Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. But finding a great growth stock is not easy at all.
That's because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss.
However, the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company's real growth prospects, makes it pretty easy to find cutting-edge growth stocks.
Hamilton Lane (HLNE - Free Report) is on the list of such stocks currently recommended by our proprietary system. In addition to a favorable Growth Score, it carries a top Zacks Rank.
Research shows that stocks carrying the best growth features consistently beat the market. And returns are even better for stocks that possess the combination of a Growth Score of A or B and a Zacks Rank #1 (Strong Buy) or 2 (Buy).
Here are three of the most important factors that make the stock of this private-market investment firm a great growth pick right now.
Earnings GrowthEarnings growth is arguably the most important factor, as stocks exhibiting exceptionally surging profit levels tend to attract the attention of most investors. And for growth investors, double-digit earnings growth is definitely preferable, and often an indication of strong prospects (and stock price gains) for the company under consideration.
While the historical EPS growth rate for Hamilton Lane is 8.7%, investors should actually focus on the projected growth. The company's EPS is expected to grow 9% this year, crushing the industry average, which calls for EPS growth of 6%.
Impressive Asset Utilization RatioAsset utilization ratio -- also known as sales-to-total-assets (S/TA) ratio -- is often overlooked by investors, but it is an important indicator in growth investing. This metric shows how efficiently a firm is utilizing its assets to generate sales.
Right now, Hamilton Lane has an S/TA ratio of 0.37, which means that the company gets $0.37 in sales for each dollar in assets. Comparing this to the industry average of 0.24, it can be said that the company is more efficient.
While the level of efficiency in generating sales matters a lot, so does the sales growth of a company. And Hamilton Lane looks attractive from a sales growth perspective as well. The company's sales are expected to grow 18.6% this year versus the industry average of 4.5%.
Promising Earnings Estimate RevisionsBeyond the metrics outlined above, investors should consider the trend in earnings estimate revisions. A positive trend is a plus here. Empirical research shows that there is a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
The current-year earnings estimates for Hamilton Lane have been revising upward. The Zacks Consensus Estimate for the current year has surged 1.5% over the past month.
Bottom LineWhile the overall earnings estimate revisions have made Hamilton Lane a Zacks Rank #2 stock, it has earned itself a Growth Score of A based on a number of factors, including the ones discussed above.
You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
This combination positions Hamilton Lane well for outperformance, so growth investors may want to bet on it.
Hamilton Lane (HLNE - Free Report) closed the last trading session at $81.14, gaining 10% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $126.71 indicates a 56.2% upside potential.
The average comprises seven short-term price targets ranging from a low of $94.00 to a high of $174.00, with a standard deviation of $27.24. While the lowest estimate indicates an increase of 15.9% from the current price level, the most optimistic estimate points to a 114.4% upside. More than the range, one should note the standard deviation here, as it helps understand the variability of the estimates. The smaller the standard deviation, the greater the agreement among analysts.
While the consensus price target is a much-coveted metric for investors, solely banking on this metric to make an investment decision may not be wise at all. That's because the ability and unbiasedness of analysts in setting price targets have long been questionable.
But, for HLNE, an impressive average price target is not the only indicator of a potential upside. Strong agreement among analysts about the company's ability to report better earnings than they predicted earlier strengthens this view. While a positive trend in earnings estimate revisions doesn't gauge how much a stock could gain, it has proven to be powerful in predicting an upside.
Price, Consensus and EPS Surprise
Here's What You May Not Know About Analysts' Price TargetsAccording to researchers at several universities across the globe, a price target is one of many pieces of information about a stock that misleads investors far more often than it guides. In fact, empirical research shows that price targets set by several analysts, irrespective of the extent of agreement, rarely indicate where the price of a stock could actually be heading.
While Wall Street analysts have deep knowledge of a company's fundamentals and the sensitivity of its business to economic and industry issues, many of them tend to set overly optimistic price targets. Are you wondering why?
They usually do that to drum up interest in shares of companies that their firms either have existing business relationships with or are looking to be associated with. In other words, business incentives of firms covering a stock often result in inflated price targets set by analysts.
However, a tight clustering of price targets, which is represented by a low standard deviation, indicates that analysts have a high degree of agreement about the direction and magnitude of a stock's price movement. While that doesn't necessarily mean the stock will hit the average price target, it could be a good starting point for further research aimed at identifying the potential fundamental driving forces.
That said, while investors should not entirely ignore price targets, making an investment decision solely based on them could lead to disappointing ROI. So, price targets should always be treated with a high degree of skepticism.
Why HLNE Could Witness a Solid UpsideThere has been increasing optimism among analysts lately about the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher. And that could be a legitimate reason to expect an upside in the stock. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
Over the last 30 days, the Zacks Consensus Estimate for the current year has increased 1.5%, as one estimate has moved higher compared to no negative revision.
Moreover, HLNE currently has a Zacks Rank #2 (Buy), which means it is in the top 20% of more than 4,000 stocks that we rank based on four factors related to earnings estimates. Given an impressive externally-audited track record, this is a more conclusive indication of the stock's potential upside in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
Therefore, while the consensus price target may not be a reliable indicator of how much HLNE could gain, the direction of price movement it implies does appear to be a good guide.
On July 22, 2026, Hamilton Lane Inc (HLNE) shares fell 3.8% to $81.14. The stock has experienced considerable volatility, reflected in its 52-week range of $71.
Whether it's through stocks, bonds, ETFs, or other types of securities, all investors love seeing their portfolios score big returns. However, when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments.
Cash flow can come from bond interest, interest from other types of investments, and, of course, dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a metric that measures a dividend as a percent of the current stock price. Many academic studies show that dividends account for significant portions of long-term returns, with dividend contributions exceeding one-third of total returns in many cases.
Based in Conshohocken, Hamilton Lane (HLNE - Free Report) is in the Finance sector, and so far this year, shares have seen a price change of -37.25%. Currently paying a dividend of $0.60 per share, the company has a dividend yield of 2.85%. In comparison, the Financial - Investment Management industry's yield is 2.8%, while the S&P 500's yield is 1.35%.
Looking at dividend growth, the company's current annualized dividend of $2.40 is up 11.1% from last year. Over the last 5 years, Hamilton Lane has increased its dividend 5 times on a year-over-year basis for an average annual increase of 11.96%. Looking ahead, future dividend growth will be dependent on earnings growth and payout ratio, which is the proportion of a company's annual earnings per share that it pays out as a dividend. Hamilton Lane's current payout ratio is 37%, meaning it paid out 37% of its trailing 12-month EPS as dividend.
HLNE is expecting earnings to expand this fiscal year as well. The Zacks Consensus Estimate for 2026 is $6.33 per share, representing a year-over-year earnings growth rate of 7.29%.
Investors like dividends for a variety of different reasons, from tax advantages and decreasing overall portfolio risk to considerably improving stock investing profits. However, not all companies offer a quarterly payout.
Big, established firms that have more secure profits are often seen as the best dividend options, but it's fairly uncommon to see high-growth businesses or tech start-ups offer their stockholders a dividend. Income investors must be conscious of the fact that high-yielding stocks tend to struggle during periods of rising interest rates. That said, they can take comfort from the fact that HLNE is not only an attractive dividend play, but is also a compelling investment opportunity with a Zacks Rank of #2 (Buy).
SEI Investments (NASDAQ: SEIC - Get Free Report) and Hamilton Lane (NASDAQ: HLNE - Get Free Report) are both finance companies, but which is the better business? We will compare the two businesses based on the strength of their profitability, dividends, institutional ownership, earnings, valuation, risk and analyst recommendations. Institutional and Insider Ownership 70.6% of SEI Investments
, /PRNewswire/ -- Hamilton Lane Incorporated (Nasdaq: HLNE) is scheduled to release financial results for the first fiscal quarter ended June 30, 2026 before the market opens on Tuesday, August 4, 2026. A copy of the earnings release and full detailed presentation will be available on the Hamilton Lane Shareholders website at https://shareholders.hamiltonlane.com/.
