Hamilton Lane Inc. Ownership Update Filed

TL;DR

Big players updated their Hamilton Lane stake filing on 9/18. Watch this space.

AI Summary

On September 18, 2024, HLA Investments LLC, along with a group of related individuals and entities, filed an amendment to their Schedule 13D concerning Hamilton Lane Inc. The filing indicates a change in beneficial ownership, with the group collectively holding a significant stake in the company. Specific details on the exact percentage change or dollar amounts are not provided in this excerpt.

Why It Matters

This filing signals a potential shift in control or influence over Hamilton Lane Inc., which could impact its strategic direction and stock performance.

Risk Assessment

Risk Level: medium — Changes in beneficial ownership filings can indicate strategic moves by major shareholders, potentially leading to increased volatility.

Key Players & Entities

• Hamilton Lane Inc. (company) — Subject Company
• HLA Investments LLC (company) — Filing Entity
• 2008 SEXTON DES. TRUST FBO LAURA SEXTON (company) — Group Member
• 2008 SEXTON DES. TRUST FBO MATTHEW SEXTON (company) — Group Member
• ANDREA ANIGATI KRAMER (person) — Group Member
• DAVID HELGERSON (person) — Group Member
• EDWARD B. WHITTEMORE (person) — Group Member
• ERIK R. HIRSCH (person) — Group Member
• HAMILTON LANE ADVISORS, INC. (company) — Group Member
• HARTLEY R. ROGERS (person) — Group Member

FAQ

Key Financial Figures

• $0.001 — suer) Class A Common Stock, par value $0.001 (Title of Class of Securities) 4074

Filing Documents

• hlschedule13dseptember2024.htm (SC 13D/A) — 538KB
• ex1september2024.htm (EX-1) — 39KB
• 0001273303-24-000006.txt ( ) — 579KB

Security and Issuer

Item 1. Security and Issuer This Amendment No. 12 to Schedule 13D (this "Amendment No. 12") is being filed with respect to the Class A Common Stock, $0.001 par value, of Hamilton Lane Incorporated, a Delaware corporation (the "Issuer"), to amend and supplement the Schedule 13D filed on March 17, 2017 (as amended and supplemented to date, the "Schedule 13D"). Capitalized terms used but not otherwise defined herein shall have the meanings ascribed to them in the Schedule 13D filed on March 17, 2017. Item 1 of the Schedule 13D is hereby amended to reflect that the principal executive offices of the Issuer are located at 110 Washington Street, Suite 1300, Conshohocken, PA 19428.

Identity and Background

Item 2. Identity and Background Items 2(a), 2(b), 2(c) and 2(f) of the Schedule 13D are hereby amended and restated in their entirety (a) As of the date of this Amendment No. 12 (i) HLAI beneficially owns 17,228,247 shares of Class A common stock as holder of 8,818,657 Class B units and because it has voting control over an additional 8,409,590 shares of Class A common stock. HLAI's principal business is to hold Class B units of HLA and Class B common stock of the pre-IPO investor group, including certain members of senior management of the Issuer and outside investors. (ii) HRHLA beneficially owns 17,228,247 shares of Class A common stock as the managing member of HLAI. HRHLA's principal business is to hold the membership interests in HLAI representing its ownership in the Issuer. (iii) Hartley R. Rogers beneficially owns 17,228,247 shares of Class A common stock, which includes 6,900,667 shares as the managing member of HRHLA and 10,255 shares held directly. (iv) HLA Inc. beneficially owns 2,028,699 shares of Class A common stock as holder of 2,028,699 Class B units. HLA Inc.'s principal business is to hold Class B units on behalf of Mario L. Giannini, its sole stockholder and director. (v) Mario L. Giannini beneficially owns 2,408,829 shares of Class A common stock, which includes the 2,028,699 shares of Class A common stock beneficially held by HLA Inc., 283,632 shares of Class A common stock beneficially held as a result of his ownership interest in HLAI, and 96,498 shares of Class A common stock held directly. (vi) Kyera Giannini beneficially owns 238,648 shares of Class A common stock as a result of her ownership interest in HLA. (vii) Nicole Giannini beneficially owns 238,648 shares of Class A common stock as a result of her ownership interest in HLA. (viii) The Laura Sexton Trust beneficially owns 316,233 shares of Class A common stock as a result of its ownership interest in HLAI. (ix) The Matthew Sexton Trust beneficially owns 316,233 shares

Source and Amount of Funds or Other Consideration

Item 3. Source and Amount of Funds or Other Consideration

of the Schedule 13D is hereby amended and supplemented as follows

Item 3 of the Schedule 13D is hereby amended and supplemented as follows On September 16, 2024, the Issuer granted 544,000 shares of long-term performance-based restricted stock to each of the Issuer's Co-Chief Executive Officers, Erik R. Hirsch and Juan Delgado-Moreira, to incentivize future per

View Full Filing

View this SC 13D/A filing on SEC EDGAR