Hamilton Lane Incorporated(NASDAQ:HLNE)
Hamilton Lane Incorporated is an investment firm specializing in direct and fund of fund investments. It provides following services: separate accounts (customized to each individual client and structured as single client vehicles); specialized strategies (fund-of-funds, secondaries, co-investments,...
Website: http://www.hamiltonlane.com
Founded: 1991
Full Time Employees: 400
Sector: Financial Services
Industry: Asset Management
• Market Cap:
• Exchange:
• Shs Outstanding:
• Employees:
• Beta:
• Return on Equity (ROE) ttm:
• Return on Assets (ROA) ttm:
• EPS ttm:
• Book value per Share:
• Cash per Share:
• Current ast per Share:
• P/E ttm:
• P/E forward:
• P/E ttm high:
• P/E ttm low:
• P/S ttm:
• P/B ttm:
• P/FCF ttm:
• PEG ratio:
• Cash Ratio ttm:
• Quick Ratio ttm:
• Current Ratio ttm:
• Gross Mgn ttm:
• EBITDA Mgn ttm:
• Operating Mgn ttm:
• Net Income Mgn ttm:
• Trailing Div yield:
• Forward Div yield:
• Payout Ratio ttm:
• Ex-Dividend date:
• Target Price High:
• Target Price Low:
• Target Price Mean:
• Number of Analysts:
• Debt Ratio ttm:
• Debt to Equity ttm:
• Total Net Debt:
At a glance:
Bull Thesis:
Bear Thesis:
Main Competitors:
Moat:
Income Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
revenues | |||||||||||||||||||||||||||||||||||||
management and advisory fees | 155,216,000 | 153,177,000 | 142,127,000 | 133,696,000 | 127,837,000 | 126,282,000 | 119,783,000 | 139,962,000 | 123,704,000 | 113,641,000 | 109,184,000 | 105,407,000 | 95,692,000 | 97,355,000 | 92,880,000 | 85,946,000 | 84,575,000 | 79,836,000 | 75,934,000 | 73,884,000 | 80,531,000 | 75,279,000 | 66,367,000 | 67,267,000 | 65,336,000 | 59,837,000 | 59,196,000 | 60,551,000 | 57,929,000 | 55,617,000 | 53,248,000 | 50,979,000 | 48,704,000 | 48,344,000 | 46,298,000 | 51,684,000 | |
incentive fees | 38,387,000 | 45,375,000 | 44,551,000 | 42,262,000 | 70,135,000 | 41,176,000 | 30,216,000 | 56,769,000 | 52,961,000 | 11,623,000 | 17,692,000 | 19,630,000 | 17,096,000 | 24,075,000 | 59,237,000 | 49,524,000 | 13,916,000 | 10,490,000 | 21,362,000 | 2,364,000 | 1,289,000 | 9,304,000 | 18,064,000 | 2,477,000 | 11,596,000 | 8,301,000 | 5,096,000 | 4,135,000 | 9,059,000 | 10,379,000 | 2,585,000 | 12,383,000 | 28,905,000 | 16,670,000 | 2,411,000 | 1,017,000 | |
consolidated funds and partnerships: | |||||||||||||||||||||||||||||||||||||
total revenues | 193,566,000 | 198,589,000 | 190,880,000 | 175,958,000 | 197,972,000 | 168,261,000 | 149,999,000 | 196,731,000 | 176,665,000 | 125,264,000 | 126,876,000 | 125,037,000 | 112,788,000 | 127,074,000 | 153,382,000 | 135,509,000 | 100,900,000 | 91,704,000 | 96,320,000 | 78,995,000 | 102,877,000 | 84,583,000 | 84,431,000 | 69,744,000 | 76,932,000 | 68,138,000 | 64,292,000 | 64,686,000 | 66,988,000 | 65,996,000 | 55,833,000 | 63,362,000 | 77,609,000 | 65,014,000 | 48,709,000 | 52,701,000 | |
yoy | -2.23% | 18.02% | 27.25% | -10.56% | 12.06% | 34.33% | 18.22% | 57.34% | 56.63% | -1.42% | -17.28% | -7.73% | 11.78% | 38.57% | 59.24% | 71.54% | -1.92% | 8.42% | 14.08% | 13.26% | 33.72% | 24.13% | 31.32% | 7.82% | 14.84% | 3.25% | 15.15% | 2.09% | -13.69% | 1.51% | 14.63% | 20.23% | |||||
qoq | -2.53% | 4.04% | 8.48% | -11.12% | 17.66% | 12.17% | -23.75% | 11.36% | 41.03% | -1.27% | 1.47% | 10.86% | -11.24% | -17.15% | 13.19% | 34.30% | 10.03% | -4.79% | 21.93% | -23.21% | 21.63% | 0.18% | 21.06% | -9.34% | 12.91% | 5.98% | -0.61% | -3.44% | 1.50% | 18.20% | -11.88% | -18.36% | 19.37% | 33.47% | -7.57% | ||
expenses | |||||||||||||||||||||||||||||||||||||
compensation and benefits | 75,090,000 | 77,944,000 | 76,986,000 | 69,556,000 | 79,088,000 | 61,905,000 | 55,070,000 | 78,435,000 | 64,266,000 | 49,706,000 | 45,930,000 | 44,103,000 | 40,177,000 | 45,676,000 | 60,364,000 | 52,194,000 | 35,137,000 | 34,004,000 | 33,292,000 | 26,732,000 | 42,405,000 | 28,536,000 | 35,027,000 | 30,351,000 | 28,151,000 | 23,369,000 | 23,353,000 | 23,646,000 | 24,483,000 | 23,843,000 | 22,771,000 | 26,622,000 | 22,621,000 | 20,006,000 | 20,279,000 | 19,962,000 | |
general, administrative and other | 35,256,000 | 34,329,000 | 33,549,000 | 28,943,000 | 34,071,000 | 30,581,000 | 27,737,000 | 28,373,000 | 28,495,000 | 24,152,000 | 24,994,000 | 25,761,000 | 23,329,000 | 22,717,000 | 22,836,000 | 20,513,000 | 19,298,000 | 16,332,000 | 16,256,000 | 16,154,000 | 14,232,000 | 13,328,000 | 11,090,000 | 10,560,000 | 15,162,000 | 15,877,000 | 14,014,000 | 14,047,000 | 13,577,000 | 13,916,000 | 11,695,000 | 11,048,000 | 10,626,000 | 10,704,000 | 8,424,000 | 8,458,000 | |
total expenses | 111,319,000 | 112,583,000 | 111,165,000 | 98,983,000 | 113,942,000 | 92,539,000 | 82,807,000 | 107,120,000 | 92,778,000 | 73,870,000 | 71,279,000 | 70,098,000 | 63,471,000 | 68,702,000 | 83,556,000 | 72,984,000 | 54,633,000 | 50,658,000 | 49,819,000 | 43,245,000 | 57,015,000 | 41,864,000 | 46,117,000 | 40,911,000 | 43,313,000 | 39,246,000 | 37,367,000 | 37,693,000 | 38,060,000 | 37,759,000 | 34,466,000 | 37,670,000 | 33,247,000 | 30,710,000 | 28,703,000 | 28,420,000 | |
other income | |||||||||||||||||||||||||||||||||||||
equity in income of investees | 11,108,000 | 11,307,000 | 20,069,000 | 9,439,000 | 3,643,000 | 11,611,000 | 6,372,000 | 7,389,000 | 14,822,000 | -46,000 | 8,251,000 | 11,866,000 | 12,581,000 | 650,000 | -7,518,000 | -625,000 | 18,632,000 | 12,924,000 | 27,208,000 | 20,049,000 | 23,690,000 | 11,923,000 | 17,979,000 | -21,203,000 | 5,919,000 | 4,454,000 | 3,664,000 | 6,213,000 | -2,894,000 | 4,934,000 | 5,276,000 | -114,000 | 4,036,000 | 2,895,000 | 4,252,000 | 5,919,000 | |
interest expense | -3,578,000 | -3,688,000 | -3,830,000 | -3,856,000 | -3,815,000 | -3,866,000 | -2,704,000 | -2,947,000 | -2,788,000 | -2,748,000 | -2,743,000 | -2,890,000 | -2,590,000 | -2,419,000 | -2,114,000 | -1,495,000 | -1,146,000 | -1,157,000 | -1,166,000 | -1,165,000 | -596,000 | -468,000 | -493,000 | -487,000 | -603,000 | -651,000 | -745,000 | -817,000 | -779,000 | -767,000 | -728,000 | -765,000 | -707,000 | -664,000 | -3,512,000 | -1,106,000 | |
interest income | 2,990,000 | 2,656,000 | 2,643,000 | 2,794,000 | 2,941,000 | 2,761,000 | 1,406,000 | 765,000 | 1,891,000 | 1,500,000 | 1,099,000 | 937,000 | 950,000 | 442,000 | 1,107,000 | 168,000 | 12,000 | 26,000 | 39,000 | 423,000 | 901,000 | 658,000 | 93,000 | 24,000 | 85,000 | 196,000 | 148,000 | 280,000 | 88,000 | 82,000 | 43,000 | 42,000 | 56,000 | 67,000 | 89,000 | 316,000 | |
non-operating gain | -629,000 | 2,613,000 | 35,000 | 447,000 | -3,271,000 | 453,000 | 1,437,000 | 9,814,000 | |||||||||||||||||||||||||||||
net gain on investments | 37,603,000 | 19,681,000 | 17,927,000 | ||||||||||||||||||||||||||||||||||
total other income | 47,596,000 | 34,044,000 | 37,867,000 | 18,474,000 | 4,229,000 | 14,429,000 | 9,902,000 | 17,163,000 | 13,337,000 | -1,062,000 | 10,762,000 | 12,805,000 | 18,777,000 | -24,700,000 | 3,402,000 | 5,089,000 | 20,198,000 | 50,669,000 | 52,351,000 | 20,895,000 | 22,618,000 | 18,342,000 | 18,454,000 | -21,941,000 | 7,398,000 | 4,096,000 | 8,024,000 | 4,797,000 | -3,621,000 | 13,141,000 | 16,785,000 | -972,000 | 4,252,000 | 6,486,000 | 916,000 | 5,023,000 | |
income before income taxes | 129,843,000 | 120,050,000 | 117,582,000 | 95,449,000 | 88,259,000 | 90,151,000 | 77,094,000 | 106,774,000 | 97,224,000 | 50,332,000 | 66,359,000 | 67,744,000 | 68,094,000 | 33,672,000 | 73,228,000 | 67,614,000 | 66,465,000 | 91,715,000 | 98,852,000 | 56,645,000 | 68,480,000 | 61,061,000 | 56,768,000 | 6,892,000 | 41,017,000 | 32,988,000 | 34,949,000 | 31,790,000 | 25,307,000 | 41,378,000 | 38,152,000 | 24,720,000 | 48,614,000 | 40,790,000 | 20,922,000 | 29,304,000 | |
