approximately $76 billion, a 14% increase year-over-year.
Fee-earning assets under management increased by 9% to approximately $40 billion year-over-year.
Management and advisory fees for the quarter were approximately $75 million, representing a growth of nearly 26% versus the prior year period.
GAAP EPS was $0.96 on approximately $33.2 million of GAAP net income for the quarter.
Some statements in the release may constitute forward-looking statements, and are subject to risks and uncertainties detailed in the company's filings with the Securities and Exchange Commission.