# EDGAR Filing Document

**Accession Number:** 0001699245
**File Stem:** 0001433642-25-000104
**Filing Date:** 2025-9
**Character Count:** 18117
**Document Hash:** 4d43be78eafae19757d983a8010e75f5
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001433642-25-000104.hdr.sgml**: 20250908

**ACCESSION NUMBER**: 0001433642-25-000104

**CONFORMED SUBMISSION TYPE**: 4

**PUBLIC DOCUMENT COUNT**: 4

**CONFORMED PERIOD OF REPORT**: 20250904

**FILED AS OF DATE**: 20250908

**DATE AS OF CHANGE**: 20250908

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Oakville Number 2 Trust
- **CENTRAL INDEX KEY:** 0001699245

**ORGANIZATION NAME:**
- **STATE OF INCORPORATION:** NY
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-38021
- **FILM NUMBER:** 251301080

**BUSINESS ADDRESS:**
- **STREET 1:** 110 WASHINGTON STREET
- **STREET 2:** SUITE 1300
- **CITY:** CONSHOHOCKEN
- **STATE:** PA
- **ZIP:** 19428
- **BUSINESS PHONE:** (610) 934-2222

**MAIL ADDRESS:**
- **STREET 1:** 110 WASHINGTON STREET
- **STREET 2:** SUITE 1300
- **CITY:** CONSHOHOCKEN
- **STATE:** PA
- **ZIP:** 19428
**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** French River 5 Ltd
- **CENTRAL INDEX KEY:** 0002065790

**ORGANIZATION NAME:**
- **FISCAL YEAR END:** 0405

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-38021
- **FILM NUMBER:** 251301081

**BUSINESS ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** LA TONNELLE HOUSE
- **CITY:** ST. SAMPSON
- **PROVINCE COUNTRY:** Y7
- **ZIP:** GY1 3HS
- **BUSINESS PHONE:** 44 (0) 1481 721374

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** LA TONNELLE HOUSE
- **CITY:** ST. SAMPSON
- **PROVINCE COUNTRY:** Y7
- **ZIP:** GY1 3HS
**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Rysaffe Trustee Co (CI) Ltd
- **CENTRAL INDEX KEY:** 0001699649

**ORGANIZATION NAME:**
- **STATE OF INCORPORATION:** E9
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-38021
- **FILM NUMBER:** 251301079

**BUSINESS ADDRESS:**
- **STREET 1:** 110 WASHINGTON STREET
- **STREET 2:** SUITE 1300
- **CITY:** CONSHOHOCKEN
- **STATE:** PA
- **ZIP:** 19428
- **BUSINESS PHONE:** (610) 934-2222

**MAIL ADDRESS:**
- **STREET 1:** 110 WASHINGTON STREET
- **STREET 2:** SUITE 1300
- **CITY:** CONSHOHOCKEN
- **STATE:** PA
- **ZIP:** 19428
**ISSUER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Hamilton Lane INC
- **CENTRAL INDEX KEY:** 0001433642
- **STANDARD INDUSTRIAL CLASSIFICATION:** INVESTMENT ADVICE [6282]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 262482738
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0331

**BUSINESS ADDRESS:**
- **STREET 1:** 110 WASHINGTON STREET
- **STREET 2:** SUITE 1300
- **CITY:** CONSHOHOCKEN
- **STATE:** PA
- **ZIP:** 19428
- **BUSINESS PHONE:** (610) 934-2222

**MAIL ADDRESS:**
- **STREET 1:** 110 WASHINGTON STREET
- **STREET 2:** SUITE 1300
- **CITY:** CONSHOHOCKEN
- **STATE:** PA
- **ZIP:** 19428