income tax expense | 15,594,000 | 27,253,000 | 13,978,000 | 18,379,000 | 14,954,000 | 12,696,000 | 1,172,000 | 19,687,000 | 20,399,000 | 15,800,000 | 1,856,000 | 16,400,000 | 16,659,000 | 11,788,000 | 15,489,000 | 11,488,000 | 28,908,000 | 11,519,000 | 14,032,000 | 11,964,000 | 3,895,000 | 6,429,000 | 12,169,000 | 1,924,000 | 2,404,000 | 4,551,000 | 2,676,000 | 4,337,000 | 4,900,000 | 18,463,000 | 5,580,000 | 1,617,000 | 3,996,000 | 22,957,000 | 2,688,000 | 3,692,000 | |
net income | 114,249,000 | 92,797,000 | 103,604,000 | 77,070,000 | 73,305,000 | 77,455,000 | 75,922,000 | 87,087,000 | 76,825,000 | 34,532,000 | 64,503,000 | 51,344,000 | 51,435,000 | 21,884,000 | 57,739,000 | 56,126,000 | 37,557,000 | 80,196,000 | 84,820,000 | 44,681,000 | 64,585,000 | 54,632,000 | 44,599,000 | 4,968,000 | 38,613,000 | 28,437,000 | 32,273,000 | 27,453,000 | 20,407,000 | 22,915,000 | 32,572,000 | 23,103,000 | 44,618,000 | 17,833,000 | 18,234,000 | 25,612,000 | |
yoy | 55.85% | 19.81% | 36.46% | -11.50% | -4.58% | 124.30% | 17.70% | 69.61% | 49.36% | 57.80% | 11.71% | -8.52% | 36.95% | -72.71% | -31.93% | 25.61% | -41.85% | 46.79% | 90.18% | 799.38% | 67.26% | 92.12% | 38.19% | -81.90% | 89.21% | 24.10% | -0.92% | 18.83% | -54.26% | 28.50% | 78.63% | -9.80% | |||||
qoq | 23.12% | -10.43% | 34.43% | 5.14% | -5.36% | 2.02% | -12.82% | 13.36% | 122.47% | -46.46% | 25.63% | -0.18% | 135.03% | -62.10% | 2.87% | 49.44% | -53.17% | -5.45% | 89.83% | -30.82% | 18.22% | 22.50% | 797.73% | -87.13% | 35.78% | -11.89% | 17.56% | 34.53% | -10.94% | -29.65% | 40.99% | -48.22% | 150.20% | -2.20% | -28.81% | ||
net income margin % | 59.02% | 46.73% | 54.28% | 43.80% | 37.03% | 46.03% | 50.62% | 44.27% | 43.49% | 27.57% | 50.84% | 41.06% | 45.60% | 17.22% | 37.64% | 41.42% | 37.22% | 87.45% | 88.06% | 56.56% | 62.78% | 64.59% | 52.82% | 7.12% | 50.19% | 41.73% | 50.20% | 42.44% | 30.46% | 34.72% | 58.34% | 36.46% | 57.49% | 27.43% | 37.43% | 48.60% | |
less: income attributable to non-controlling interests in partnerships | 126,500 | 124,000 | 240,000 | 142,000 | |||||||||||||||||||||||||||||||||
less: income attributable to non-controlling interests in hamilton lane advisors, l.l.c. | 23,891,000 | 23,426,000 | 25,337,000 | 21,721,000 | 22,189,000 | 23,159,000 | 19,850,000 | 27,645,000 | 28,102,000 | 14,944,000 | 18,654,000 | 19,133,000 | 19,701,000 | 9,146,000 | 22,012,000 | 20,168,000 | 19,699,000 | 26,181,000 | 31,372,000 | 19,296,000 | 23,437,000 | 21,497,000 | 21,054,000 | 3,732,000 | 18,473,000 | 14,896,000 | 16,929,000 | 15,568,000 | 12,870,000 | 16,776,000 | 20,836,000 | 14,378,000 | 30,422,000 | 23,374,000 | 13,462,000 | 19,250,000 | |
less: income attributable to non-controlling interests in consolidated funds | 4,868,750 | 10,875,000 | 7,138,000 | 1,462,000 | 705,000 | 1,230,000 | 702,000 | 132,000 | 3,768,000 | 1,212,000 | |||||||||||||||||||||||||||
net income attributable to hamilton lane incorporated | 66,173,000 | 58,372,000 | 70,889,000 | 53,745,000 | 50,499,000 | 52,972,000 | 54,982,000 | 58,964,000 | 48,360,000 | 19,506,000 | 41,994,000 | 30,998,000 | 31,086,000 | 9,669,000 | 34,881,000 | 33,484,000 | 13,825,000 | 51,849,000 | 52,145,000 | 28,168,000 | 39,759,000 | 33,203,000 | 21,813,000 | 3,246,000 | 20,648,000 | 13,497,000 | 15,299,000 | 11,381,000 | 8,048,000 | 5,458,000 | 11,222,000 | 8,845,000 | 13,498,000 | -6,309,000 | 4,688,000 | 5,464,000 | |
basic earnings per share of class a common stock | 1.59 | 1.4 | 1.71 | 1.3 | 1.25 | 1.33 | 1.38 | 1.49 | 1.27 | 0.52 | 1.11 | 0.82 | 0.84 | 0.32 | 0.98 | 0.92 | 0.38 | 1.44 | 1.41 | 0.78 | 1.03 | 0.96 | 0.66 | 0.11 | 0.72 | 0.46 | 0.56 | 0.43 | 0.32 | 0.22 | 0.49 | 0.4 | 0.73 | -0.35 | 0.26 | 0.3 | |
diluted earnings per share of class a common stock | 1.57 | 1.37 | 1.69 | 1.28 | 1.26 | 1.32 | 1.37 | 1.47 | 1.26 | 0.51 | 1.11 | 0.81 | 0.82 | 0.31 | 0.97 | 0.91 | 0.39 | 1.4 | 1.41 | 0.78 | 1.03 | 0.96 | 0.66 | 0.11 | 0.71 | 0.46 | 0.56 | 0.42 | 0.32 | 0.22 | 0.49 | 0.39 | 0.72 | -0.35 | 0.26 | 0.3 | |
dividends declared per share of class a common stock | 0.54 | 0.54 | 0.54 | 0.54 | 0.49 | 0.49 | 0.49 | 0.49 | 0.44 | 0.45 | 0.45 | 0.45 | 0.4 | 0.4 | 0.4 | 0.4 | 0.35 | 0.35 | 0.35 | 0.35 | 0.312 | 0.313 | 0.313 | 0.313 | 0.275 | 0.275 | 0.275 | 0.275 | 0.213 | 0.213 | 0.213 | 0.213 | 0.175 | 0.175 | 0.175 | 0.175 | |
net gain | 8,539,000 | ||||||||||||||||||||||||||||||||||||
consolidated variable interest entities related: | |||||||||||||||||||||||||||||||||||||
unrealized gain | 5,294,000 | 3,082,000 | 2,342,000 | 1,197,000 | 2,241,000 | ||||||||||||||||||||||||||||||||
less: income attributable to non-controlling interests in general partnerships | -88,000 | 94,000 | 388,000 | 346,000 | 363,000 | 82,000 | 87,000 | 1,000 | 213,000 | 422,000 | 43,000 | 308,000 | 209,000 | -119,000 | 73,000 | 213,000 | 96,000 | -68,000 | 1,732,000 | -2,010,000 | -508,000 | 44,000 | 45,000 | 504,000 | -511,000 | 681,000 | 514,000 | -120,000 | 698,000 | 768,000 | 84,000 | 898,000 | |||||
non-operating loss | -247,250 | -8,000 | -879,000 | ||||||||||||||||||||||||||||||||||
less: income attributable to redeemable non-controlling interests in hamilton lane alliance holdings i, inc. | 2,647,000 | 803,000 | 2,166,000 | 3,824,000 | 2,285,000 | 1,230,000 | |||||||||||||||||||||||||||||||
non-operating income | -1,215,000 | 232,000 | 6,635,000 | -27,960,000 | 11,738,000 | 4,343,000 | -1,031,000 | 37,043,000 | 24,854,000 | 3,603,000 | -936,000 | 6,229,000 | 875,000 | 1,997,000 | 97,000 | 4,957,000 | |||||||||||||||||||||
unrealized income | 794,000 | 1,083,250 | 2,087,000 | 280,000 | 1,966,000 | 266,750 | 2,135,000 | 1,176,000 | |||||||||||||||||||||||||||||
unrealized loss | -2,244,000 | ||||||||||||||||||||||||||||||||||||
less: (loss) attributable to redeemable non-controlling interests in hamilton lane alliance holdings i, inc. | -2,996,000 | ||||||||||||||||||||||||||||||||||||
non-operating expense | -275,000 | ||||||||||||||||||||||||||||||||||||
other non-operating income | 5,237,750 | 8,892,000 | 12,194,000 | 867,000 | 4,188,000 | 87,000 | -106,000 | ||||||||||||||||||||||||||||||
other non-operating loss | -135,000 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | |||||||||||||||||||||||||||||||||||||
cash and cash equivalents | 360,955,000 | 338,504,000 | 240,773,000 | 263,347,000 | 229,161,000 | 285,553,000 | 193,771,000 | 151,663,000 | 114,634,000 | 164,450,000 | 128,098,000 | 100,255,000 | 99,686,000 | 146,070,000 | 121,764,000 | 83,052,000 | 72,138,000 | 78,838,000 | 85,962,000 | 73,124,000 | 87,025,000 | 92,895,000 | 81,987,000 | 71,091,000 | 50,124,000 | 81,599,000 | 71,899,000 | 58,871,000 | 49,357,000 | 78,941,000 | 75,181,000 | 53,641,000 | 47,596,000 | 68,677,000 | 48,940,000 | 46,471,000 | 32,286,000 |
restricted cash | 8,008,000 | 7,796,000 | 7,796,000 | 6,257,000 | 6,331,000 | 5,858,000 | 5,858,000 | 4,799,000 | 4,985,000 | 4,985,000 | 4,965,000 | 4,805,000 | 4,804,000 | 3,116,000 | 3,078,000 | 3,996,000 | 4,023,000 | 3,315,000 | 3,315,000 | 3,048,000 | 3,041,000 | 3,042,000 | 3,042,000 | 3,147,000 | 3,086,000 | 3,095,000 | 3,184,000 | 2,502,000 | 2,233,000 | 2,200,000 | 2,176,000 | 1,801,000 | 1,787,000 | 1,787,000 | 1,783,000 | 1,857,000 | 1,849,000 |
fees receivable | 151,824,000 | 171,813,000 | 138,099,000 | 158,061,000 | 181,411,000 | 135,622,000 | 95,509,000 | 141,099,000 | 108,291,000 | 67,751,000 | 61,800,000 | 65,864,000 | 47,140,000 | 52,074,000 | 47,496,000 | 44,982,000 | 51,869,000 | 47,085,000 | 41,711,000 | 29,047,000 | 29,202,000 | 26,624,000 | 33,072,000 | 23,679,000 | 30,384,000 | 19,456,000 | 17,628,000 | 19,647,000 | 20,320,000 | 16,963,000 | 13,678,000 | 16,710,000 | 14,924,000 | 13,287,000 | 16,429,000 | 19,474,000 | 12,113,000 |