Hamilton Lane will host a conference call via webcast at 11:00 a.m. ET on August 4 to discuss the results for the first fiscal quarter. For access to the live event via the webcast, visit Hamilton Lane's Shareholder's website by clicking here (https://shareholders.hamiltonlane.com/) at least 15 minutes prior to the start of the call. This feature will be in listen-only mode.
A replay of the webcast will be available approximately two hours after the live broadcast for a period of one year, and can be accessed in the same manner as the live webcast on the Hamilton Lane Shareholders website.
About Hamilton Lane
Hamilton Lane (Nasdaq: HLNE) is one of the largest private markets investment firms globally, providing innovative solutions to institutional and private wealth investors around the world. Dedicated exclusively to private markets investing for more than 30 years, the firm currently employs approximately 785 professionals operating in offices throughout North America, Europe, Asia Pacific and the Middle East. Hamilton Lane has $1 trillion in assets under management and supervision, composed of $141.8 billion in discretionary assets and $905.3 billion in non-discretionary assets, as of March 31, 2026. Hamilton Lane specializes in building flexible investment programs that provide clients access to the full spectrum of private markets strategies, sectors and geographies. For more information, please visit our website or follow Hamilton Lane on LinkedIn.
, /PRNewswire/ -- Leading global private markets investment management firm Hamilton Lane (Nasdaq: HLNE) today announced it has closed on $3.8 billion in total commitments for its Direct Equity strategy in and alongside the Hamilton Lane Equity Opportunities Fund VI ("EO VI" or "the Fund"), reflecting strong investor interest for Hamilton Lane's track record of investment performance and differentiated investment approach. The prior vintage fund, Hamilton Lane Equity Opportunities Fund V, closed at $2.1 billion.
EO VI seeks to provide investors with diversified exposure to middle-market buyout opportunities through Hamilton Lane's global Direct Equity platform. A wide range of global investors participated in the fundraise, including public pensions, sovereign wealth funds, Taft-Hartley pension plans, endowments, foundations, family offices and other financial institutions.
Ken Binick, Head of Direct Equity Investments at Hamilton Lane, commented: "We are thrilled to announce the final close of EO VI, our largest direct equity fund to date. Our differentiated approach within the middle market and our ability to deliver scaled strategic capital alongside our deep network of leading GPs resonated strongly with our investors. We continue to be encouraged by the early momentum across the portfolio, the various pathways for value creation across these companies, and our active pipeline of opportunities."
Megan Milne, Managing Director, Direct Equity Investments at Hamilton Lane, added: "The successful close of EO VI underscores the strength of our Direct Equity platform and reflects what our global investor base is looking for – access to a differentiated middle market opportunity set. We are grateful for the trust our existing and new investors have placed in us and are focused on making high-quality investments across an all-weather portfolio."
With more than $22.2 billion in AUM*, the firm's broader Direct Equity platform has been active for more than 30 years and is supported by a 43-person dedicated team. It includes commingled co-investment funds, evergreen vehicles and discretionary separate accounts. In just the last two years, Hamilton Lane's Direct Equity platform generated over $6 billion in distributions, and since inception the platform has made 787 discretionary direct equity investments.*
*As of March 31, 2026
About Hamilton Lane
Hamilton Lane (Nasdaq: HLNE) is one of the largest private markets investment firms globally, providing innovative solutions to institutional and private wealth investors around the world. Dedicated exclusively to private markets investing for more than 30 years, the firm currently employs approximately 785 professionals operating in offices throughout North America, Europe, Asia Pacific and the Middle East. Hamilton Lane has $1 trillion in assets under management and supervision, composed of $141.8 billion in discretionary assets and $905.3 billion in non-discretionary assets, as of March 31, 2026. Hamilton Lane specializes in building flexible investment programs that provide clients access to the full spectrum of private markets strategies, sectors and geographies. For more information, please visit our website or follow Hamilton Lane on LinkedIn.
Partnership enhances AI-powered AltComply with high-quality private markets benchmarking for wealth managers and investment teams
ATLANTA--(BUSINESS WIRE)--Gridline, the turnkey platform wealth management firms rely on to manage the private markets lifecycle, today announced a strategic partnership and technology integration with Hamilton Lane (Nasdaq: HLNE), a leading global private markets investment firm.
Drawing on Hamilton Lane’s extensive proprietary private markets data, Gridline has enhanced its AI-powered diligence solution, AltComply, with a new benchmarking engine. Hamilton Lane’s dataset offers one of the most comprehensive and timely views of the private markets.
Launched in March 2026, AltComply helps registered investment advisors (RIAs), multi-family offices and private banks scale private markets diligence without sacrificing judgment, regulatory defensibility or speed. Through AltComply’s integration with Hamilton Lane, wealth managers, investment teams and compliance organizations can benchmark fund managers against relevant peer groups and vintage-year cohorts, gain historical performance context and support more informed due diligence decisions.
“One of the most important steps in institutional-quality due diligence is understanding how a fund manager's performance compares against relevant peers over time,” said Peter Bilali, Chief Product Officer & Co-Founder of Gridline. “Without that context, investors are often flying blind when evaluating managers. AltComply's new capabilities help close the gap and enable investment teams to scale investment diligence while preserving judgment and maintaining a defensible audit trail.”
The integration represents the latest expansion of Gridline's end-to-end private markets platform, which enables RIAs, multi-family offices and private banks to build, manage and scale private market investment programs with institutional rigor.
By integrating Hamilton Lane's fund level benchmarking into AltComply's AI-powered diligence workflow, investment teams can continuously extract and update manager performance while gaining deeper insight into manager performance relative to peers. Compliance teams gain a comprehensive private market investment repository that supports standardization of processes, reductions in regulatory risk and repeatable diligence at scale, based on Gridline analysis. The result is a more efficient, centralized diligence process that saves firms an average of 10 hours per fund evaluated with AltComply—unlocking firm-wide capabilities to evaluate private market opportunities with greater context, confidence and speed.
“Partnering with Gridline allows us to seamlessly integrate our private markets benchmarking capabilities into advisors’ existing workflows, further advancing our goal of providing clients with the information they need to make strategic investment decisions,” said Griff Norville, Head of Technology Solutions at Hamilton Lane. “By combining cutting-edge technology with differentiated private markets data, wealth managers and investment teams are better equipped to build more sophisticated portfolios and deliver solutions their clients can trust.”
Existing AltComply users will receive access to the new benchmarking capabilities, while firms interested in exploring the platform can request trial access. For more information on Gridline and its mission to set a new standard for how private markets operate, please visit gridline.co.
About Gridline
Gridline is a turnkey, end-to-end platform purpose-built for structuring, launching, and managing private market strategies with institutional rigor. The company works with Registered Investment Advisers (RIAs), multi-family offices, and private banks to help them differentiate through white-labeled private market investment programs. By rebuilding private markets infrastructure from the ground up on a proprietary ledger, Gridline replaces fragmented tools and manual workflows with a single, integrated platform spanning diligence, execution, administration, and reporting. The result is greater consistency, transparency, and control, making it easier for advisory firms to scale alternatives as a core part of their business. Gridline Advisors, LLC is a Registered Investment Advisor registered with the State of Georgia. This is not an offer to buy or sell securities. For more information, visit gridline.co.
About Hamilton Lane
Hamilton Lane (Nasdaq: HLNE) is one of the largest private markets investment firms globally, providing innovative solutions to institutional and private wealth investors around the world. Dedicated exclusively to private markets investing for more than 30 years, the firm currently employs approximately 785 professionals operating in offices throughout North America, Europe, Asia Pacific and the Middle East. Hamilton Lane has $1 trillion in assets under management and supervision, composed of $141.8 billion in discretionary assets and $905.3 billion in non-discretionary assets, as of March 31, 2026. Hamilton Lane specializes in building flexible investment programs that provide clients access to the full spectrum of private markets strategies, sectors and geographies. For more information, please visit our website or follow Hamilton Lane on LinkedIn.
