Hamilton Lane Revenue Jumps 56% but Client Flows Turn Choppier
Revenue rose 56% year over year to $275.3 million and fee-related earnings increased 49% to $124.5 million as total assets surpassed $1.1 trillion. The firm expects about $33 million in combined gains from monetizing stakes in Russell Investments and Canoe, plus a newly public stake in Securitize. Despite strong fundraising with 10 of 12 funds drawing net new money, management flagged choppier client flows and net outflows in a non-US multi-strategy equity fund for the quarter.