prepaid expenses | 13,783,000 | 12,442,000 | 17,469,000 | 10,595,000 | 11,258,000 | 9,446,000 | 16,750,000 | 7,494,000 | 11,073,000 | 9,418,000 | 6,534,000 | 8,007,000 | 9,817,000 | 7,078,000 | 5,520,000 | 6,575,000 | 6,858,000 | 5,912,000 | 4,205,000 | 5,998,000 | 6,143,000 | 4,920,000 | 5,656,000 | 5,917,000 | 6,988,000 | 4,587,000 | 5,401,000 | 4,802,000 | 4,714,000 | 2,368,000 | 2,855,000 | 3,153,000 | 2,301,000 | 1,584,000 | 2,135,000 | 2,719,000 | 2,593,000 |
due from related parties | 23,831,000 | 35,316,000 | 25,383,000 | 20,093,000 | 16,217,000 | 21,339,000 | 16,467,000 | 14,199,000 | 8,150,000 | 9,969,000 | 7,822,000 | 7,963,000 | 7,186,000 | 7,784,000 | 7,481,000 | 3,780,000 | 1,872,000 | 2,016,000 | 1,720,000 | 2,359,000 | 2,495,000 | 3,987,000 | 3,514,000 | 2,153,000 | 2,605,000 | 2,667,000 | 4,198,000 | 4,459,000 | 2,628,000 | 2,508,000 | 1,791,000 | 1,963,000 | 3,236,000 | 4,275,000 | 2,725,000 | 2,951,000 | 3,313,000 |
furniture, fixtures and equipment | 35,017,000 | 35,341,000 | 35,768,000 | 36,828,000 | 37,586,000 | 35,937,000 | 32,264,000 | 32,632,000 | 33,013,000 | 33,389,000 | 31,814,000 | 30,360,000 | 28,425,000 | 28,348,000 | 28,920,000 | 29,410,000 | 28,842,000 | 29,229,000 | 28,702,000 | 27,091,000 | 23,308,000 | 14,010,000 | 8,223,000 | 7,666,000 | 7,402,000 | 7,280,000 | 8,026,000 | 8,158,000 | 8,108,000 | 8,125,000 | 7,096,000 | 5,800,000 | 4,782,000 | 4,061,000 | 3,999,000 | 4,014,000 | 4,063,000 |
lease right-of-use assets | 61,405,000 | 63,669,000 | 58,700,000 | 59,849,000 | 61,413,000 | 61,436,000 | 62,991,000 | 62,453,000 | 62,425,000 | 63,432,000 | 64,543,000 | 64,396,000 | 62,327,000 | 63,152,000 | 64,150,000 | 64,270,000 | 65,636,000 | 67,023,000 | 68,408,000 | 61,916,000 | 64,384,000 | 66,170,000 | 9,997,000 | 9,697,000 | 9,577,000 | 8,596,000 | 9,689,000 | 10,770,000 | |||||||||
investments | 774,443,000 | 744,756,000 | 708,278,000 | 674,453,000 | 664,354,000 | 664,275,000 | 627,172,000 | 620,667,000 | 603,697,000 | 587,771,000 | 558,268,000 | 546,080,000 | 530,921,000 | 514,332,000 | 533,889,000 | 533,263,000 | 503,789,000 | 483,320,000 | 432,587,000 | 377,988,000 | 368,836,000 | 264,613,000 | 224,032,000 | 194,864,000 | 207,747,000 | 193,168,000 | 174,134,000 | 168,436,000 | 154,491,000 | 147,411,000 | 134,256,000 | 141,164,000 | 137,253,000 | 130,765,000 | 127,090,000 | 124,027,000 | 120,147,000 |
deferred income taxes | 293,092,000 | 294,885,000 | 305,886,000 | 301,970,000 | 308,525,000 | 255,001,000 | 257,187,000 | 259,301,000 | 261,887,000 | 225,922,000 | 229,791,000 | 229,259,000 | 233,912,000 | 230,154,000 | 237,207,000 | 246,089,000 | 245,046,000 | 249,004,000 | 252,615,000 | 243,989,000 | 251,949,000 | 216,139,000 | 220,815,000 | 191,375,000 | 137,941,000 | 138,378,000 | 140,745,000 | 104,822,000 | 107,726,000 | 95,006,000 | 108,439,000 | 72,798,000 | 73,381,000 | 39,766,000 | 58,596,000 | 59,435,000 | 61,223,000 |
other assets | 43,336,000 | 37,835,000 | 27,169,000 | 29,824,000 | 28,827,000 | 28,076,000 | 33,989,000 | 34,136,000 | 34,435,000 | 25,830,000 | 40,460,000 | 28,092,000 | 46,784,000 | 30,755,000 | 26,503,000 | 26,409,000 | 28,162,000 | 28,553,000 | 30,069,000 | 31,672,000 | 17,821,000 | 23,429,000 | 17,751,000 | 16,918,000 | 17,675,000 | 10,553,000 | 10,478,000 | 10,377,000 | 11,014,000 | 10,330,000 | 10,769,000 | 9,705,000 | 8,535,000 | 8,844,000 | 9,481,000 | 3,595,000 | 3,030,000 |
assets of consolidated funds and partnerships: | |||||||||||||||||||||||||||||||||||||
total assets | 2,304,896,000 | 2,170,813,000 | 1,980,318,000 | 1,802,038,000 | 1,690,355,000 | 1,591,028,000 | 1,424,330,000 | 1,371,913,000 | 1,271,200,000 | 1,208,824,000 | 1,358,656,000 | 1,200,094,000 | 1,140,543,000 | 1,124,361,000 | 1,387,742,000 | 1,352,304,000 | 1,294,946,000 | 1,279,453,000 | 1,233,973,000 | 1,139,302,000 | 1,136,519,000 | 715,829,000 | 608,089,000 | 526,507,000 | 473,529,000 | 469,379,000 | 445,382,000 | 392,844,000 | 360,591,000 | 363,852,000 | 356,241,000 | 306,735,000 | 293,795,000 | 273,046,000 | 271,178,000 | 264,543,000 | 240,617,000 |
liabilities and equity | |||||||||||||||||||||||||||||||||||||
accounts payable | 5,659,000 | 5,029,000 | 6,080,000 | 6,508,000 | 5,469,000 | 5,250,000 | 6,430,000 | 4,683,000 | 4,505,000 | 3,313,000 | 3,542,000 | 5,574,000 | 4,559,000 | 2,045,000 | 1,942,000 | 3,570,000 | 2,827,000 | 2,190,000 | 1,124,000 | 3,154,000 | 2,173,000 | 2,069,000 | 2,303,000 | 1,148,000 | 1,968,000 | 2,511,000 | 1,964,000 | 2,749,000 | 2,619,000 | 2,445,000 | 476,000 | 405,000 | 1,700,000 | 1,080,000 | 783,000 | 1,326,000 | 1,366,000 |
accrued compensation and benefits | 84,154,000 | 101,336,000 | 84,257,000 | 64,208,000 | 48,556,000 | 77,771,000 | 71,431,000 | 68,236,000 | 35,979,000 | 58,048,000 | 47,151,000 | 32,525,000 | 24,190,000 | 65,761,000 | 64,210,000 | 36,924,000 | 20,117,000 | 48,282,000 | 40,833,000 | 31,604,000 | 29,415,000 | 40,786,000 | 36,503,000 | 23,443,000 | 10,804,000 | 26,301,000 | 20,689,000 | 15,690,000 | 12,216,000 | 32,798,000 | 30,399,000 | 21,786,000 | 8,092,000 | 28,051,000 | 20,539,000 | 11,543,000 | 3,417,000 |
accrued members’ distributions | 27,066,000 | 23,875,000 | 17,687,000 | 23,845,000 | 26,810,000 | 14,377,000 | 9,279,000 | 21,638,000 | 23,815,000 | 21,216,000 | 12,338,000 | 11,464,000 | 15,723,000 | 19,161,000 | 10,754,000 | 10,754,000 | 27,119,000 | 11,769,000 | 12,211,000 | 10,733,000 | 16,877,000 | 7,906,000 | 4,897,000 | 3,367,000 | 5,829,000 | 10,505,000 | 3,836,000 | 8,985,000 | 17,081,000 | 11,837,000 | 4,520,000 | 4,598,000 | 2,385,000 | ||||
accrued dividend | 22,520,000 | 22,569,000 | 22,566,000 | 22,342,000 | 20,233,000 | 19,464,000 | 19,454,000 | 19,451,000 | 17,628,000 | 16,793,000 | 16,784,000 | 16,780,000 | 15,049,000 | 14,810,000 | 14,803,000 | 14,800,000 | 12,947,000 | 12,916,000 | 12,913,000 | 12,600,000 | 11,201,000 | 8,027,000 | 5,673,000 | 3,893,000 | |||||||||||||
debt | 278,420,000 | 279,515,000 | 285,611,000 | 288,582,000 | 290,303,000 | 292,024,000 | 194,971,000 | 195,565,000 | 196,159,000 | 196,752,000 | 197,346,000 | 197,939,000 | 213,533,000 | 199,126,000 | 194,115,000 | 220,885,000 | 171,326,000 | 146,767,000 | 147,207,000 | 147,648,000 | 163,175,000 | 73,630,000 | 74,084,000 | 74,538,000 | 74,524,000 | 67,245,000 | 69,107,000 | 70,030,000 | 70,954,000 | 71,878,000 | 72,802,000 | 83,707,000 | 84,162,000 | 84,617,000 | 85,072,000 | ||
payable to related parties pursuant to tax receivable agreement | 235,425,000 | 234,965,000 | 239,160,000 | 240,648,000 | 240,648,000 | 200,025,000 | 200,346,000 | 200,346,000 | 201,422,000 | 173,818,000 | 173,818,000 | 173,818,000 | 174,702,000 | 179,431,000 | 179,602,000 | 180,536,000 | 180,536,000 | 187,252,000 | 208,010,000 | 194,225,000 | 194,764,000 | 176,046,000 | 176,046,000 | 143,370,000 | 98,956,000 | 101,404,000 | 101,322,000 | 69,772,000 | 69,636,000 | 58,378,000 | 65,048,000 | 34,335,000 | 34,133,000 | 6,436,000 | 10,622,000 | 10,734,000 | 10,734,000 |
lease liabilities | 78,059,000 | 80,324,000 | 75,554,000 | 76,910,000 | 78,017,000 | 77,842,000 | 79,884,000 | 78,916,000 | 79,033,000 | 80,373,000 | 80,935,000 | 80,994,000 | 78,817,000 | 79,549,000 | 79,979,000 | 80,433,000 | 82,244,000 | 83,720,000 | 84,318,000 | 76,257,000 | 75,281,000 | 73,967,000 | 10,592,000 | 10,243,000 | 10,184,000 | 9,397,000 | 10,471,000 | 11,661,000 | |||||||||