Hamilton Lane trades at a deep discount, with shares at 60% of estimated fair value despite robust business performance. HLNE's non-GAAP EPS grew 23.1% year-over-year, and management hiked the dividend by 11%, signaling confidence in ongoing cash flow strength. The stock's forward P/E of 12.8 is well below its 9-year average, with a fair value estimate of $141 per share, implying an 81% potential total return by June 2027.
All investors love getting big returns from their portfolio, whether it's through stocks, bonds, ETFs, or other types of securities. However, when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments.
While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is that coveted distribution of a company's earnings paid out to shareholders, and investors often view it by its dividend yield, a metric that measures the dividend as a percent of the current stock price. Many academic studies show that dividends make up large portions of long-term returns, and in many cases, dividend contributions surpass one-third of total returns.
Based in Conshohocken, Hamilton Lane (HLNE - Free Report) is in the Finance sector, and so far this year, shares have seen a price change of -38.78%. The private-market investment firm is currently shelling out a dividend of $0.54 per share, with a dividend yield of 2.92%. This compares to the Financial - Investment Management industry's yield of 2.59% and the S&P 500's yield of 1.43%.
Looking at dividend growth, the company's current annualized dividend of $2.40 is up 11.1% from last year. Over the last 5 years, Hamilton Lane has increased its dividend 5 times on a year-over-year basis for an average annual increase of 11.96%. Looking ahead, future dividend growth will be dependent on earnings growth and payout ratio, which is the proportion of a company's annual earnings per share that it pays out as a dividend. Hamilton Lane's current payout ratio is 37%, meaning it paid out 37% of its trailing 12-month EPS as dividend.
HLNE is expecting earnings to expand this fiscal year as well. The Zacks Consensus Estimate for 2026 is $6.33 per share, representing a year-over-year earnings growth rate of 7.29%.
From greatly improving stock investing profits and reducing overall portfolio risk to providing tax advantages, investors like dividends for a variety of different reasons. However, not all companies offer a quarterly payout.
For instance, it's a rare occurrence when a tech start-up or big growth business offers its shareholders a dividend. It's more common to see larger companies with more established profits give out dividends. Income investors have to be mindful of the fact that high-yielding stocks tend to struggle during periods of rising interest rates. With that in mind, HLNE is a compelling investment opportunity. Not only is it a strong dividend play, but the stock currently sits at a Zacks Rank of #3 (Hold).
Hamilton Lane (HLNE - Free Report) shares soared 7.4% in the last trading session to close at $99.07. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 4.7% loss over the past four weeks.
As major banks release their first-quarter 2026 results, the outlook for the finance sector has been lifted with expectations of strong investment banking activity, trading revenues, and deal-making momentum. Moreover, with improving outlook for fee-related earnings and renewed optimism around private equity and credit activity, investors are now rotating into beaten-down alternative asset managers. These are probably the reasons why the HLNE stock gained in last day’s trading session.
This private-market investment firm is expected to post quarterly earnings of $1.40 per share in its upcoming report, which represents a year-over-year change of +15.7%. Revenues are expected to be $199.94 million, up 1% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For Hamilton Lane, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on HLNE going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Hamilton Lane belongs to the Zacks Financial - Investment Management industry. Another stock from the same industry, GCM Grosvenor Inc. (GCMG - Free Report) , closed the last trading session 3.3% higher at $10.04. Over the past month, GCMG has returned -6.1%.
For GCM Grosvenor, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.19. This represents a change of +5.6% from what the company reported a year ago. GCM Grosvenor currently has a Zacks Rank of #2 (Buy).
Over 25 promotions and appointments to Managing Director and Principal reflect the firm's continued growth and expansion of its product offerings and client and investment teams , /PRNewswire/ -- Leading private markets investment management firm Hamilton Lane (Nasdaq: HLNE) today announced senior promotions and new appointments across its Investment, Client Solutions, Portfolio Management, Legal, Finance and Operations Teams.
The firm recognized the promotions of the following individuals to Managing Director:
Anastasia Di Carlo, Client Solutions Brian Reilly, Taft-Hartley Emily Lozada, Investment Legal Jan Verstraete, Secondary Investments Kaylin Liu, Fund Accounting Nelda Chang, Direct Equity Investments Scott Thomas, Client Solutions William Bannard, Portfolio Management Group In addition, the firm promoted the following individuals to Principal:
Agnieszka Lor, Account Execution Charlotte Riley, Human Resources Da Eun Kim, Client Solutions Jeff Benson, Client Solutions Jeff Straus, Secondary Investments Jerome Kamm, Direct Equity Investments Kristen McCarthy, Digital Business Transformation Kyle McGinnis, Direct Equity Investments Lauren Williamson, Client Solutions Steve Caplan, Direct Equity Investments All promotions were effective as of April 1, 2026.
The firm also made a number of new appointments, including Christopher Alpaugh as Managing Director, Head of National Sales. Based in New York, his focus is on the development and execution of the firm's U.S. evergreen sales strategy, and he reports to Beth Nardi, Head of U.S. Private Wealth. In addition, Alexandre Hökfelt joined the firm as a Managing Director on the Direct Credit Investment team in London, where he oversees the firm's UK and European Direct Credit platform and leads investment sourcing and due diligence efforts. Hökfelt reports to Tom Kerr, Co-Head of Investments and Co-Head of Secondaries.
Since the start of 2026, the firm has made the following Principal appointments:
Ian Meyers, Head of Enterprise Relationships James Wu, Head of Data Integrity Joseph Montelione, Treasury Kenneth Lower, Fund Accounting Maria Sala, Multi-Strategy, Evergreen Product Specialist Sean Abbott, Portfolio Management Group Erik Hirsch, Co-CEO at Hamilton Lane, commented, "We are happy to recognize these well deserved promotions, which are a reflection of our strong culture, standout talent and the dedication of an exceptional group of leaders, as well as welcome this new group of senior professionals to Hamilton Lane."
Juan Delgado, Co-CEO at Hamilton Lane, added, "Our growing leadership bench correlates directly to our ability to continue raising the bar for our clients around the world, as we seek to deliver best in class service and support the evolving needs of more than 2,600 institutional and private wealth investors worldwide. Congratulations to everyone recognized."
The firm was recognized for a number of awards recently, including being named to Pensions & Investments' 'Best Places to Work in Money Management' list for the 14th consecutive year and winning several awards across Asia: 'Best Asian Private Markets Manager' by Asia Asset Management; 'Alternatives House of the Year' by Fund Selector Asia; and was named to Korea Economic Daily's Best Asset Managers list.
About Hamilton Lane
Hamilton Lane (Nasdaq: HLNE) is one of the largest private markets investment firms globally, providing innovative solutions to institutional and private wealth investors around the world. Dedicated exclusively to private markets investing for more than 30 years, the firm currently employs approximately 780 professionals operating in offices throughout North America, Europe, Asia Pacific and the Middle East. Hamilton Lane has $1.0 trillion in assets under management and supervision, composed of $146.1 billion in discretionary assets and $871.5 billion in non-discretionary assets, as of December 31, 2025. Hamilton Lane specializes in building flexible investment programs that provide clients access to the full spectrum of private markets strategies, sectors and geographies. For more information, please visit our website or follow us on LinkedIn.
The Hamilton Lane Credit Income Fund is now available to institutional and private wealth investors via the interval fund structure The firm's Private Infrastructure Fund is now offered in an interval fund structure and is also available in a tokenized format through Republic's digital platform , /PRNewswire/ -- Hamilton Lane (Nasdaq: HLNE) today announced the launch of the Hamilton Lane Credit Income Fund ("HLCIF") and the conversion of the Hamilton Lane Private Infrastructure Fund ("HLPIF") to an interval fund structure.
