Loading...
Hamilton Lane reported a strong fourth fiscal quarter and fiscal year 2024, highlighted by a 29% increase in management and advisory fees and a significant rise in incentive fees. The company's assets under management grew, and it declared a quarterly dividend of $0.49 per share.
Assets under management and fee-earning assets under management increased by 11% and 15%, respectively.
Management and advisory fees increased by 22% compared to fiscal year 2023.
GAAP net income was $48.4 million, with a GAAP EPS of $1.26.
The company declared a quarterly dividend of $0.49 per share of Class A common stock.
No specific forward guidance was provided in the press release.