Hamilton Lane (HLNE) investor relations material

Executive summary

• Total asset footprint surpassed $1.1 trillion as of June 30, 2026, with AUM at $146.4 billion (+4% year-over-year) and AUA at $914.1 billion (+8%).

• Fee-related revenue rose 44% year-over-year to $236 million, and fee-related earnings increased 49% to $124.5 million.

• GAAP EPS was $1.93 ($80.5 million net income); non-GAAP EPS was $1.94 ($104.6 million adjusted net income).

• Dividend declared at $0.60 per share, on track for an 11% annual increase, payable October 6, 2026.

• Employs approximately 800 professionals across North America, Europe, Asia Pacific, and the Middle East.

Financial highlights

• Total revenues for the quarter were $275.3 million, up 56% year-over-year, driven by a 170% increase in incentive fees.

• Management and advisory fees grew 21% year-over-year to $161.4 million.

• Specialized fund management fees increased by $26 million (+32%) year-over-year, driven by $6.7 billion growth in Evergreen fee-earning AUM.

• Incentive fees totaled $114 million, mainly from performance fees in U.S. Private Assets Evergreen Fund.

• Fee Related Earnings Margin improved to 53% from 51% year-over-year.

Outlook and guidance

• Management expects continued growth in fee-earning AUM, supported by new client wins, account additions, and fund launches.

• Positive sentiment and normalization of flows anticipated as market education improves.

• Margin expansion expected from top-line growth, asset mix shift, and expense discipline.

• Ongoing investment in technology and expansion of the private wealth platform planned.