Structured as interval funds, HLCIF and HLPIF are designed to offer institutional and private wealth investors in the U.S. access to private market strategies with investor‑friendly features, including 1099 tax reporting, quarterly limited liquidity, daily NAV pricing and investment minimums as low as $2,500 in certain share classes. Registered under the Investment Company Act of 1940, the interval funds aim to provide greater flexibility and accessibility to the asset class, while maintaining a conservative investment approach focused on risk management and volatility mitigation. Investors also benefit from quarterly repurchase offers, which seek to provide periodic liquidity without the extended lockups typically associated with closed‑end vehicles.
Beth Nardi, Head of U.S. Private Wealth at Hamilton Lane, commented, "These funds advance our ongoing commitment to expanding access to private markets and enhancing the investing experience, regardless of structure. Our aim is to meet advisors and their clients where they are by providing diversified, high‑quality exposure, greater transparency and streamlined access to private markets."
HLCIF
The firm's Credit Income Fund was declared effective by the SEC last month and has seen strong investor interest thus far, having already reached more than $350 million in commitments1.
HLCIF provides curated access to a diversified portfolio of middle‑market senior loans, sourced through Hamilton Lane's global multi‑manager platform rather than index‑based exposure. HLCIF is supported by the firm's 20+ years of direct credit investing experience and its extensive global GP network2.
HLPIF
Initially launched in October 2024, the Hamilton Lane Private Infrastructure Fund, which has been converted to an interval fund structure, will continue its existing infrastructure strategy focused on co‑investments and secondaries. Building on the firm's $90 billion platform3 and more than 25 years of experience in the infrastructure space, HLPIF seeks to capitalize on unique middle-market opportunities across the telecommunications, transportation, power & energy, environmental and renewables sectors.
In addition, as part of Hamilton Lane's ongoing effort to modernize access to private markets through technology, HLPIF is now also available in a tokenized format via Republic's digital investment platform.
Since launching its global evergreen platform in 2019, Hamilton Lane has built a suite of 12 funds representing nearly $18 billion in assets under management4.
1 Commitments are across strategic institutional and private wealth groups as well as the firm's balance sheet as of April 20, 2026
2Hamilton Lane has more than 400 active GP relationships within its private credit platform as of 1/31/26
3 Comprised of $7.6 billion in assets under management and $82.2 billion in assets under supervision as of 12/31/26
4Assets Under Management is calculated as the net asset value (NAV) as of February 28,2026 plus net subscriptions received for the March 2, 2026 trade date for all evergreen funds managed by Hamilton Lane.
About Hamilton Lane
Hamilton Lane (Nasdaq: HLNE) is one of the largest private markets investment firms globally, providing innovative solutions to institutional and private wealth investors around the world. Dedicated exclusively to private markets investing for more than 30 years, the firm currently employs approximately 780 professionals operating in offices throughout North America, Europe, Asia Pacific and the Middle East. Hamilton Lane has $1.0 trillion in assets under management and supervision, composed of $146.1 billion in discretionary assets and $871.5 billion in non-discretionary assets, as of December 31, 2025. Hamilton Lane specializes in building flexible investment programs that provide clients access to the full spectrum of private markets strategies, sectors and geographies. For more information, please visit our website or follow us on LinkedIn.
Important Information
Private markets investments involve significant risks, including illiquidity and the absence of daily market pricing, which may contribute to performance differences versus public benchmarks.
Investors should carefully consider the investment objectives, risks, charges and expenses of the Fund before investing. You should consider the Funds' investment objectives, risks, charges, and expenses carefully before investing. For a prospectus that contains this and other information about the Fund, call 1 (888) 882-8212. Please read the prospectus carefully before investing. Investing in the Fund involves risk including loss of principal.
Past performance does not guarantee future results, and investing in the Hamilton Lane Credit Income Fund and Hamilton Lane Private Infrastructure Fund (the "Funds") involve substantial risk, including the possible loss of principal, may not be suitable for all investors. Shares are speculative, illiquid, and not publicly traded, with limited repurchase opportunities and no expected secondary market. Redemptions may be made in kind and may include hard-to-sell securities. As non-diversified, closed-end interval funds, the Funds will conduct quarterly repurchase offers of at least 5% of outstanding shares, but only a limited portion will be eligible. The Funds should be viewed as a long-term investment suitable only for investors who can tolerate a high degree of risk and do not require liquidity.
HLCIF is newly formed and has no performance history. HLPIF has a limited operating history. The Funds' shares have no history of public trading. Results may be affected by market volatility, interest rate changes, leverage, and other economic factors. Distributions are not guaranteed and may be funded from sources such as borrowings or offering proceeds, which may constitute a return of capital. The Funds' success depends on the Adviser's ability to source suitable investments, including through private underlying vehicles ("Portfolio Funds"), which may involve illiquidity, valuation uncertainty, limited operating histories, unfunded commitments, and reduced transparency. The Funds may also invest in below-investment-grade securities, which carry higher default, valuation, liquidity, and volatility risks. Funds' shares are not government-insured and do not represent a complete investment program. Hamilton Lane Advisors, LLC is the Fund's investment advisor. Distribution Services, LLC serves as the Funds' Distributor and is not affiliated with any of the entities mentioned.
Forward-Looking Statements
Some of the statements in this release may constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. Words such as "will," "expect," "believe," "estimate," "continue," "anticipate," "intend," "plan" and similar expressions, or the negative version of these words or other comparable words, are intended to identify these forward-looking statements. Forward-looking statements discuss management's current expectations and projections relating to, among other things, our financial position, results of operations, plans, objectives, future performance and business. All forward-looking statements are subject to known and unknown risks, uncertainties and other important factors that may cause actual results to be materially different. For more information regarding the risks and uncertainties that Hamilton Lane faces, you should refer to the "Risk Factors" detailed in Part I, Item 1A of our Annual Report on Form 10-K for the fiscal year ended March 31, 2025 and in our subsequent reports filed from time to time with the Securities and Exchange Commission (the "SEC"), which are accessible on the SEC's website at www.sec.gov. The forward-looking statements included in this release are made only as of the date hereof. We undertake no obligation to update or revise any forward-looking statement as a result of new information or future events, except as otherwise required by law.
, /PRNewswire/ -- Hamilton Lane Incorporated (Nasdaq: HLNE) is scheduled to release financial results for the fourth fiscal quarter and full fiscal year ended March 31, 2026 before the market opens on Thursday, May 21, 2026. A copy of the earnings release and full detailed presentation will be available on the Hamilton Lane Shareholders website.
Hamilton Lane will host a conference call via webcast at 11:00 a.m. ET on May 21 to discuss the results for the fourth fiscal quarter and full fiscal year. For access to the live event via the webcast, visit Hamilton Lane's Shareholder's website by clicking here at least 15 minutes prior to the start of the call. This feature will be in listen-only mode.
A replay of the webcast will be available approximately two hours after the live broadcast for a period of one year, and can be accessed in the same manner as the live webcast on the Hamilton Lane Shareholders website.
About Hamilton Lane
Hamilton Lane (Nasdaq: HLNE) is one of the largest private markets investment firms globally, providing innovative solutions to institutional and private wealth investors around the world. Dedicated exclusively to private markets investing for more than 30 years, the firm currently employs approximately 780 professionals operating in offices throughout North America, Europe, Asia Pacific and the Middle East. Hamilton Lane has $1.0 trillion in assets under management and supervision, composed of $146.1 billion in discretionary assets and $871.5 billion in non-discretionary assets, as of December 31, 2025. Hamilton Lane specializes in building flexible investment programs that provide clients access to the full spectrum of private markets strategies, sectors and geographies. For more information, please visit our website or follow Hamilton Lane on LinkedIn.
Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Hamilton Lane (HLNE - Free Report) , which belongs to the Zacks Financial - Investment Management industry.
This private-market investment firm has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 31.84%.
For the last reported quarter, Hamilton Lane came out with earnings of $1.55 per share versus the Zacks Consensus Estimate of $1.28 per share, representing a surprise of 21.09%. For the previous quarter, the company was expected to post earnings of $1.08 per share and it actually produced earnings of $1.54 per share, delivering a surprise of 42.59%.