other liabilities | 36,724,000 | 44,809,000 | 45,259,000 | 57,631,000 | 55,502,000 | 41,327,000 | 39,904,000 | 37,734,000 | 36,700,000 | 34,403,000 | 34,798,000 | 33,376,000 | 32,856,000 | 34,503,000 | 30,968,000 | 26,786,000 | 47,669,000 | 31,560,000 | 28,873,000 | 28,160,000 | 36,122,000 | 27,094,000 | 25,993,000 | 23,981,000 | 22,132,000 | 23,936,000 | 21,635,000 | 25,073,000 | 8,986,000 | 7,987,000 | 8,221,000 | 8,526,000 | 7,659,000 | 5,730,000 | 5,661,000 | 6,670,000 | 6,612,000 |
liabilities of consolidated funds and partnerships: | |||||||||||||||||||||||||||||||||||||
subscriptions in advance | 55,561,000 | 31,792,000 | 28,964,000 | 25,077,000 | |||||||||||||||||||||||||||||||||
total liabilities | 838,357,000 | 844,762,000 | 822,270,000 | 806,992,000 | 766,460,000 | 729,003,000 | 622,408,000 | 635,083,000 | 595,242,000 | 584,718,000 | 577,088,000 | 558,394,000 | 566,351,000 | 594,403,000 | 586,764,000 | 585,330,000 | 557,460,000 | 540,578,000 | 553,721,000 | 523,878,000 | 546,318,000 | 415,977,000 | 344,894,000 | 293,896,000 | 236,128,000 | 253,029,000 | 240,751,000 | 215,009,000 | 190,869,000 | 190,721,000 | 194,094,000 | 161,810,000 | 157,721,000 | 165,028,000 | 167,843,000 | 166,949,000 | 153,990,000 |
commitments and contingencies | |||||||||||||||||||||||||||||||||||||
class a common stock, 0.001 par value... | 44,000 | 44,000 | 44,000 | 44,000 | 43,000 | 42,000 | 41,000 | 41,000 | 41,000 | 39,000 | 39,000 | 39,000 | 39,000 | 38,000 | 38,000 | 37,000 | 37,000 | 37,000 | 37,000 | 36,000 | 36,000 | 35,000 | 35,000 | 33,000 | 30,000 | 30,000 | 30,000 | 27,000 | 27,000 | 26,000 | 25,000 | 22,000 | 22,000 | 19,000 | 19,000 | 19,000 | 19,000 |
class b common stock, 0.001 par value... | 12,000 | 12,000 | 12,000 | 12,000 | 12,000 | 14,000 | 14,000 | 14,000 | 14,000 | 15,000 | 15,000 | 15,000 | 15,000 | 16,000 | 16,000 | 16,000 | 16,000 | 16,000 | 16,000 | 17,000 | 17,000 | 18,000 | 18,000 | 20,000 | 22,000 | 22,000 | 22,000 | 24,000 | 24,000 | 24,000 | 24,000 | 26,000 | 26,000 | 28,000 | 28,000 | 28,000 | 28,000 |
additional paid-in-capital | 299,313,000 | 305,149,000 | 289,308,000 | 271,691,000 | 261,856,000 | 223,956,000 | 214,788,000 | 210,099,000 | 208,402,000 | 181,929,000 | 179,215,000 | 176,673,000 | 171,567,000 | 166,821,000 | 164,763,000 | 163,129,000 | 161,676,000 | 162,067,000 | 161,000,000 | 150,345,000 | 150,564,000 | 142,564,000 | 141,010,000 | 126,585,000 | 107,727,000 | 109,050,000 | 107,718,000 | 93,543,000 | 92,482,000 | 88,234,000 | 86,089,000 | 74,802,000 | 73,829,000 | 62,853,000 | 61,174,000 | 60,220,000 | 61,845,000 |
accumulated other comprehensive income | 1,170,000 | 1,150,000 | 1,218,000 | 140,000 | -141,000 | -78,000 | 2,000 | -7,000 | 14,000 | 7,000 | 11,000 | ||||||||||||||||||||||||||
retained earnings | 614,693,000 | 571,040,000 | 535,237,000 | 486,914,000 | 455,511,000 | 425,245,000 | 391,737,000 | 356,209,000 | 316,696,000 | 285,964,000 | 283,251,000 | 258,041,000 | 243,823,000 | 227,786,000 | 225,957,000 | 205,325,000 | 185,149,000 | 181,637,000 | 141,130,000 | 103,080,000 | 87,512,000 | 73,703,000 | 51,275,000 | 40,234,000 | 47,090,000 | 34,469,000 | 28,998,000 | 21,722,000 | 17,686,000 | 15,311,000 | 15,178,000 | 8,685,000 | 4,549,000 | 4,425,000 | 2,909,000 | 612,000 | |
total hamilton lane incorporated stockholders’ equity | 915,232,000 | 877,395,000 | 825,819,000 | 758,801,000 | 717,281,000 | 649,257,000 | 606,580,000 | 566,363,000 | 525,153,000 | 467,947,000 | 462,520,000 | 434,768,000 | 415,444,000 | 394,661,000 | 390,774,000 | 368,507,000 | 346,878,000 | 343,757,000 | 302,183,000 | 253,478,000 | 238,129,000 | 216,320,000 | 192,338,000 | 166,788,000 | 154,791,000 | 143,573,000 | 136,761,000 | 115,330,000 | 110,226,000 | 103,606,000 | 101,316,000 | 83,535,000 | 78,426,000 | 57,843,000 | 65,646,000 | 62,877,000 | |
non-controlling interests in consolidated funds and partnerships | 330,893,000 | ||||||||||||||||||||||||||||||||||||
non-controlling interests in hamilton lane advisors, l.l.c. | 220,414,000 | 213,177,000 | 200,537,000 | 189,252,000 | 176,731,000 | 194,711,000 | 178,633,000 | 160,446,000 | 145,762,000 | 151,387,000 | 147,567,000 | 138,853,000 | 135,702,000 | 131,644,000 | 130,384,000 | 118,835,000 | 111,185,000 | 116,177,000 | 99,165,000 | 83,385,000 | 73,861,000 | 81,446,000 | 67,351,000 | 63,168,000 | 77,757,000 | 67,336,000 | 62,278,000 | 56,573,000 | 53,780,000 | 62,971,000 | 53,958,000 | 54,681,000 | 50,382,000 | 41,812,000 | 28,828,000 | 25,012,000 | 16,684,000 |
total equity | 1,466,539,000 | 1,326,051,000 | 1,158,048,000 | 995,046,000 | 923,895,000 | 862,025,000 | 801,922,000 | 736,830,000 | 675,958,000 | 624,106,000 | 781,568,000 | 641,700,000 | 574,192,000 | 529,958,000 | 524,978,000 | 490,974,000 | 461,486,000 | 462,875,000 | 404,252,000 | 339,424,000 | 314,201,000 | 299,852,000 | 263,195,000 | 232,611,000 | 237,401,000 | 216,350,000 | 204,631,000 | 177,835,000 | 169,722,000 | 173,131,000 | 162,147,000 | 144,925,000 | 136,074,000 | 108,018,000 | 103,335,000 | 97,594,000 | 86,627,000 |
total liabilities and equity | 2,304,896,000 | 2,170,813,000 | 1,980,318,000 | 1,802,038,000 | 1,690,355,000 | 1,591,028,000 | 1,424,330,000 | 1,371,913,000 | 1,271,200,000 | 1,208,824,000 | 1,358,656,000 | 1,200,094,000 | 715,829,000 | 608,089,000 | 526,507,000 | 473,529,000 | 469,379,000 | 445,382,000 | 392,844,000 | 360,591,000 | 363,852,000 | 356,241,000 | 306,735,000 | 293,795,000 | 273,046,000 | 271,178,000 | 264,543,000 | 240,617,000 | |||||||||
non-controlling interests in partnerships | 6,463,000 | 6,296,000 | 6,185,000 | ||||||||||||||||||||||||||||||||||
non-controlling interests in consolidated funds | 229,016,000 | 125,396,000 | 40,808,000 | 23,859,000 | 12,064,000 | 10,834,000 | 4,632,000 | 167,073,000 | 64,075,000 | 19,169,000 | |||||||||||||||||||||||||||
assets of consolidated variable interest entities: | |||||||||||||||||||||||||||||||||||||
liabilities of consolidated variable interest entities: | |||||||||||||||||||||||||||||||||||||
non-controlling interests in general partnerships | 6,024,000 | 5,993,000 | 5,875,000 | 5,389,000 | 5,043,000 | 4,772,000 | 4,408,000 | 4,004,000 | 3,877,000 | 3,653,000 | 3,820,000 | 3,632,000 | 3,423,000 | 2,941,000 | 2,904,000 | 2,561,000 | 2,211,000 | 2,086,000 | 3,506,000 | 2,655,000 | 4,853,000 | 5,441,000 | 5,592,000 | 5,932,000 | 5,716,000 | 6,554,000 | 6,873,000 | 6,709,000 | 7,266,000 | 8,363,000 | 8,861,000 | 9,705,000 | 9,901,000 | ||||
preferred stock, 0.001 par value... | |||||||||||||||||||||||||||||||||||||
investments held in trust | 276,592,000 | 276,083,000 | 276,016,000 | 276,009,000 | 276,002,000 | 276,019,000 | 276,003,000 | ||||||||||||||||||||||||||||||
liabilities, redeemable non-controlling interests and equity | |||||||||||||||||||||||||||||||||||||
redeemable non-controlling interests | 276,000,000 | 276,000,000 | 276,000,000 | 276,000,000 | 276,000,000 | 276,000,000 | 276,000,000 | ||||||||||||||||||||||||||||||
total liabilities, redeemable non-controlling interests and equity | 1,140,543,000 | 1,124,361,000 | 1,387,742,000 | 1,352,304,000 | 1,294,946,000 | 1,279,453,000 | 1,233,973,000 | 1,139,302,000 | 1,136,519,000 | ||||||||||||||||||||||||||||
deferred incentive fee revenue | 3,704,000 | 3,704,000 | 3,704,000 | 3,704,000 | 3,704,000 | 3,704,000 | 3,704,000 | 3,704,000 | 3,704,000 | 3,704,000 | 3,704,000 | 6,245,000 | 31,422,000 | 45,166,000 | 45,166,000 | 45,166,000 | |||||||||||||||||||||
accumulated other comprehensive loss | -84,000 | -299,000 | -311,000 | ||||||||||||||||||||||||||||||||||
dividends payable | 10,775,000 | 10,772,000 | 10,102,000 | 8,026,000 | 8,023,000 | 7,345,000 | 5,325,000 | 4,729,000 | 3,172,000 | ||||||||||||||||||||||||||||
accrued members’ distribution | 8,206,000 | 8,715,000 | 4,618,000 | ||||||||||||||||||||||||||||||||||
