Significant Growth in Management and Advisory Fee Revenue
Management and advisory fee revenue grew by 18%, while fee-related earnings grew by 21% compared to the prior year.
Expansion in Assets Under Management
Total asset footprint increased to $956 billion, a 6% increase year-over-year, with AUM standing at $135 billion, up by 12%.
Strong Performance in Specialized Funds
Specialized funds revenue increased by 28%, with a notable $3.8 billion increase in fee-earning AUM within the Evergreen platform.
Recognition of Company Culture
Hamilton Lane was recognized as a Best Place to Work in Money Management for the 13th consecutive year.
Record Incentive Fees
Incentive fees totaled $129 million, up 163% relative to the prior year period, driven by strong performance in secondary funds.