Price and EPS Surprise
For Hamilton Lane, estimates have been trending higher, thanks in part to this earnings surprise history. And when you look at the stock's positive Zacks Earnings ESP (Expected Surprise Prediction), it's a great indicator of a future earnings beat, especially when combined with its solid Zacks Rank.
Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Hamilton Lane has an Earnings ESP of +0.35% at the moment, suggesting that analysts have grown bullish on its near-term earnings potential. When you combine this positive Earnings ESP with the stock's Zacks Rank #3 (Hold), it shows that another beat is possibly around the corner. The company's next earnings report is expected to be released on May 21, 2026.
Investors should note, however, that a negative Earnings ESP reading is not indicative of an earnings miss, but a negative value does reduce the predictive power of this metric.
Many companies end up beating the consensus EPS estimate, but that may not be the sole basis for their stocks moving higher. On the other hand, some stocks may hold their ground even if they end up missing the consensus estimate.
Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
SAN DIEGO, April 28, 2026 (GLOBE NEWSWIRE) -- Johnson Fistel, PLLP is investigating potential claims on behalf of investors of Hamilton Lane Incorporated (NASDAQ: HLNE). The investigation focuses on Hamilton Lane’s executive officers and whether investor losses may be recovered under federal securities laws.
What if I purchased Hamilton Lane securities?
If you purchased Hamilton Lane securities and suffered losses on your investment, join our investigation now: Click here to join the investigation.
Or for more information, contact Jim Baker at [email protected] or (619) 814-4471. There is no cost or obligation to you.
Background of the investigation
On April 27, 2026, a report by Hunterbrook Media raised concerns regarding Hamilton Lane’s reported financial performance and underlying business metrics. Among other things, the report questioned the Company’s presentation of fee-related earnings (“FRE”), including the inclusion of performance-related revenues tied to unrealized gains and the exclusion of certain expenses, as well as the extent to which reported earnings growth reflected underlying economic performance.
The report also highlighted issues relating to fund flows and liquidity, including reported outflows in certain investment vehicles and the Company’s reliance on continued inflows and stable redemption activity. In addition, the report discussed valuation practices and the role of unrealized gains and transaction pricing in driving reported performance.
Following this disclosure, the price of Hamilton Lane’s stock declined approximately 6%, damaging investors.
In light of this disclosure, Johnson Fistel is investigating whether Hamilton Lane complied with the federal securities laws. If you suffered losses from your investment in Hamilton Lane stock, contact Johnson Fistel.
About Johnson Fistel, PLLP | Securities Fraud & Investor Rights
Johnson Fistel, PLLP is a nationally recognized shareholder-rights law firm with offices in California, New York, Georgia, Idaho, and Colorado. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits and also assists foreign investors who purchased shares on U.S. exchanges. To learn more, visit www.johnsonfistel.com.
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James Baker, Investor Relations – or – Frank J. Johnson, Esq.
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, /PRNewswire/ - Power Sustainable Energy Infrastructure ("PSEI"), the renewable energy infrastructure platform of Power Sustainable, today announced it completed the sale of a 49.9% interest in Big Sky Wind, a 240 MW operating wind facility located in Illinois, to funds managed by Hamilton Lane (Nasdaq: HLNE) and GCM Grosvenor, two leading global private markets investment firms. PSEI will retain a majority interest in the asset and continue to oversee its operations.
The transaction reflects PSEI's strategy of partnering with long-term institutional investors while actively recycling capital to fund new investments across its portfolio.
"We are pleased to partner with Hamilton Lane and GCM Grosvenor on Big Sky Wind," said Pierre-Olivier Perras, Managing Partner at PSEI. "This transaction highlights the quality of the asset and reflects our disciplined approach to active portfolio management and capital recycling, enabling us to reinvest in new opportunities and continue to scale our platform."
Taylor McManus, Principal, Infrastructure Investment Team at Hamilton Lane, said: "We are happy to be partnering with Power Sustainable, a proven investor and operator of renewable power generation across North America. This was a unique opportunity to invest in an operating wind asset with a strong contractual framework, an attractive risk return profile and favorable transaction dynamics."
"Big Sky Wind is a high-quality, repowered asset with a strong operating profile and exposure to a constructive U.S. power market," said Kevin Pellecchia, Executive Director, Infrastructure Investments at GCM Grosvenor. "Our investment reflects a focus on accessing established infrastructure assets alongside experienced sponsors, where we see the potential for durable cash flows and long-term value creation."
Big Sky Wind is an operating wind project with a strong performance track record, supported by high availability and stable cash flows. The asset, which was fully repowered in 2022, is located in the PJM market and is positioned to benefit from supportive market fundamentals.
This transaction underscores PSEI's ability to originate, scale, and optimize high-quality infrastructure assets, while maintaining a strong pipeline of investment opportunities across its core markets.
About Power Sustainable
Power Sustainable is a multi-platform alternative asset manager investing across the core sectors of the real economy as they undergo structural change. The firm allocates capital across energy, food, mobility, connectivity, and the built environment, investing selectively along their value chains through equity and credit strategies. Power Sustainable focuses on opportunities where transition, resilience, and resource efficiency are drivers of performance and risk. Power Sustainable is a subsidiary of Power Corporation of Canada (TSX: POW), an international management and holding company focused on financial services in North America, Europe, and Asia. Learn more on Power Sustainable's LinkedIn and Website.
About Hamilton Lane
Hamilton Lane (Nasdaq: HLNE) is one of the largest private markets investment firms globally, providing innovative solutions to institutional and private wealth investors around the world. Dedicated exclusively to private markets investing for more than 30 years, the firm currently employs approximately 780 professionals operating in offices throughout North America, Europe, Asia Pacific and the Middle East. Hamilton Lane has $1.0 trillion in assets under management and supervision, composed of $146.1 billion in discretionary assets and $871.5 billion in non-discretionary assets, as of December 31, 2025. Hamilton Lane specializes in building flexible investment programs that provide clients access to the full spectrum of private markets strategies, sectors and geographies. For more information, please visit our website or follow us on LinkedIn.
About GCM Grosvenor
GCM Grosvenor (Nasdaq: GCMG) is a global alternative asset management solutions provider with approximately $91 billion in assets under management across private equity, infrastructure, real estate, credit, and absolute return investment strategies. The firm has specialized in alternatives for more than 50 years and is dedicated to delivering value for clients by leveraging its cross-asset class and flexible investment platform.
GCM Grosvenor's experienced team of approximately 550 professionals serves a global client base of institutional and individual investors. The firm is headquartered in Chicago, with offices in New York, Toronto, London, Frankfurt, Tokyo, Hong Kong, Seoul and Sydney. For more information, visit: gcmgrosvenor.com.
Wall Street expects a year-over-year increase in earnings on higher revenues when Hamilton Lane (HLNE - Free Report) reports results for the quarter ended March 2026. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.
The earnings report, which is expected to be released on May 21, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.
While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.
Zacks Consensus EstimateThis private-market investment firm is expected to post quarterly earnings of $1.44 per share in its upcoming report, which represents a year-over-year change of +19%.
Revenues are expected to be $200.95 million, up 1.5% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 2.02% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Hamilton Lane?For Hamilton Lane, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +0.35%.
On the other hand, the stock currently carries a Zacks Rank of #3.
So, this combination indicates that Hamilton Lane will most likely beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Hamilton Lane would post earnings of $1.28 per share when it actually produced earnings of $1.55, delivering a surprise of +21.09%.
Over the last four quarters, the company has beaten consensus EPS estimates four times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Hamilton Lane appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Investors in Hamilton Lane Incorporated (HLNE - Free Report) need to pay close attention to the stock based on moves in the options market lately. That is because the May 15, 2026 $55.00 Call had some of the highest implied volatility of all equity options today.
What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy.
