Hamilton Lane Incorporated (Nasdaq: HLNE) is a prominent player in private markets asset management, specializing in innovative solutions for institutional and private wealth investors globally. With over 30 years in the industry, the firm is known for its expertise in diversified private market investing, featuring a team of approximately 760 professionals operating across various global locations.

For the fiscal year ending March 31, 2025, Hamilton Lane is in a stable condition, indicating a strong performance trajectory. The company reported a total assets under management (AUM) of $138 billion, which is an increase of 11% year-over-year. Additionally, fee-earning AUM reached $72 billion, reflecting a growth of 10% over the same period.

Management and advisory fees rose 14% year-over-year, totaling $514 million in fiscal 2025. The firm’s year-over-year net income stood at $217 million, translating to a GAAP earnings per share (EPS) of $5.41, up 47% compared to the previous fiscal year. Non-GAAP EPS reached $5.04, reflecting an increase of 29%.

Adjusted net income for the fiscal year was reported at $274 million, with fee-related earnings increasing by 34% to $276 million. The firm’s fees related to incentive performance demonstrated substantial growth, totaling $199 million, a 95% increase year-over-year. Excluding the impact of fee-related performance revenues, incentive fees grew approximately 40%.

Hamilton Lane’s unrealized carried interest balance was recorded at $1.3 billion, reflecting a 3% increase from the prior year. The firm also announced a 10% year-over-year increase in its quarterly dividend to $0.54 per share, culminating in a full-year dividend of $2.16.

Total expenses for the fiscal year increased by 29% to $396 million, primarily due to elevated compensation and benefits expenses associated with a growing headcount and performance-related compensation. Nevertheless, the fee-related earnings margin improved to 48%, up from 45% in the previous year.

Overall, Hamilton Lane’s financial results for fiscal year 2025 showcase significant growth metrics across various key performance indicators, solidifying the company’s stability and ongoing positive trajectory within the private markets asset management sector.