Hamilton Lane $218.5 Million Initial Public Offering

Davis Polk advised the joint book-running managers in connection with the $218.5 million initial public offering of 13,656,250 shares of Class A common stock of Hamilton Lane Incorporated, which includes the full exercise of the underwriters’ option to purchase additional shares. The Class A common stock is listed on the NASDAQ Global Stock Market under the symbol “HLNE.”

Based in Bala Cynwyd, Pennsylvania, Hamilton Lane Incorporated is an affiliate of Hamilton Lane Advisors, L.L.C., a leading independent alternative investment management firm providing innovative private markets solutions to sophisticated investors around the world. Dedicated to private markets investing for 25 years, the firm currently employs more than 290 professionals operating in offices throughout the United States, Europe, Asia, Latin America and the Middle East. With more than $332 billion in total assets under management and supervision as of December 31, 2016, Hamilton Lane offers a full range of investment products and services that enable clients to participate in the private markets asset class on a global and customized basis.

The Davis Polk corporate team included partner Richard D. Truesdell Jr., counsel Katia Brener, associates Cameron C. Lewis and Win Rutherfurd. The tax team included partner Mary Conway and associates Isaac MacDonald and Caroline E. Dayton. Partner Gregory S. Rowland and counsel Sarah E. Kim provided 1940 Act advice. Counsel Marcie A. Goldstein provided FINRA advice. All members of the Davis Polk team are based in the New York office.