What do the Analysts Think?Clearly, options traders are pricing in a big move for Hamilton Lane shares, but what is the fundamental picture for the company? Currently, Hamilton Lane is a Zacks Rank #3 (Hold) in the Financial - Investment Management industry that ranks in the Bottom 19% of our Zacks Industry Rank. Over the last 60 days, our Zacks Consensus Estimate for the current quarter has moved from $1.48 per share to $1.46 in that period.
Given the way analysts feel about Hamilton Lane right now, this huge implied volatility could mean there’s a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected.
In its upcoming report, Hamilton Lane (HLNE - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $1.44 per share, reflecting an increase of 19% compared to the same period last year. Revenues are forecasted to be $200.95 million, representing a year-over-year increase of 1.5%.
The consensus EPS estimate for the quarter has undergone a downward revision of 2% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
Given this perspective, it's time to examine the average forecasts of specific Hamilton Lane metrics that are routinely monitored and predicted by Wall Street analysts.
Based on the collective assessment of analysts, 'Revenues- Incentive fees' should arrive at $46.07 million. The estimate points to a change of -34.3% from the year-ago quarter.
Analysts' assessment points toward 'Revenues- Management and advisory fees- Customized separate accounts' reaching $36.25 million. The estimate indicates a change of +12.4% from the prior-year quarter.
The combined assessment of analysts suggests that 'Revenues- Management and advisory fees' will likely reach $154.88 million. The estimate suggests a change of +21.2% year over year.
Analysts forecast 'Revenues- Management and advisory fees- Specialized funds' to reach $101.34 million. The estimate indicates a year-over-year change of +27.7%.
It is projected by analysts that the 'Fee Earning AUM - Customized Separate Accounts (CSA)' will reach $41.64 billion. The estimate compares to the year-ago value of $39.34 billion.
The consensus among analysts is that 'Fee Earning AUM - Total' will reach $81.17 billion. The estimate is in contrast to the year-ago figure of $72.05 billion.
Analysts predict that the 'Fee Earning AUM - Specialized Funds (SF)' will reach $39.54 billion. The estimate is in contrast to the year-ago figure of $32.70 billion.
According to the collective judgment of analysts, 'Total AUM & AUA' should come in at $1014.21 billion. The estimate is in contrast to the year-ago figure of $957.77 billion.
The consensus estimate for 'Assets Under Management (AUM)' stands at $144.88 billion. The estimate is in contrast to the year-ago figure of $138.30 billion.
The collective assessment of analysts points to an estimated 'Assets Under Advisement (AUA)' of $869.33 billion. Compared to the present estimate, the company reported $819.47 billion in the same quarter last year.
View all Key Company Metrics for Hamilton Lane here>>>
Hamilton Lane shares have witnessed a change of -20.3% in the past month, in contrast to the Zacks S&P 500 composite's +5.6% move. With a Zacks Rank #3 (Hold), HLNE is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
— Proven biopharmaceutical executive to lead commercial strategy as Cosette scales its branded pharmaceutical platform and advances its next phase of growth —
BRIDGEWATER, N.J.--(BUSINESS WIRE)--Cosette Pharmaceuticals, Inc., a U.S.-based, branded specialty pharmaceutical company, announced today it has appointed David Bell as Chief Commercial Officer (Brands). David joins the company’s executive leadership team as it continues to advance its ambitions in specialty pharmaceuticals and expand its commercial platform and portfolio.
David’s appointment reflects Cosette’s continued investment in the commercial capabilities required to support the next level of growth,” said Apurva Saraf, President and CEO of Cosette Pharmaceuticals.
Share In this new role, David will oversee all branded commercial functions – including sales, marketing, market access, commercial operations, analytics, and portfolio strategy. He will be responsible for driving performance across Cosette’s marketed portfolio of 21 brands, supporting the integration and growth of acquired assets, and ensuring strong alignment between commercial execution and the company’s broader strategic and financial objectives.
“David’s appointment reflects Cosette’s continued investment in the commercial capabilities required to support the next level of growth,” said Apurva Saraf, President and CEO of Cosette Pharmaceuticals. “His deep expertise in commercial strategy, market access, portfolio management, and P&L leadership will be valuable as we continue to strengthen our branded portfolio and integrate new assets.”
David brings more than 25 years of commercial and enterprise leadership experience across oncology, rare disease and gene therapy in specialty pharmaceuticals markets. Most recently, David served as Vice President, Business Unit Head, US Oncology at Ferring Pharmaceuticals, where he held full U.S. P&L ownership responsibility. He also previously served as Franchise General Manager at Melinta Therapeutics and spent 17 years at Merck & Co. / Schering-Plough in progressive global, U.S., and regional commercial leadership roles.
“I am proud to join Cosette, an organization that has built a differentiated platform with brands that help patients live better lives,” David shared. “I am excited to join a leadership team that will take Cosette’s branded portfolio to the next phase of corporate growth by maximizing current and acquired assets, expanding patient access to important medicines, and alleviating the burden and suffering of patients and their families.”
David earned his Master of Business Administration and Bachelor of Science in Finance from Seton Hall University’s W. Paul Stillman School of Business. He also served as a board member of Enhanced HealthCare Solutions.
About Cosette Pharmaceuticals
Cosette Pharmaceuticals, Inc. is a U.S.-based, leading specialty pharmaceutical company providing some of the most trusted and well-known brands in medicine — developing and delivering products that make a difference in patients’ lives. Cosette’s strong growth has been driven by its best-in-class marketing, promotion, and strategic distribution capabilities, enabling the company to scale efficiently while continuing to invest in high-quality, patient-centered therapies. Cosette has corporate headquarters in Bridgewater, New Jersey and is supported by 350+ dedicated team members across all functional areas. Cosette is backed by Avista Healthcare Partners, a healthcare focused private equity firm, and funds managed by Hamilton Lane, a private markets investment management firm (Nasdaq: HLNE). For more information, please visit www.cosettepharma.com or follow Cosette on LinkedIn.
On May 19, 2026, Hamilton Lane Inc (HLNE) shares fell 3.0%, closing at $84.11. The stock has been under pressure, trading within a 52-week range of $84.05 to $1
, /PRNewswire/ -- Leading private markets asset management firm Hamilton Lane Incorporated (Nasdaq: HLNE) today reported its results for the fourth quarter and full fiscal year ended March 31, 2026.
The Company issued a full detailed presentation of its fourth quarter and full fiscal year 2026 results, which can be accessed on the Company's Shareholders website at https://shareholders.hamiltonlane.com/.
Dividend
Hamilton Lane has declared a quarterly dividend of $0.60 per share of Class A common stock to record holders at the close of business on June 18, 2026 that will be paid on July 7, 2026. The target full-year dividend of $2.40 represents a 11% increase from the prior fiscal year dividend.
Stock Repurchase Plan
Hamilton Lane announced today that its board of directors approved an increase in the authorization under the Company's existing stock repurchase program to $100 million of its Class A common stock, net of amounts already repurchased under the prior authorization, with no share count or duration limitations.
Conference Call
Hamilton Lane will discuss fourth quarter and full fiscal year 2026 results in a webcast and conference call today, Thursday, May 21, 2026, at 11:00 a.m. Eastern Time.
For access to the live event via the webcast, visit Hamilton Lane's Shareholders website (https://shareholders.hamiltonlane.com/) at least 15 minutes prior to the start of the call. This feature will be in listen-only mode.
A replay of the webcast will be available approximately two hours after the live broadcast for a period of one year and can be accessed in the same manner as the live webcast at the Shareholders page of Hamilton Lane's website.
About Hamilton Lane
Hamilton Lane (Nasdaq: HLNE) is one of the largest private markets investment firms globally, providing innovative solutions to institutional and private wealth investors around the world. Dedicated exclusively to private markets investing for more than 30 years, the firm currently employs approximately 785 professionals operating in offices throughout North America, Europe, Asia Pacific and the Middle East. Hamilton Lane has $1 trillion in assets under management and supervision, composed of $141.8 billion in discretionary assets and $905.3 billion in non-discretionary assets, as of March 31, 2026. Hamilton Lane specializes in building flexible investment programs that provide clients access to the full spectrum of private markets strategies, sectors and geographies. For more information, please visit http://www.hamiltonlane.comor follow Hamilton Lane on LinkedIn: https://www.linkedin.com/company/hamilton-lane/.