## Ex-24

![](exhibit24-limitedpoa001.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;Exhibit 24 LIMITED POWER OF ATTORNEY Know all by these presents, that the undersigned hereby makes, constitutes and appoints each of Lydia Gavalis and Lauren Platko, or any of them acting individually, with full power of substitution and re-substitution, acting individually, as the undersigned's true and lawful attorney-in-fact (each of such persons and their substitutes hereafter referred to as an "Attorney-in-Fact"), with full power and authority as hereinafter described on behalf of and in the undersigned's name, place and stead, in any and all capacities to: (1) obtain credentials (including codes or passwords) to enable the undersigned to submit and file documents, forms and information required by Sections 13(d), 13(g) and 16(a) of the Securities Exchange Act of 1934, as amended (the "Exchange Act") or any rule or regulation of the U.S. Securities and Exchange Commission (the "SEC") via the Electronic Data Gathering and Retrieval ("EDGAR") system, including (i) preparing, executing in the undersigned's name and on the undersigned's behalf, and submitting to the SEC a Form ID (and any amendments thereto) or any other documents necessary or appropriate to obtain such credentials and legally bind the undersigned for purpose of the Form ID or such other documents; and (ii) enrolling the undersigned in EDGAR Next or any successor filing system; (2) act as an account administrator (and identify others to act as account administrators) for the undersigned's EDGAR account, including: (i) appointing, removing and replacing account administrators, technical administrators, account users, and delegated entities; (ii) maintaining the security of the undersigned's EDGAR account, including modification of access codes; (iii) maintaining, modifying and certifying the accuracy of information on the undersigned's EDGAR account dashboard; and (iv) taking any other actions contemplated by Rule 10 of Regulation S-T; (3) cause Hamilton Lane Incorporated, (the "Company") and any legal counsel or law firm advising the Company ("Company Counsel") to accept a delegation of authority from the undersigned's EDGAR account administrators and authorize each such delegate's EDGAR account administrators pursuant to that delegated entity designation to appoint, remove or replace users for the undersigned's EDGAR account; (4) prepare, execute and submit to the SEC, the Company, and any national securities exchange on which the Company's securities are listed, for and on behalf of the undersigned and in the undersigned's capacity as a securityholder, officer and/or director of the Company, any and all reports (including any amendments thereto) that are required to be filed with such body, or which any Attorney-in-Fact considers advisable to file with such body, including but not limited to Schedules 13G, 13D, Forms 3, 4 and 5 relating to the Company in accordance with Sections 13(d), 13(g) and 16(a) of the Exchange Act and the rules and regulations promulgated thereunder, and Forms 144 in accordance with Rule 144 under the Securities Act of 1933, as amended (the "Securities Act"); (5) seek or obtain, as the undersigned's representative and on the undersigned's behalf, information on transactions in the Company's securities from any third party, including brokers, employee benefit plan administrators and trustees, and the undersigned hereby authorizes any such third parties to release any such information to any Attorney-in-Fact and further approves and ratifies any such release of information; (6) do and perform any and all acts for and on behalf of the undersigned that may be necessary or desirable to prepare, complete and execute any such Schedules 13D, 13G, Forms 3, 4 or 5, or Forms 144, and any amendments thereto, or other required report, and timely file such forms or reports with the SEC and any stock exchange or similar authority as considered necessary or advisable under Sections 13(d), 13(g) and 16(a) of the Exchange Act or Rule 144 of the Securities Act; and (7) take any other action of any type whatsoever in connection with the foregoing that such Attorney-in-Fact reasonably believes may be of benefit to, in the best interest of, or legally required of, the undersigned, it being understood that the documents executed by such Attorney-in-Fact on behalf of the undersigned pursuant to this Limited Power of Attorney will be in such form and will contain such disclosure, information, terms and conditions as such Attorney-in-Fact, in such Attorney-in-Fact's sole discretion, deems necessary or advisable.

------

![](exhibit24-limitedpoa002.jpg)

