• Reported GAAP EPS of $1.58 up 27.42% YoY • Reported revenue of $193.57M down -2.23% YoY
Bullish
Hamilton Lane achieved 3% AUM and 13% fee-earning AUM growth, alongside a 21% increase in quarterly management and advisory fees, and an 11% higher full-year dividend.
Bearish
Hamilton Lane faced a (45)% quarterly decline in incentive fees and a (57)% decrease in fee related performance revenues; the company remains dependent on distributions from Hamilton Lane Advisors, L.L.C.