accrued dividends | 4,729,000 | ||||||||||||||||||||||||||||||||||||
less: treasury stock, at cost, 0 and 114,529 held as of march 31, 2018 and 2017, respectively | |||||||||||||||||||||||||||||||||||||
(accumulated deficit) retained earnings | -5,057,000 | ||||||||||||||||||||||||||||||||||||
less: treasury stock, at cost, 114,529 shares of class a common stock as of march 31, 2017 | |||||||||||||||||||||||||||||||||||||
senior secured term loan payable | 83,745,000 | 84,310,000 | |||||||||||||||||||||||||||||||||||
principal amount | 85,450,000 | 86,100,000 | |||||||||||||||||||||||||||||||||||
less: unamortized discount and debt issuance costs | 1,705,000 | 1,790,000 | |||||||||||||||||||||||||||||||||||
accrued dividend payable | 3,167,000 | ||||||||||||||||||||||||||||||||||||
members’ deficit | |||||||||||||||||||||||||||||||||||||
less: treasury stock, at cost, 114,529 as of march 31, 2017 | -2,151,000 | ||||||||||||||||||||||||||||||||||||
total hamilton lane incorporated stockholders’ equity / members’ deficit | 60,042,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
operating activities: | ||||||||||||||||||||||||||||||||||||
net income | 114,249,000 | 92,798,000 | 103,603,000 | 77,070,000 | 73,305,000 | 77,455,000 | 75,921,000 | 87,087,000 | 76,825,000 | 34,532,000 | 64,506,000 | 51,344,000 | 51,435,000 | 21,884,000 | 57,740,000 | 56,126,000 | 37,557,000 | 80,195,000 | 84,820,000 | 44,681,000 | 64,585,000 | 54,633,000 | 44,599,000 | 4,968,000 | 38,613,000 | 28,437,000 | 32,273,000 | 27,453,000 | 20,407,000 | 22,915,000 | 32,572,000 | 23,103,000 | 44,618,000 | 17,833,000 | 18,234,000 | 25,612,000 |
adjustments to reconcile net income to net cash from operating activities: | ||||||||||||||||||||||||||||||||||||
depreciation and amortization | 2,403,000 | 2,428,000 | 2,519,000 | 2,528,000 | 2,220,000 | 2,385,000 | 2,367,000 | 2,313,000 | 2,412,000 | 2,038,000 | 1,863,000 | 1,873,000 | 1,843,000 | 2,023,000 | 1,813,000 | 1,764,000 | 1,751,000 | 1,292,000 | 1,074,000 | 1,378,000 | 1,152,000 | 1,005,000 | 973,000 | 1,004,000 | 912,000 | 771,000 | 806,000 | 802,000 | 1,220,000 | 618,000 | 631,000 | 510,000 | 495,000 | 486,000 | 473,000 | 437,000 |
change in deferred income taxes | 2,330,000 | 11,000,000 | 8,539,000 | 6,555,000 | 5,195,000 | 2,186,000 | 2,114,000 | 2,586,000 | 8,707,000 | 3,869,000 | -533,000 | 4,654,000 | 5,541,000 | 7,053,000 | 8,882,000 | -1,043,000 | 4,003,000 | 3,611,000 | 8,370,000 | 7,960,000 | -6,355,000 | 4,676,000 | 9,344,000 | -638,000 | 732,000 | 2,469,000 | 1,824,000 | 2,904,000 | 2,720,000 | 16,079,000 | 2,283,000 | 583,000 | 70,000 | 20,000,000 | 1,010,000 | 1,903,000 |
change in payable to related parties pursuant to tax receivable agreement | 692,000 | 3,519,000 | -321,000 | 0 | -1,076,000 | 1,202,000 | 0 | -1,000 | -883,000 | -2,146,000 | -171,000 | 870,000 | -5,172,000 | -491,000 | -539,000 | 970,000 | 0 | -496,000 | 0 | 14,000 | 136,000 | -644,000 | -8,295,000 | -1,041,000 | 202,000 | -778,000 | -4,186,000 | |||||||||
equity-based compensation | 12,687,000 | 12,992,000 | 12,389,000 | 12,799,000 | 11,726,000 | 11,785,000 | 4,673,000 | 3,223,000 | 2,906,000 | 3,264,000 | 3,117,000 | 2,846,000 | 3,134,000 | 2,834,000 | 2,085,000 | 1,897,000 | 1,698,000 | 1,711,000 | 1,654,000 | 2,341,000 | 1,769,000 | 1,759,000 | 1,803,000 | 1,748,000 | 1,939,000 | 1,761,000 | 1,756,000 | 1,727,000 | 1,605,000 | 1,595,000 | 1,595,000 | 1,587,000 | 1,272,000 | 1,284,000 | 1,572,000 | 1,416,000 |
equity‑based consideration payable to customer | ||||||||||||||||||||||||||||||||||||
equity in income of investees | -11,108,000 | -11,307,000 | -20,069,000 | -9,439,000 | -3,643,000 | -11,611,000 | -6,373,000 | -7,389,000 | -34,233,000 | -241,000 | -287,000 | -132,000 | -4,058,000 | -389,000 | 91,000 | -732,000 | -18,632,000 | -23,690,000 | -5,919,000 | -4,454,000 | 2,894,000 | -4,934,000 | -4,036,000 | -2,895,000 | -4,252,000 | -5,919,000 | ||||||||||
net realized loss on sale of investments | 0 | -36,000 | 0 | 0 | 0 | 288,000 | ||||||||||||||||||||||||||||||
fair value adjustment of other investments | 0 | 0 | 0 | -413,000 | -295,000 | -72,000 | -1,041,000 | -8,739,000 | 288,000 | -400,000 | -2,152,000 | -13,226,000 | -1,008,000 | -4,344,000 | -19,936,000 | |||||||||||||||||||||
proceeds received from funds | 10,673,000 | 7,163,000 | 7,125,000 | 10,141,000 | ||||||||||||||||||||||||||||||||
non-cash lease expense | 2,445,000 | 2,246,000 | 2,145,000 | 2,734,000 | 2,399,000 | 1,830,000 | 2,690,000 | 2,088,000 | 1,900,000 | 2,797,000 | 1,937,000 | 2,062,000 | 2,090,000 | 2,467,000 | 1,529,000 | 1,374,000 | 2,680,000 | 870,000 | 2,818,000 | 3,522,000 | 3,024,000 | |||||||||||||||
other | 286,000 | 1,938,000 | 321,000 | 321,000 | 629,000 | 185,000 | 199,000 | 198,000 | 195,000 | 280,000 | 195,000 | 36,000 | 51,000 | -2,904,000 | 26,000 | 14,000 | -858,000 | 9,000 | 883,000 | -849,000 | 1,676,000 | -181,000 | -6,000 | 82,000 | -180,000 | -76,000 | 7,000 | 667,000 | 124,000 | 0 | 0 | 66,000 | 215,000 | 1,000 | 899,000 | 129,000 |
changes in operating assets and liabilities: | ||||||||||||||||||||||||||||||||||||
fees receivable | 19,989,000 | -33,714,000 | 19,962,000 | 23,350,000 | -45,789,000 | -40,113,000 | 45,590,000 | -32,808,000 | -40,540,000 | -5,951,000 | 4,065,000 | -18,725,000 | 4,934,000 | -4,578,000 | -2,514,000 | 6,887,000 | -4,784,000 | -5,374,000 | -12,664,000 | 155,000 | -2,578,000 | 6,448,000 | -9,395,000 | 6,707,000 | -10,859,000 | -1,820,000 | 2,003,000 | 673,000 | -3,361,000 | -3,275,000 | 3,032,000 | -1,786,000 | -1,637,000 | 2,955,000 | 3,419,000 | -7,361,000 |
prepaid expenses | -1,341,000 | 5,027,000 | -6,874,000 | 663,000 | -1,811,000 | 7,303,000 | -9,256,000 | 3,579,000 | -1,655,000 | -2,884,000 | 1,474,000 | 1,809,000 | -2,739,000 | -1,558,000 | 1,055,000 | 283,000 | -946,000 | -1,707,000 | 1,793,000 | 177,000 | -1,223,000 | 736,000 | 261,000 | 1,071,000 | -2,398,000 | 814,000 | -600,000 | -88,000 | -2,348,000 | 488,000 | 298,000 | -852,000 | -717,000 | 551,000 | 591,000 | -126,000 |
due from related parties | 11,485,000 | -9,933,000 | -5,290,000 | -3,876,000 | 5,122,000 | -4,872,000 | -2,268,000 | -6,049,000 | 1,818,000 | -1,710,000 | 141,000 | -777,000 | 598,000 | -303,000 | -3,700,000 | -1,908,000 | 144,000 | -296,000 | 639,000 | 136,000 | 1,492,000 | -473,000 | -1,361,000 | 452,000 | 62,000 | 1,531,000 | 261,000 | -1,831,000 | -120,000 | -717,000 | 172,000 | 1,273,000 | 1,039,000 | -1,550,000 | 226,000 | 362,000 |
other assets | -834,000 | -632,000 | 2,281,000 | -1,423,000 | -782,000 | 1,188,000 | -297,000 | -70,000 | -1,770,000 | 13,382,000 | -13,657,000 | 17,389,000 | -1,412,000 | -6,253,000 | -184,000 | 1,128,000 | -236,000 | 802,000 | 1,067,000 | -1,613,000 | 742,000 | -553,000 | -1,162,000 | 424,000 | -1,901,000 | -31,000 | -217,000 | 577,000 | -1,352,000 | 1,271,000 | -1,179,000 | -354,000 | 327,000 | 520,000 | -159,000 | -672,000 |
accounts payable | 630,000 | -1,051,000 | -428,000 | 1,039,000 | 219,000 | -1,180,000 | 1,747,000 | 178,000 | 1,192,000 | -229,000 | -2,032,000 | 1,015,000 | 2,515,000 | 103,000 | -1,628,000 | 743,000 | 637,000 | 1,066,000 | -2,025,000 | 976,000 | 104,000 | -234,000 | 1,155,000 | -820,000 | -546,000 | 548,000 | -786,000 | 130,000 | 175,000 | 1,968,000 | 71,000 | -1,295,000 | 620,000 | 297,000 | -543,000 | -40,000 |
accrued compensation and benefits | -17,182,000 | 17,079,000 | 20,049,000 | 15,652,000 | -29,215,000 | 6,340,000 | 3,195,000 | 32,257,000 | -22,069,000 | 10,897,000 | 14,625,000 | 8,336,000 | -41,572,000 | 1,551,000 | 27,286,000 | 16,807,000 | -28,165,000 | 7,449,000 | 9,229,000 | 2,189,000 | -11,371,000 | 4,283,000 | 13,060,000 | 12,639,000 | -15,497,000 | 5,612,000 | 4,999,000 | 3,899,000 | -20,581,000 | 2,823,000 | 8,613,000 | 13,694,000 | -19,959,000 | 7,512,000 | 8,996,000 | 8,126,000 |
