Hamilton Lane Inc. and two selling stockholders closed an underwritten public offering of 2,680,089 class A common shares.
Gross proceeds of the offerings approximated $162.4 million.
Hamilton Lane received approximately $147.1 million in net proceeds from the sale of its shares and intends to use the proceeds to settle in cash exchanges of membership units in Hamilton Lane Advisors LLC held by certain of its members. The company did not receive any proceeds from the sale of shares by the selling stockholders.
Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC acted as joint book-running managers and underwriters for the offering.
