Hamilton Lane hits $1 trillion AUM milestone as earnings beat estimates

Hamilton Lane (NASDAQ:HLNE) reached a historic milestone as its assets under management and supervision climbed to $1 trillion, coinciding with a fiscal third-quarter earnings report that handily surpassed Wall Street expectations.

The Conshohocken, Pennsylvania-based private markets specialist reported adjusted earnings of $1.55 per share for the quarter ended Dec. 31, 2025.

The result beat the $1.30 consensus estimate from analysts surveyed by Zacks Investment Research by nearly 20%.

Revenue for the period rose 7.3% year-over-year to $198.6 million, also clearing the $195.4 million forecasted by the Street.

The firm’s trillion-dollar asset base is comprised of $146.1 billion in discretionary assets and $871.5 billion in non-discretionary assets.

Growth has been bolstered by a surge in private wealth interest; the firm’s recent global survey indicated that 86% of wealth professionals plan to increase their private market allocations this year.

In a sign of confidence in its fee-generating trajectory, Hamilton Lane declared a quarterly dividend of $0.54 per Class A share, payable April 6, 2026.

This puts the firm on track for a full-year payout of $2.16, a 10% increase over the previous fiscal year.