Hamilton Lane shares rise on expanded iCapital partnership

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Summary · why it matters

Hamilton Lane shares rose 4.4% after the alternative investment manager announced an expanded partnership with fintech firm iCapital to make its investment strategies more accessible to wealth managers globally. Several of Hamilton Lane's investment funds, spanning private equity, secondaries, infrastructure, and venture capital, will be available on the iCapital Marketplace. The move builds on an existing U.S. collaboration and supports Hamilton Lane's global wealth strategy by broadening its reach. The shares were trading at $78.29, up from the previous close.

Impact on assets 1

Financials▲ · 1 stocks
Hamilton Lane Inc
HLNE
▲ PositiveDemandrelevance

Expanded partnership with iCapital makes Hamilton Lane's investment funds accessible to more wealth managers, increasing distribution and potential demand for its services.

Off-coverage companies 1

iCapitalPrivate▲ Positive
Demandrelevance

iCapital's marketplace gains new fund offerings from Hamilton Lane, enhancing its platform's value for wealth managers.