lease liability | -2,444,000 | -2,446,000 | -2,351,000 | -2,277,000 | -2,201,000 | -2,318,000 | -2,260,000 | -2,233,000 | -2,233,000 | -2,249,000 | -2,142,000 | -1,954,000 | -1,996,000 | -1,899,000 | -1,863,000 | -1,819,000 | -1,920,000 | -83,000 | -2,098,000 | 771,000 | 4,571,000 | |||||||||||||||
other liabilities | 2,525,000 | -261,000 | -11,845,000 | 2,327,000 | 14,610,000 | 1,544,000 | 2,793,000 | 69,000 | 2,184,000 | -1,310,000 | 3,031,000 | -1,402,000 | -1,668,000 | 2,661,000 | 4,032,000 | -18,241,000 | 18,768,000 | 3,103,000 | 1,357,000 | -10,917,000 | 9,808,000 | 643,000 | 1,094,000 | -1,542,000 | 1,077,000 | 1,993,000 | -2,886,000 | 372,000 | 1,001,000 | -235,000 | -305,000 | 867,000 | 1,929,000 | 162,000 | -1,309,000 | 58,000 |
consolidated funds and partnerships: | ||||||||||||||||||||||||||||||||||||
cash relinquished from deconsolidation of fund | 0 | |||||||||||||||||||||||||||||||||||
net gain on investments | -40,011,000 | |||||||||||||||||||||||||||||||||||
change in other assets and liabilities | -5,128,000 | 4,306,000 | 4,655,000 | 626,000 | ||||||||||||||||||||||||||||||||
net cash from operating activities | 102,973,000 | 74,114,000 | 118,898,000 | 128,932,000 | 39,281,000 | 64,394,000 | 117,402,000 | 79,743,000 | 21,712,000 | -36,429,000 | 77,596,000 | 57,973,000 | 13,218,000 | 57,517,000 | 94,902,000 | 60,952,000 | 17,011,000 | 68,589,000 | 51,534,000 | 32,389,000 | 40,367,000 | 58,157,000 | 42,179,000 | 47,455,000 | 8,318,000 | 41,852,000 | 32,801,000 | 33,402,000 | 4,713,000 | 33,853,000 | 35,192,000 | 37,864,000 | 1,349,000 | 32,552,000 | 33,605,000 | 29,186,000 |
capital expenditures | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
free cash flows | 102,973,000 | 74,114,000 | 118,898,000 | 128,932,000 | 39,281,000 | 64,394,000 | 117,402,000 | 79,743,000 | 21,712,000 | -36,429,000 | 77,596,000 | 57,973,000 | 13,218,000 | 57,517,000 | 94,902,000 | 60,952,000 | 17,011,000 | 68,589,000 | 51,534,000 | 32,389,000 | 40,367,000 | 58,157,000 | 42,179,000 | 47,455,000 | 8,318,000 | 41,852,000 | 32,801,000 | 33,402,000 | 4,713,000 | 33,853,000 | 35,192,000 | 37,864,000 | 1,349,000 | 32,552,000 | 33,605,000 | 29,186,000 |
investing activities: | ||||||||||||||||||||||||||||||||||||
purchase of furniture, fixtures and equipment | -1,746,000 | -1,668,000 | -1,086,000 | -1,344,000 | -3,443,000 | -5,633,000 | -1,574,000 | -1,506,000 | -1,610,000 | -3,187,000 | -2,891,000 | -3,385,000 | -1,486,000 | -771,000 | -783,000 | -1,707,000 | -738,000 | -1,104,000 | -2,149,000 | -4,535,000 | -10,079,000 | -6,410,000 | -1,150,000 | -998,000 | -771,000 | 89,000 | -559,000 | -737,000 | -608,000 | -1,533,000 | -1,812,000 | -1,413,000 | -1,102,000 | -433,000 | -331,000 | -388,000 |
purchase of investments and convertible notes | -7,000,000 | |||||||||||||||||||||||||||||||||||
proceeds from sale of investments | 0 | 5,755,000 | 0 | 0 | 1,343,000 | 0 | ||||||||||||||||||||||||||||||
net proceeds from sale of consolidated fund | 0 | |||||||||||||||||||||||||||||||||||
proceeds from sale of intangible assets | 292,000 | 511,000 | 743,000 | 823,000 | 863,000 | 876,000 | ||||||||||||||||||||||||||||||
distributions received from funds | 2,946,000 | 4,437,000 | 2,276,000 | 2,355,000 | ||||||||||||||||||||||||||||||||
contributions to funds | -28,527,000 | -35,935,000 | -19,075,000 | -13,202,000 | ||||||||||||||||||||||||||||||||
purchase of investments | -134,808,000 | -295,027,000 | -5,898,000 | -794,000 | 1,000 | -5,001,000 | 0 | 0 | -5,175,000 | -1,177,000 | ||||||||||||||||||||||||||
distributions received from investments | 19,333,000 | 2,227,000 | -8,868,000 | 7,675,000 | 13,281,000 | 11,036,000 | 4,566,000 | 4,162,000 | 809,000 | 2,040,000 | 2,977,000 | 1,861,000 | 2,448,000 | 4,061,000 | 2,145,000 | 1,960,000 | 5,263,000 | 3,641,000 | 3,686,000 | 3,465,000 | ||||||||||||||||
cash from consolidating funds | 0 | 0 | 0 | 12,100,000 | ||||||||||||||||||||||||||||||||
net cash from investing activities | -149,802,000 | -117,104,000 | -134,109,000 | -93,807,000 | -49,627,000 | -42,912,000 | -27,169,000 | 2,132,000 | -28,187,000 | -8,988,000 | -45,287,000 | -39,722,000 | -23,653,000 | 262,233,000 | -4,215,000 | -56,453,000 | -14,823,000 | -36,055,000 | -15,178,000 | -4,431,000 | -374,368,000 | -30,062,000 | -11,277,000 | -6,074,000 | -20,670,000 | -18,450,000 | -292,000 | -10,488,000 | -14,227,000 | 16,674,000 | -8,094,000 | -6,577,000 | -4,304,000 | -7,380,000 | -3,512,000 | |
financing activities: | ||||||||||||||||||||||||||||||||||||
proceeds from offering | 0 | 0 | 204,979,000 | 0 | 0 | 0 | ||||||||||||||||||||||||||||||
purchase of membership interests | 0 | 0 | 0 | 0 | -118,710,000 | 0 | -149,650,000 | -204,979,000 | 0 | 0 | -63,878,000 | 0 | ||||||||||||||||||||||||
borrowings of debt, net of deferred financing costs | 0 | 0 | ||||||||||||||||||||||||||||||||||
repayments of long term debt | -1,875,000 | |||||||||||||||||||||||||||||||||||
draw-down of revolver | ||||||||||||||||||||||||||||||||||||
repayment of revolver | 0 | 0 | 0 | -25,000,000 | 0 | 0 | 0 | 0 | 0 | -15,000,000 | 0 | 0 | 0 | -15,000,000 | ||||||||||||||||||||||
shares repurchased and retired | ||||||||||||||||||||||||||||||||||||
repurchase of class b common stock | 0 | 0 | -1,000 | 0 | -2,000 | -2,000 | 0 | 0 | 0 | |||||||||||||||||||||||||||
repurchase of class a common stock for employee tax withholding | -3,176,000 | -595,000 | -835,000 | -7,000 | ||||||||||||||||||||||||||||||||
proceeds received from issuance of shares under employee share purchase plan | 728,000 | 824,000 | 756,000 | 816,000 | 766,000 | 762,000 | 620,000 | 649,000 | 587,000 | 584,000 | 531,000 | 551,000 | 496,000 | 440,000 | 516,000 | 485,000 | 498,000 | 487,000 | 397,000 | 370,000 | 368,000 | 339,000 | 293,000 | 316,000 | 276,000 | |||||||||||
payments to related parties pursuant to the tax receivable agreement | ||||||||||||||||||||||||||||||||||||
dividends paid | -22,570,000 | -22,566,000 | -22,342,000 | -20,233,000 | -19,464,000 | -19,454,000 | -19,451,000 | -17,628,000 | -16,793,000 | -16,784,000 | -16,780,000 | -15,049,000 | -29,859,000 | -14,803,000 | -14,800,000 | -12,947,000 | -12,916,000 | -12,913,000 | -12,600,000 | -11,201,000 | -10,774,000 | -10,773,000 | -10,102,000 | -8,027,000 | -8,026,000 | -8,023,000 | -7,345,000 | -5,673,000 | -5,325,000 | -4,729,000 | -4,729,000 | -3,893,000 | -3,171,000 | -1,000 | ||
members’ distributions paid | -10,607,000 | -10,323,000 | -17,172,000 | -16,023,000 | -7,493,000 | -5,289,000 | -14,234,000 | -16,787,000 | -12,055,000 | -3,218,000 | -10,176,000 | -18,423,000 | -17,616,000 | -3,756,000 | -11,587,000 | -30,485,000 | -10,242,000 | -11,466,000 | -10,194,000 | -15,809,000 | -7,846,000 | -4,964,000 | -9,129,000 | -12,429,000 | -10,755,000 | -3,938,000 | -10,430,000 | -22,245,000 | ||||||||
contributions from non-controlling interests in consolidated funds and partnerships | ||||||||||||||||||||||||||||||||||||
distributions to non-controlling interests in consolidated funds and partnerships | ||||||||||||||||||||||||||||||||||||
net cash from financing activities | 69,344,000 | 56,710,000 | 26,462,000 | 3,261,000 | -33,261,000 | 73,004,000 | -28,482,000 | -30,418,000 | -43,341,000 | -19,923,000 | 72,497,000 | -4,834,000 | -26,108,000 | -292,009,000 | -52,525,000 | 6,496,000 | -8,331,000 | -39,765,000 | -23,033,000 | -42,087,000 | 328,441,000 | -17,187,000 | -20,251,000 | -20,343,000 | -19,025,000 | -13,739,000 | -18,810,000 | -13,135,000 | -20,693,000 | -15,855,000 | -29,951,000 | -23,711,000 | -15,853,000 | -8,507,000 | -23,830,000 | -11,481,000 |
