Hamilton Lane Incorporated reported its assets under management grew by 11 percent year-over-year, totaling $129.7 billion for the first fiscal quarter ending June 30.
Fee-earning assets under management increased 13 percent to $67.7 billion during the same period. Management and advisory fees of $140 million for the quarter represent growth of 33 percent versus the same period in 2023. Unrealized carried interest balance of approximately $1.2 billion was up 12 percent versus the prior year period. GAAP EPS of $1.47 on $59 million of GAAP net income for the quarter. A quarterly dividend of 49 cents per share of Class A common stock to record holders at the close of business on Sept. 16, will be paid on Oct. 4. The target full-year dividend of $1.96 represents a 10 percent increase from the prior fiscal year dividend.
“After a successful fiscal 2024, we have opened up fiscal 2025 with a strong quarter. Our team remains focused on executing and delivering c