05:36 PM EST, 02/10/2025 (MT Newswires) -- Hamilton Lane ( HLNE ) started an underwritten public offering of 1.57 million shares to be sold by the company and a single stockholder

Net proceeds from the sale of its shares will be used to settle in cash exchanges of membership units in the Hamilton Lane Advisors subsidiary, Hamilton Lane ( HLNE ), the parent, said Monday in a statement.

The company won't receive any proceeds from the sale by the stockholder.

Hamilton Lane ( HLNE ) shares fell 2.7% in recent after-hours activity.