Forward-Looking Statements
Some of the statements in this release may constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. Words such as "will," "expect," "believe," "estimate," "continue," "anticipate," "intend," "plan" and similar expressions, or the negative version of these words or other comparable words, are intended to identify these forward-looking statements. Forward-looking statements discuss management's current expectations and projections relating to our financial position, results of operations, plans, objectives, future performance and business. All forward-looking statements are subject to known and unknown risks, uncertainties and other important factors that may cause actual results to be materially different, including, risks relating to: the historical performance of our investments may not be indicative of future results or future returns on our Class A common stock; our ability to identify suitable investment opportunities for our clients; the impact of any poorly performing investments on our investment management revenue and earnings as well as our ability to raise capital; intense competition in our industry, including competition for access to investments and for customized separate account and advisory clients; customized separate account and advisory account fee revenue not being a long-term contracted source of revenue; our ability to appropriately deal with conflicts of interest; our ability to retain our senior management team and attract additional qualified investment professionals; our ability to expand our business and formulate new business strategies; the impact of declines in the pace or size of fundraising or investments made by us on behalf of our specialized funds or customized separate accounts; our ability to manage our obligations under our debt agreements and the dependence on leverage by certain funds, customized separate accounts and portfolio companies; our ability to comply with the investment guidelines set by our clients; the impact of misconduct by our employees, advisors or third-party service providers; the unpredictable and sporadic timing at which we receive carried interest distributions; the exercise of redemption or repurchase rights by investors in certain of our funds; the subjectivity of valuation methodologies; our investments may be in relatively high-risk, illiquid assets; extensive government regulation, compliance failures and changes in law or regulation could adversely affect us; our ability to maintain our desired fee structure; failure to maintain the security of our information technology networks, or those of our third-party service providers, or data security breaches; volatile market, economic and geopolitical conditions or catastrophic events, which can adversely affect our fundraising, our business and the investments made by our funds or accounts; and our only material asset is our interest in Hamilton Lane Advisors, L.L.C., and we are accordingly dependent upon distributions from such entity to pay dividends, taxes and other expenses.
The foregoing list of factors is not exhaustive and should be read in conjunction with the other cautionary statements that are included in our filings with the Securities and Exchange Commission. For more information regarding these risks and uncertainties as well as additional risks we face, you should refer to the "Risk Factors" detailed in Part I, Item 1A of our Annual Report on Form 10-K for the fiscal year ended March 31, 2025 and in our subsequent reports filed from time to time with the Securities and Exchange Commission, including our upcoming Annual Report on Form 10-K for fiscal 2026. The forward-looking statements included in this release are made only as of the date hereof. We undertake no obligation to update or revise any forward-looking statement as a result of new information or future events, except as otherwise required by law.
Hamilton Lane (HLNE - Free Report) came out with quarterly earnings of $1.49 per share, beating the Zacks Consensus Estimate of $1.43 per share. This compares to earnings of $1.21 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +4.20%. A quarter ago, it was expected that this private-market investment firm would post earnings of $1.28 per share when it actually produced earnings of $1.55, delivering a surprise of +21.09%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Hamilton Lane, which belongs to the Zacks Financial - Investment Management industry, posted revenues of $193.57 million for the quarter ended March 2026, missing the Zacks Consensus Estimate by 3.56%. This compares to year-ago revenues of $197.97 million. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Hamilton Lane shares have lost about 36.6% since the beginning of the year versus the S&P 500's gain of 8.6%.
What's Next for Hamilton Lane?While Hamilton Lane has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Hamilton Lane was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.39 on $210.95 million in revenues for the coming quarter and $6.39 on $914.23 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Financial - Investment Management is currently in the bottom 16% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, Sound Point Meridian Capital, Inc. (SPMC - Free Report) , is yet to report results for the quarter ended March 2026. The results are expected to be released on May 27.
This company is expected to post quarterly earnings of $0.41 per share in its upcoming report, which represents a year-over-year change of -37.9%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Sound Point Meridian Capital, Inc.'s revenues are expected to be $17.2 million, down 24.1% from the year-ago quarter.
For the quarter ended March 2026, Hamilton Lane (HLNE - Free Report) reported revenue of $193.57 million, down 2.2% over the same period last year. EPS came in at $1.49, compared to $1.21 in the year-ago quarter.
The reported revenue represents a surprise of -3.56% over the Zacks Consensus Estimate of $200.7 million. With the consensus EPS estimate being $1.43, the EPS surprise was +4.2%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Hamilton Lane performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Fee Earning AUM - Customized Separate Accounts (CSA): $40.94 billion compared to the $41.64 billion average estimate based on three analysts.Fee Earning AUM - Total: $81.51 billion versus $81.07 billion estimated by three analysts on average.Fee Earning AUM - Specialized Funds (SF): $40.57 billion compared to the $39.44 billion average estimate based on three analysts.Total AUM & AUA: $1047.15 billion versus $1014.21 billion estimated by two analysts on average.Assets Under Management (AUM): $141.83 billion compared to the $144.88 billion average estimate based on two analysts.Assets Under Advisement (AUA): $905.32 billion versus the two-analyst average estimate of $869.33 billion.Revenues- Incentive fees: $38.39 million versus the three-analyst average estimate of $46.07 million. The reported number represents a year-over-year change of -45.3%.Revenues- Management and advisory fees- Customized separate accounts: $35.08 million versus $36.25 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +8.7% change.Revenues- Management and advisory fees: $155.22 million compared to the $154.63 million average estimate based on three analysts. The reported number represents a change of +21.4% year over year.Revenues- Management and advisory fees- Specialized funds: $103.27 million versus $101.09 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +30.2% change.Revenues- Management and advisory fees- Fund reimbursement revenue: $2.43 million versus $1.5 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +20.2% change.Revenues- Management and advisory fees- Distribution management: $0.29 million compared to the $1.4 million average estimate based on two analysts. The reported number represents a change of -59% year over year.View all Key Company Metrics for Hamilton Lane here>>>
Shares of Hamilton Lane have returned -19.7% over the past month versus the Zacks S&P 500 composite's +4.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Stock Rotation is Underway: Here are the Winners Moving ForwardHamilton Lane NASDAQ: HLNE reported higher fiscal 2026 revenue and earnings growth, while management used the company’s fiscal fourth-quarter earnings call to push back against concerns about private markets and highlight momentum in its evergreen fund platform.
John Oh, Hamilton Lane’s head of shareholder relations, said the firm ended fiscal 2026 with a total asset footprint of $1 trillion, up 9% year over year. Assets under management were $142 billion, up $4 billion, or 3%, from the prior year, while assets under advisement reached $905 billion, up more than $86 billion, or 10%.
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Total management and advisory fees for the year were $584 million, up 14% from fiscal 2025. Total fee-related revenue, which includes management fees and fee-related performance revenue, rose 20% to $687 million. Fee-related earnings increased 25% to $345 million.
The company reported fiscal 2026 GAAP earnings per share of $5.92, based on $249 million of GAAP net income. Non-GAAP earnings per share were $5.90, based on $321 million of adjusted net income.
Oh also said Hamilton Lane’s board approved an 11% increase in the company’s annual fiscal dividend to $2.40 per share, or $0.60 per share per quarter. He said the increase marked the ninth consecutive annual double-digit percentage dividend increase since the firm went public in 2017.
Management Says Private Markets Are Improving Co-Chief Executive Officer Erik Hirsch said industry headlines have overstated concerns about private markets, arguing that Hamilton Lane’s data show a healthier environment emerging across several asset classes.
Hirsch said private equity is moving from a slower period into a better dealmaking and exit environment. He cited global buyout deal volume rising more than 40% in 2025 and total exit value increasing nearly 50%, which he described as the second-best year on record and close to the 2021 peak.
