Hamilton Lane (HLNE)
Builds private-markets portfolios through funds, direct investments, and secondary stakes.
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Builds and oversees private-markets portfolios for institutional and private-wealth clients across fund, direct, and secondary investments. The firm’s offerings cover several private-market strategies, while Hamilton Lane Incorporated controls the operating business through Hamilton Lane Advisors, L.L.C.
Designs, implements, and oversees private-markets portfolios for institutional and private-wealth clients. Offerings span private equity, private credit, direct equity, real estate, infrastructure, other real assets, growth equity, venture capital, and impact investing. Portfolio construction uses primary fund investments, direct investments alongside funds, and secondary-stake acquisitions.
Founded in 1991, the business developed from private-equity advice for pension plans into a global investment-solutions platform. It works with clients across multiple private-market strategies and investment formats. Hamilton Lane Incorporated is a holding company that controls the operating business through Hamilton Lane Advisors, L.L.C.; its Class A shares trade on Nasdaq.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 5, 2026 | UBS | Reiterate | Rating: —Target: $150 | Target: $131 |
| Aug 5, 2026 | Oppenheimer | Reiterate | Rating: —Target: $179 | Target: $182 |
| Jul 21, 2026 | Morgan Stanley | Reiterate | Rating: —Target: $141 | Target: $123 |
| Jul 13, 2026 | BMO Capital | Target | Target: $102 | Target: $94 |
| Jun 30, 2026 | Goldman Sachs | Reiterate | Rating: —Target: $148 | Target: $128 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $337.0M · Total debt $364.8M · Total assets $2.54B · Shareholders' equity $939.3M
- Revenue
- $275.3M
- Operating income
- $126.5M
- Net income
- $80.5M
HistoryDividendAnnual yield
| Institutions | 85.34% | 47.03M shares | |
|---|---|---|---|
| 390 holders · as of Jun 30, 2026 | |||
| Insiders | 9.03% | 4.98M shares | |
| 18 holders · as of Sep 18, 2026 | |||
| Strategic holders | 48.29% | 26.61M shares | |
| 2 holders · as of Sep 8, 2025 | |||
| Adds to | 142.66% | ||
55.11M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
These groups come from separate filings that can overlap, so they add to 142.66%; nothing is left for Other.
This company has 2 share classes; every stake here is a share of the whole company.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Hla Investments LLCStrategic10 percent owner | 47.69% | 14.64M B · 11.64M A | filed Sep 8, 2025 |
BlackRock, Inc.Institution | 7.77% | 4.28M A | as of Jun 30, 2026 |
Kayne Anderson Rudnick Investment Management LLCInstitution | 5.54% | 3.05M A | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 3.26% | 1.80M A | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 3.26% | 1.79M A | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jun 11, 2026 | David J. Berkman | director | +15,000 | $76.27 |
| Jun 11, 2026 | Andrea Anigati Kramer | 10 percent owner, officer: Chief Operating Officer | +1,283 | $77.46 |
| Jun 11, 2026 | Hartley R. Rogers | director, 10 percent owner, officer: Executive Co-Chairman | +38,290 | $78.49 |
| May 26, 2026 | Hartley R. Rogers | director, 10 percent owner, officer: Executive Co-Chairman | +55,000 | $90.05 |
| May 27, 2026 | Hartley R. Rogers | director, 10 percent owner, officer: Executive Co-Chairman | +932 | $92.73 |
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Hamilton Lane | $86.04 | −2.61% | $4.91B | 13.5 | 12.4 | 5.7 | +56.5% |
| StepStone Group | $46.40 | −2.21% | $6.13B | — | 17.6 | 3.1 | +26.6% |
| Blackstone | $124.52 | −1.50% | $152.70B | 28.1 | 19.4 | 9.5 | +2.4% |
| Ares Management | $125.35 | −1.04% | $41.60B | 52.6 | 19.3 | 6.5 | +5.8% |
| KKR | $99.40 | −1.42% | $90.53B | 31.7 | 14.1 | 4.3 | −44.8% |
| TPG | $45.77 | −1.61% | $17.83B | 53.5 | 14.3 | 3.8 | −31.8% |
| Blue Owl Capital | $9.91 | −1.15% | $15.66B | 84.3 | 10.7 | 5.2 | +7.1% |
| Median | 52.6 | 16.0 | 4.8 | +4.1% |