Benzinga | Sep 1, 2020 04:23PM EDT

Hamilton Lane Announces 2.207M Share Common Stock Offering To Be Sold By Co. And One Selling Stockholder



BALA CYNWYD, Pa., Sept. 01, 2020 (GLOBE NEWSWIRE) -- Private markets asset management firm Hamilton Lane Incorporated (NASDAQ:HLNE) ("Hamilton Lane") today announced that it has commenced an underwritten public offering of 2,207,380 shares of Class A common stock, in the aggregate, to be sold by Hamilton Lane and one selling stockholder, subject to market and other conditions.

Hamilton Lane intends to use the proceeds from the sale of its shares to settle in cash exchanges of membership units in Hamilton Lane Advisors, L.L.C. held by certain of its members. Hamilton Lane will not receive any proceeds from the sale of shares by the selling stockholder.