The previously announced public offering by Hamilton Lane Inc. and certain selling shareholders of 4,531,001 class A common shares has closed.
Hamilton Lane has received approximately $125.2 million in proceeds from the sale of its shares. The company did not receive any proceeds from the sale of shares by the selling shareholders.
Hamilton Lane will use the proceeds to settle in cash exchanges of membership units in Hamilton Lane Advisors LLC held by certain of its members.
J. P. Morgan and Morgan Stanley are acting as lead joint book-running managers for the offering. Goldman Sachs & Co. LLC is acting as lead co-manager, and Keefe Bruyette & Woods, Wells Fargo Securities and Freeman & Co. Securities are acting as co-managers.