He also said private credit fundamentals remain solid, pointing to disciplined leverage, “benign” defaults and attractive spreads over public loans. Hirsch said equity contributions averaged about 50% in 2025 compared with about 33% in 2007, and said the default rate remains below 2%.
Hirsch highlighted venture and growth equity as a way to access artificial intelligence, data infrastructure, defense innovation and next-generation software opportunities, many of which he said are still developing in private markets. He also said secondaries, infrastructure and real estate continue to offer opportunities, while emphasizing that manager selection remains critical because performance dispersion across private-market strategies is wide and persistent.
Evergreen Funds Remain a Key Growth Driver Hamilton Lane ended the fiscal year with $82 billion of fee-earning AUM, up $9 billion, or 13%, from the prior year. Hirsch said growth continued to be driven largely by specialized funds, particularly evergreen products. Specialized fund fee-earning AUM ended fiscal 2026 at $41 billion, up $8 billion, or 24%, over the last 12 months.
Hirsch said Hamilton Lane’s evergreen platform produced more than $1 billion of net inflows during the quarter, despite what he described as a difficult industry backdrop for evergreen funds in calendar first quarter, especially in private credit. He said no Hamilton Lane evergreen fund had to impose gates, and no individual evergreen fund ended the quarter in a net outflow position.
Total evergreen AUM ended the quarter at more than $17.5 billion, representing 64% year-over-year growth. Hirsch said January and February were strong months, with net subscriptions of $471 million and $591 million, respectively. March turned slightly negative, with $17 million of net outflows, as gross redemptions increased and gross sales slowed.
For April, Hirsch said the company expected more than $265 million in aggregate net inflows across the evergreen product suite. In response to an analyst question from KBW’s Alex Bond, Hirsch said he would be “very disappointed” if April became the new run-rate reference point, adding that the company’s goal is to return to and exceed January and February levels.
Hirsch said institutional investors now represent more than 25% of capital flowing into Hamilton Lane’s evergreen products. He cited allocations from pensions, insurance companies, family offices and other institutional clients, including a private credit mandate from a large U.S. public pension plan. Part of that mandate seeded Hamilton Lane’s new U.S. Credit Evergreen interval fund, while the rest was deployed in a separate account.
In April, Hamilton Lane launched the Hamilton Lane Credit Income Fund, its 12th evergreen fund and its first daily subscription and daily priced offering. Hirsch said the fund focuses on senior private credit and launched with nearly $325 million committed by seed investors, including public pension plans, multi-employer union retirement pension plans and Hamilton Lane’s balance sheet capital.
Secondaries Strategy and Fundraising in Focus Hirsch spent a significant portion of the call discussing the secondaries market, where investors buy and sell existing private-market fund interests. He said secondary transactions often occur at discounts to net asset value because sellers are seeking liquidity in an illiquid market, but argued those transaction prices do not determine the value of the underlying assets.
Hirsch said Hamilton Lane committed nearly $5.5 billion to secondaries in calendar 2025 while turning down nearly 99% of the total dollar deal flow it reviewed. In response to UBS analyst Michael Brown, Hirsch said that selectivity was not primarily about competition but about asset quality, manager quality and price.
Hamilton Lane has launched fundraising for its seventh secondary fund and second venture product, and Hirsch said initial closes for both are expected in the coming months. The company has also launched fundraising for its first GP-led secondary fund, with a first close expected before the end of calendar 2026.
Hirsch also updated investors on the firm’s sixth Equity Opportunities Fund, which focuses on direct equity investments alongside general partners. The fund has raised about $2.8 billion after additional closes through the first half of May, more than 35% larger than the prior vintage, he said.
CFO Details Revenue, Expenses and Buybacks Chief Financial Officer Jeff Armbrister said management and advisory fees increased 14% for fiscal 2026 despite lower retroactive fees. Hamilton Lane received $3 million in retro fees in fiscal 2026, compared with nearly $21 million in fiscal 2025.
Specialized revenue increased $59 million, or 19%, driven primarily by a $7 billion increase in fee-earning AUM in the evergreen platform and more than $1 billion raised in the latest direct equity fund during fiscal 2026. Customized separate account revenue increased $7 million, or 5%, due to new accounts, client re-ups and continued investment activity.
Revenue from reporting, monitoring, data and analytics offerings increased by about $7 million, or 22%, as the company continued to grow its technology solutions business. Incentive fees totaled $175 million for the period, including fee-related performance revenue primarily from quarterly crystallization of performance fees for the U.S. Private Assets Evergreen Fund.
Armbrister said total expenses increased $38 million from the prior year. Compensation and benefits rose $25 million, mainly because of higher headcount and equity-based compensation. General and administrative expenses increased $13 million, driven largely by revenue-related expenses such as third-party commissions and platform fees tied to the U.S. evergreen product.
Fee-related earnings margin was 50% for fiscal 2026, up from 48% in the prior year. Armbrister said both fee-related earnings and margin benefited from fee-related performance revenue and management fee growth.
The company repurchased 199,000 shares during the quarter at a weighted average price of $100.43, spending about $20 million. Armbrister said the board increased Hamilton Lane’s repurchase authorization to allow up to $100 million of Class A common stock repurchases, less the approximately $20 million already spent, leaving about $80 million available.
Wealth Distribution and Liquidity Discussed in Q&A Analysts asked several questions about Hamilton Lane’s wealth distribution strategy and evergreen liquidity. In response to JPMorgan analyst Ken Worthington, Hirsch said several products are approaching what he views as “critical mass” of $1 billion or more, and the firm is in active dialogue with distribution partners.
Hirsch said Hamilton Lane has made several senior hires on the wealth side, generally from larger asset management firms, but added that the company has not yet seen much benefit from those hires because they are still being onboarded.
Asked by Morgan Stanley analyst Michael Cyprys about liquidity management in evergreen funds, Hirsch said the vehicles generate distributions and cash liquidity, maintain cash reserves and have lines of credit in place. He said the portfolios are highly diversified and that the firm continually models liquidity needs.
Hirsch closed the call by thanking investors and analysts for their engagement and support.
About Hamilton Lane NASDAQ: HLNEHamilton Lane is a global private markets investment management firm specializing in the full spectrum of private equity and credit strategies. The company partners with institutional investors and wealth managers to design, implement and manage customized portfolios in primary fund investing, secondary market transactions and direct co-investment opportunities. By combining investment selection, portfolio construction and ongoing monitoring, Hamilton Lane seeks to optimize risk-adjusted returns across diverse private markets exposures.
Founded in 1991, Hamilton Lane has developed a track record of investment and advisory services in private markets.
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On May 21, 2026, Hamilton Lane Inc (HLNE) shares rose 4.1% to a current price of $88.49. The stock has experienced significant volatility over the past year, tr
Hamilton Lane Inc (NASDAQ:HLNE) reported mixed results for the fourth quarter on Thursday.
The company posted quarterly earnings of $1.49 per share which beat the analyst consensus estimate of $1.43 per share. The company reported quarterly sales of $193.566 million which missed the analyst consensus estimate of $203.058 million.
Hamilton Lane shares rose 1.9% to trade at $90.25 on Friday.
These analysts made changes to their price targets on Hamilton Lane following earnings announcement.
BMO Capital analyst Brennan Hawken maintained the stock with an Outperform rating and lowered the price target from $108 to $102. Oppenheimer analyst Chris Kotowski maintained the stock with an Outperform rating and raised the price target from $171 to $179. Considering buying HLNE stock? Here’s what analysts think:
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Hamilton Lane says critics misunderstand how private-equity fund stakes are valued, defending the industry’s practice of booking gains on discounted secondary-market purchases. (Courtesy Hamilton Lane)
Private asset manager Hamilton Lane reported its fiscal year results last week, and fee earnings grew 25%. Yet the firm’s stock is down 36% since December, while the S&P 500 has risen 9%.
