In this articleHLNESPXAPOSTEPHamilton Lane says critics misunderstand how private-equity fund stakes are valued, defending the industry’s practice of booking gains on discounted secondary-market purchases. (Courtesy Hamilton Lane)Private asset manager Hamilton Lane reported its fiscal year results last week, and fee earnings grew 25%. Yet the firm’s stock is down 36% since December, while the S&P 500 has risen 9%.
Private Asset Manager Hamilton Lane Rebuts Its Industry’s Critics
Hamilton Lane says critics misunderstand how private-equity fund stakes are valued, defending the industry’s practice of booking gains on discounted secondary-market purchases.
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