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Hamilton Lane reported strong growth across its business in Q4 2023. Assets under management reached approximately $112 billion, and management and advisory fees increased. The company declared a quarterly dividend of $0.445 per share of Class A common stock.
Assets under management reached approximately $112 billion as of March 31, 2023, a 5% increase year-over-year.
Fee-earning assets under management were approximately $57 billion as of March 31, 2023, a 17% increase year-over-year.
Management and advisory fees increased 18% compared to fiscal year 2022.
A quarterly dividend of $0.445 per share of Class A common stock was declared.
The company did not provide forward guidance in the earnings report.