Hamilton Lane Incorporated

Ladies and gentlemen, thank you for standing by. And welcome to the Hamilton Lane Incorporated Second Quarter Fiscal Year 2022 Earnings Conference Call. At this time, all attendees are in a listen-only mode. After the speaker's remarks, there will be a question-and-answer session. And to ask a question during the session, you will need to press star 1 on your telephone. If you require any further assistance, please press star 0. Thank you. Now, I would like to welcome Mr. John Oh, Investor Relations Manager. Sir, please go ahead.

Thank you, Grewal. Good morning and welcome to the Hamilton Lane Q2 fiscal 2022 earnings call. Today, I will be joined by Mario Giannini, CEO, Eric Hirsch, Vice Chairman, and Atul Varma, CFO. Before we discuss the quarter's results, we want to remind you that we will be making forward-looking statements based on our current expectations for the business. These statements are subject to risks and uncertainties that may cause the actual results to differ materially. For discussion of these risks, please review the risk factors included in the Hamilton Lane Fiscal 2021 10-K as amended in subsequent reports we file with the SEC. We will also be referring to non-GAAP measures that we view as important in assessing the performance of our business. Reconciliation of those non-GAAP measures to GAAP can be found in the earnings presentation materials made available on the shareholder section of the Hamilton Lane website. Our detailed financial results will be made available when our 10-Q is filed. Please note that nothing on this call represents an offer to sell or a solicitation to purchase interest in any of Hamilton Lane's products. Beginning on slide three, year-to-date, our management and advisory fee revenue grew by 12%, while our fee-related earnings grew by 24% versus the prior year period. This translated into year-to-date GAAP EPS of $2.19 based on $80 million of GAAP net income and non-GAAP EPS of $2.23 based on $120 million of adjusted net income. We have also declared a dividend of $0.35 per share this quarter, equating to the targeted $1.40 per share for fiscal year 2022. With that, I'll now turn the call over to Mario.

Thanks, John, and good morning.