effect of exchange rate changes on cash and cash equivalents | 1,406,000 | -89,000 | 964,000 | 147,000 | 0 | 0 | 140,000 | -10,000 | -107,000 | -52,000 | 11,000 | 4,000 | -5,000 | |||||||||||||||||||||||
increase in cash and cash equivalents, restricted cash, and cash and cash equivalents held at consolidated funds and partnerships | 23,921,000 | 13,631,000 | 12,215,000 | 38,533,000 | ||||||||||||||||||||||||||||||||
cash and cash equivalents, restricted cash, and cash and cash equivalents held at consolidated funds and partnerships at beginning of the year | ||||||||||||||||||||||||||||||||||||
cash and cash equivalents, restricted cash, and cash and cash equivalents held at consolidated funds and partnerships at end of the year | ||||||||||||||||||||||||||||||||||||
net realized gain on sale of investments | ||||||||||||||||||||||||||||||||||||
repayments of long-term debt | -6,250,000 | -3,125,000 | -1,875,000 | |||||||||||||||||||||||||||||||||
payments to related parties, pursuant to tax receivable agreement | 0 | 0 | 0 | -36,000 | ||||||||||||||||||||||||||||||||
contributions from non-controlling interests in partnerships | 152,000 | 110,000 | 111,000 | |||||||||||||||||||||||||||||||||
distributions to non-controlling interests in partnerships | -108,000 | -240,000 | -92,000 | |||||||||||||||||||||||||||||||||
contributions from non-controlling interests in consolidated funds | 95,576,000 | 81,310,000 | 40,564,000 | 11,090,000 | 0 | 5,500,000 | 4,500,000 | 0 | 0 | |||||||||||||||||||||||||||
cash and cash equivalents, restricted cash, and cash and cash equivalents held at consolidated funds and partnerships at beginning of the period | 0 | 0 | 283,604,000 | |||||||||||||||||||||||||||||||||
cash and cash equivalents, restricted cash, and cash and cash equivalents held at consolidated funds and partnerships at end of the period | 13,631,000 | 12,215,000 | 322,137,000 | |||||||||||||||||||||||||||||||||
net unrealized gain on investments | ||||||||||||||||||||||||||||||||||||
net unrealized gain on investment | -8,574,000 | -4,285,000 | -3,707,000 | -1,955,000 | -901,000 | 0 | 0 | |||||||||||||||||||||||||||||
proceeds received from partnerships | 7,787,000 | 25,425,000 | 7,976,000 | 6,062,000 | 6,094,000 | 9,162,000 | 6,938,000 | 6,060,000 | 4,104,000 | 3,374,000 | ||||||||||||||||||||||||||
gain on sale of intangible asset | 0 | |||||||||||||||||||||||||||||||||||
impairment of other investment | 0 | |||||||||||||||||||||||||||||||||||
consolidated variable interest entities related: | ||||||||||||||||||||||||||||||||||||
change in warrant liability measured at fair value | 0 | -637,000 | -280,000 | -1,966,000 | ||||||||||||||||||||||||||||||||
cash paid for acquisition of business | 0 | 0 | 0 | -1,500,000 | 0 | 0 | -10,096,000 | -1,000 | 187,000 | |||||||||||||||||||||||||||
purchase of convertible notes | ||||||||||||||||||||||||||||||||||||
distributions received from partnerships | 6,215,000 | 3,803,000 | 3,447,000 | 9,231,000 | 3,417,000 | 4,729,000 | 4,325,000 | 1,676,000 | -1,552,000 | 6,750,000 | ||||||||||||||||||||||||||
contributions to partnerships | -5,321,000 | -29,159,000 | -13,518,000 | -10,410,000 | -22,737,000 | -11,353,000 | -946,000 | -22,686,000 | -21,193,000 | -13,811,000 | ||||||||||||||||||||||||||
sale of investments | 0 | |||||||||||||||||||||||||||||||||||
contributions from non-controlling interest in general partnerships | 148,000 | 38,000 | 332,000 | 222,000 | 133,000 | 371,000 | 310,000 | 511,000 | 232,000 | 182,000 | 14,000 | 24,000 | 32,000 | 15,000 | 1,000 | 13,000 | 0 | 17,000 | 18,000 | |||||||||||||||||
distributions to non-controlling interest in general partnerships | -22,000 | -27,000 | -921,000 | -76,000 | -233,000 | -98,000 | -154,000 | -241,000 | -95,000 | -153,000 | -1,366,000 | -905,000 | -220,000 | -95,000 | -196,000 | -1,013,000 | -350,000 | -454,000 | -1,284,000 | |||||||||||||||||
redemption of class a common shares of hamilton lane alliance holdings i, inc. | ||||||||||||||||||||||||||||||||||||
increase in cash and cash equivalents, restricted cash, and cash and cash equivalents held at consolidated variable interest entities | -43,709,000 | 94,486,000 | 61,751,000 | 51,457,000 | -49,816,000 | -65,340,000 | 104,806,000 | 13,417,000 | ||||||||||||||||||||||||||||
cash and cash equivalents, restricted cash, and cash and cash equivalents held at consolidated variable interest entities at beginning of the year | ||||||||||||||||||||||||||||||||||||
cash and cash equivalents, restricted cash, and cash and cash equivalents held at consolidated variable interest entities at end of the year | ||||||||||||||||||||||||||||||||||||
other assets and liabilities | 3,523,000 | -6,839,000 | 296,000 | -10,000 | 2,811,000 | -3,243,000 | 6,111,000 | 75,000 | -421,000 | 14,000 | 16,000 | 202,000 | 94,000 | 129,000 | ||||||||||||||||||||||
private placement of senior notes, net of deferred financing cost | ||||||||||||||||||||||||||||||||||||
draw-down on revolver | 0 | 0 | 10,000,000 | 0 | 0 | 25,000,000 | 0 | 0 | 15,000,000 | |||||||||||||||||||||||||||
repurchase of class a shares for employee tax withholding | -72,000 | -391,000 | -527,000 | -161,000 | 0 | -108,000 | -69,000 | 0 | -537,000 | -68,000 | 0 | 0 | -28,000 | -17,000 | 0 | -24,000 | -150,000 | 0 | ||||||||||||||||||
contributions from non-controlling interests in general partnerships | 168,000 | 297,000 | ||||||||||||||||||||||||||||||||||
distributions to non-controlling interests in general partnerships | -144,000 | -16,000 | ||||||||||||||||||||||||||||||||||
cash and cash equivalents, restricted cash, and cash and cash equivalents held at consolidated variable interest entities at beginning of the period | 0 | 0 | 119,619,000 | 0 | 0 | 116,552,000 | ||||||||||||||||||||||||||||||
cash and cash equivalents, restricted cash, and cash and cash equivalents held at consolidated variable interest entities at end of the period | 94,486,000 | 61,751,000 | 171,076,000 | -65,340,000 | 104,806,000 | 129,969,000 | 27,741,000 | 38,162,000 | 87,192,000 | |||||||||||||||||||||||||||
repayments of debt | -625,000 | -625,000 | -625,000 | -625,000 | -625,000 | -1,709,000 | -1,707,000 | -457,000 | -456,000 | -457,000 | -469,000 | -468,000 | -1,876,000 | -936,000 | -938,000 | -938,000 | -938,000 | -10,918,000 | -469,000 | -469,000 | -469,000 | |||||||||||||||
cash relinquished with deconsolidation of fund | 0 | |||||||||||||||||||||||||||||||||||
proceeds from sales of investments | ||||||||||||||||||||||||||||||||||||
drawdown of revolver | ||||||||||||||||||||||||||||||||||||
equity in loss of investees | 46,000 | -8,251,000 | -11,866,000 | -8,948,000 | -650,000 | 7,518,000 | 625,000 | -313,000 | 47,087,000 | -27,208,000 | -20,049,000 | -17,979,000 | 21,203,000 | -6,213,000 | 114,000 | |||||||||||||||||||||
loans to investees | 0 | |||||||||||||||||||||||||||||||||||
distributions from investments | 0 | |||||||||||||||||||||||||||||||||||
borrowings of debt | 6,682,000 | 0 | 25,000,000 | |||||||||||||||||||||||||||||||||
fair value adjustment of investments | -757,000 | |||||||||||||||||||||||||||||||||||
contributions from non-controlling interest in consolidated funds | 43,694,000 | |||||||||||||||||||||||||||||||||||
gain on sale of investment | -2,447,000 | 0 | ||||||||||||||||||||||||||||||||||
change in deferred incentive fee revenue | ||||||||||||||||||||||||||||||||||||
purchase of intangible assets | ||||||||||||||||||||||||||||||||||||
sale of investments held in trust | 0 | |||||||||||||||||||||||||||||||||||
