Hamilton Lane closes public offering of 1.57M shares at $159, net proceeds $248.4M

Hamilton Lane INC

Company issued 1,562,281 shares; selling stockholder sold 10,255 shares at $159.00 each.
Net proceeds to company $248.4M; selling stockholder received $1.6M.
Proceeds to be used to settle cash exchanges of membership units in Hamilton Lane Advisors.
Company agreed to 45-day lockup on additional share sales without underwriter consent.

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