11:58 AM EDT, 10/11/2024 (MT Newswires) -- Hamilton Lane ( HLNE ) said in a filing on Friday that its Hamilton Lane Advisors unit issued $100 million of 5.28% senior notes due October 15, 2029, in a private placement on Tuesday.

Hamilton Lane Advisors plans to use the proceeds for general corporate purposes, including seeding new funds and creating new products, according to the filing.

The company said interest on the notes is payable semi-annually in arrears on April 15 and Oct. 15 each year.

Shares of Hamilton Lane ( HLNE ) were up 1.4% in recent trading.

Price: 175.04, Change: +2.45, Percent Change: +1.42