(proceeds) redemption from class a units of hamilton lane alliance holdings i, inc. | ||||||||||||||||||||||||||||||||||||
offering costs paid for issuance of class a units of hamilton lane alliance holdings i, inc. | ||||||||||||||||||||||||||||||||||||
contributions from consolidated funds | ||||||||||||||||||||||||||||||||||||
increase in cash, cash equivalents, and restricted cash | -36,543,000 | 27,741,000 | 38,162,000 | 10,995,000 | -6,143,000 | -7,231,000 | 13,323,000 | -14,129,000 | -5,560,000 | 10,908,000 | 10,791,000 | 21,028,000 | -31,484,000 | 9,611,000 | 13,710,000 | 9,783,000 | -29,551,000 | 3,784,000 | 21,915,000 | 6,059,000 | -21,081,000 | 19,741,000 | 2,395,000 | 14,193,000 | ||||||||||||
cash, cash equivalents, restricted cash, and cash and cash equivalents held at consolidated variable interest entities at beginning of the year | ||||||||||||||||||||||||||||||||||||
purchase of other investments | -6,889,000 | -7,000,000 | -20,236,000 | -18,000,000 | -500,000 | -298,000 | 0 | 0 | 0 | 0 | -3,967,000 | |||||||||||||||||||||||||
proceeds from offerings | 0 | 0 | ||||||||||||||||||||||||||||||||||
cash, cash equivalents, and restricted cash at beginning of the period | 0 | 0 | 76,197,000 | 0 | 0 | 90,377,000 | 0 | 0 | 53,210,000 | 0 | 0 | 51,590,000 | 0 | 0 | 49,383,000 | 0 | 0 | 34,135,000 | ||||||||||||||||||
loan to investee | 0 | 0 | ||||||||||||||||||||||||||||||||||
proceeds received from investments | 3,343,000 | 27,543,000 | 8,021,000 | 3,381,000 | 80,000 | 681,000 | -134,000 | 157,000 | 4,286,000 | 4,297,000 | 1,984,000 | 2,194,000 | 2,425,000 | 4,127,000 | 4,846,000 | 2,679,000 | 3,054,000 | 3,312,000 | 2,849,000 | 5,176,000 | ||||||||||||||||
distribution from investment valued under the measurement alternative | 0 | 0 | 12,739,000 | |||||||||||||||||||||||||||||||||
contributions to investments | -35,237,000 | -16,808,000 | -20,706,000 | -20,204,000 | -15,522,000 | -12,792,000 | -33,688,000 | -14,193,000 | -9,238,000 | -16,536,000 | -20,422,000 | -9,129,000 | -7,645,000 | -15,406,000 | -15,810,000 | -6,191,000 | -8,641,000 | -10,737,000 | -7,699,000 | -5,321,000 | -6,589,000 | |||||||||||||||
gain on sale of investments valued under the measurement alternative | 0 | 0 | ||||||||||||||||||||||||||||||||||
fair value adjustment to investments valued under the measurement alternative | ||||||||||||||||||||||||||||||||||||
unrealized gain on warrants measured at fair value | ||||||||||||||||||||||||||||||||||||
purchase of investments valued under the measurement alternative | ||||||||||||||||||||||||||||||||||||
distributions received from investments valued under the measurement alternative | ||||||||||||||||||||||||||||||||||||
proceeds from sales of investments valued under the measurement alternative | 0 | 0 | ||||||||||||||||||||||||||||||||||
acquisition of business | ||||||||||||||||||||||||||||||||||||
purchase of investments held in trust | ||||||||||||||||||||||||||||||||||||
secured financing | 0 | 0 | 0 | 15,750,000 | ||||||||||||||||||||||||||||||||
proceeds received from issuance of shares under employee stock plans | ||||||||||||||||||||||||||||||||||||
proceeds from issuance of class a units of hamilton lane alliance holdings i, inc. | ||||||||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash at beginning of year | ||||||||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash at end of year | ||||||||||||||||||||||||||||||||||||
cash paid for purchase of intangible assets | ||||||||||||||||||||||||||||||||||||
proceeds from sale of investment valued under the measurement alternative | ||||||||||||||||||||||||||||||||||||
cash, cash equivalents, and restricted cash at end of the period | -7,231,000 | 13,323,000 | 76,248,000 | 10,908,000 | 10,791,000 | 74,238,000 | 9,611,000 | 13,710,000 | 61,373,000 | 3,784,000 | 21,915,000 | 55,442,000 | 19,741,000 | 2,395,000 | 48,328,000 | |||||||||||||||||||||
unrealized loss on warrants measured at fair value | -1,176,000 | 2,244,000 | ||||||||||||||||||||||||||||||||||
fair value adjustment of other investment | -3,455,000 | |||||||||||||||||||||||||||||||||||
fair value adjustment to investment valued under the measurement alternative | ||||||||||||||||||||||||||||||||||||
gain on investments valued under the measurement alternative | ||||||||||||||||||||||||||||||||||||
write-off of deferred financing costs | 0 | |||||||||||||||||||||||||||||||||||
deferred incentive fee revenue | ||||||||||||||||||||||||||||||||||||
cash, cash equivalents, and restricted cash at beginning of year | ||||||||||||||||||||||||||||||||||||
cash, cash equivalents, and restricted cash at end of year | ||||||||||||||||||||||||||||||||||||
deferred incentive fees | 0 | 0 | -2,541,000 | |||||||||||||||||||||||||||||||||
contributions from non-controlling interest holders | 9,000 | |||||||||||||||||||||||||||||||||||
distributions to non-controlling interest holders | -297,000 | |||||||||||||||||||||||||||||||||||
gain on sale of investments valued at the measurement alternative | 0 | |||||||||||||||||||||||||||||||||||
proceeds from sales of investments valued at the measurement alternative | 0 | |||||||||||||||||||||||||||||||||||
net cash from provided by investing activities | ||||||||||||||||||||||||||||||||||||
contributions from non-controlling interest in partnerships | 40,000 | |||||||||||||||||||||||||||||||||||
distributions to non-controlling interest in partnerships | -1,134,000 | |||||||||||||||||||||||||||||||||||
proceeds from ipo, net of underwriting discount | ||||||||||||||||||||||||||||||||||||
payment of deferred offering costs | ||||||||||||||||||||||||||||||||||||
sale of membership interests | ||||||||||||||||||||||||||||||||||||
(repurchase) issuance of class b common stock | ||||||||||||||||||||||||||||||||||||
purchase of restricted stock for tax withholdings | ||||||||||||||||||||||||||||||||||||
amortization of deferred financing costs | 14,000 | 13,000 | 14,000 | 14,000 | 14,000 | 54,000 | 85,000 | |||||||||||||||||||||||||||||
other unrealized gains | ||||||||||||||||||||||||||||||||||||
proceeds received from option exercises | 0 | 0 | 0 | 313,000 | ||||||||||||||||||||||||||||||||
members’ distributions | -9,188,000 | -13,928,000 | -18,762,000 | -6,771,000 | -16,162,000 | -9,387,000 | ||||||||||||||||||||||||||||||
gain on sale of investments | ||||||||||||||||||||||||||||||||||||
proceeds from sales of other investments | ||||||||||||||||||||||||||||||||||||
gain on sale | ||||||||||||||||||||||||||||||||||||
write off of deferred financing costs | ||||||||||||||||||||||||||||||||||||
repayments of senior secured term loan | -650,000 | |||||||||||||||||||||||||||||||||||
purchase of class a shares for tax withholdings | -663,000 | |||||||||||||||||||||||||||||||||||
senior secured term loan borrowing, net of deferred financing | ||||||||||||||||||||||||||||||||||||
proceeds from issuance of class b common stock | ||||||||||||||||||||||||||||||||||||
supplemental disclosure of cash flow information: | ||||||||||||||||||||||||||||||||||||
cash paid during the year for interest | ||||||||||||||||||||||||||||||||||||
cash paid during the year for income taxes | ||||||||||||||||||||||||||||||||||||
fair value of non-cash consideration received for company’s interest in proprietary investment | ||||||||||||||||||||||||||||||||||||
non-cash financing activities: | ||||||||||||||||||||||||||||||||||||
exchange of hla class a units to hli class a common stock | ||||||||||||||||||||||||||||||||||||
establishment of net deferred tax assets related to tax receivable agreements and the reorganization |
