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Hamilton Lane prices $67M common share offering

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Hamilton Lane prices $67M common share offering

Hamilton Lane Inc. and a selling shareholder priced a public offering of 1,449,303 class A common shares, which will result in gross proceeds of about $66.7 million.

The offering is expected to close March 14. Hamilton Lane intends to use the proceeds to settle exchanges of membership units in Hamilton Lane Advisors LLC.

The company will not receive any proceeds from the sale of shares by the selling shareholder.

JP Morgan and Goldman Sachs & Co. LLC are joint book-running managers and underwriters for the offering.