The undersigned hereby acknowledges that (a) the foregoing Attorneys-in-Fact are serving in such capacity at the request of the undersigned; (b) this Limited Power of Attorney authorizes, but does not require, each such Attorney- in-Fact to act in the Attorney-in-Fact's discretion on information provided to such Attorney-in-Fact without independent verification of such information; (c) neither the Company, Company Counsel, nor any Attorney-in-Fact assumes (i) any liability for the undersigned's responsibility to timely comply with the requirements of the Exchange Act or the Securities Act, (ii) any liability of the undersigned for any failure to comply with such requirements, (iii) any liability for any action or inaction by an Attorney-in-Fact relating to their service as an account administrator for the undersigned's EDGAR account, or (iv) any obligation or liability of the undersigned for profit disgorgement under Section 13 or Section 16(b) of the Exchange Act; and (d) this Limited Power of Attorney does not relieve the undersigned from responsibility for compliance with the undersigned's obligations under the Exchange Act and the Securities Act, including, without limitation, the reporting requirements under Sections 13(d), 13(g) and 16 of the Exchange Act. This Limited Power of Attorney shall remain in full force and effect until March 31, 2026, unless earlier revoked by the undersigned in a signed writing delivered to each such Attorney-in-Fact. The undersigned hereby revokes all previous powers of attorney that had been granted by or on their behalf in connection with reporting obligations, if any, under Section 13 and Section 16 of the Exchange Act and Rule 144 under the Securities Act with respect to holdings of and transactions in securities issued by the Company, including, for the avoidance of doubt, the Limited Power of Attorney executed by the undersigned on April 4, 2025. IN WITNESS WHEREOF, the undersigned has caused this Limited Power of Attorney to be executed as of 28 August, 2025. FRENCH RIVER 5 LIMITED /s/ Donna Brehaut /s/ Mark Le Ray __________________________________________ Name: Donna Brehaut Mark Le Ray Title: Director of Saffery Director of Rysaffe Director Limited, Director Limited, Corporate Director Corporate Director [NOTARY SIGNATURE BLOCK] This instrument was acknowledged before me on 28 August 2025 by Donna Brehaut & Mark Ray in Guernsey. /s/ Michael Julian Riddiford Michael Julian Riddiford Notary Public My Commission Expires on death.

------

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM 4

### STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

[ ] Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>French River 5 Ltd<br><sub>(Last) (First) (Middle)</sub><br>C/O HAMILTON LANE INCORPORATED<br>110 WASHINGTON STREET, SUITE 1300<br><sub>(Street)</sub><br>CONSHOHOCKEN, PA 19428<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2025-09-04 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[ ] Director [X] 10% Owner<br>[ ] Officer (give title below) [ ] Other (specify below)<br>_ _ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>Hamilton Lane INC [ HLNE ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[ ] Form filed by One Reporting Person<br>[X] Form filed by More than One Reporting Person |

---

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>Oakville Number 2 Trust<br><sub>(Last) (First) (Middle)</sub><br>C/O HAMILTON LANE INCORPORATED<br>110 WASHINGTON STREET, SUITE 1300<br><sub>(Street)</sub><br>CONSHOHOCKEN, PA 19428<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2025-09-04 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[ ] Director [X] 10% Owner<br>[ ] Officer (give title below) [ ] Other (specify below)<br>_ _ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>Hamilton Lane INC [ HLNE ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[ ] Form filed by One Reporting Person<br>[X] Form filed by More than One Reporting Person |

---

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>Rysaffe Trustee Co (CI) Ltd<br><sub>(Last) (First) (Middle)</sub><br>C/O HAMILTON LANE INCORPORATED<br>110 WASHINGTON STREET, SUITE 1300<br><sub>(Street)</sub><br>CONSHOHOCKEN, PA 19428<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2025-09-04 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[ ] Director [X] 10% Owner<br>[ ] Officer (give title below) [ ] Other (specify below)<br>_ _ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>Hamilton Lane INC [ HLNE ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[ ] Form filed by One Reporting Person<br>[X] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | 3. Transaction Code (V) | 3. Transaction Code (V) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | Code | V | Amount | (A) or (D) | Price | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| Class A Common Stock | 2025-09-04 |  | S<sup>(1)</sup> |  | 150000 | D | $146.51 | 330015 | D |  |
| Class B Common Stock |  |  |  |  |  |  |  | 7<sup>(2)</sup> | D |  |

---

## Table II - Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | 4. Transaction Code (V) | 4. Transaction Code (V) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 6. Date Exercisable and Expiration Date | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Underlying Securities | 7. Title and Amount of Underlying Securities | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| Class B Units | <sup>(3)</sup> |  |  |  |  |  |  | <sup>(3)</sup> | <sup>(3)</sup> | Class A Common Stock | 7 |  | 7 | I | See Footnote<sup>(4)</sup> |

---

### Footnotes:

(1) Sold by the reporting person in a registered underwritten offering pursuant to an underwriting agreement dated September 4, 2025.

(2) The Issuer Class B common stock does not carry economic value beyond the right to receive the par value of such stock upon liquidation, dissolution or exchange of those shares. However, the Class B common stock entitles its holder to ten votes per share on every matter submitted to the Issuer's stockholders for a vote.

(3) Pursuant to an Exchange Agreement entered into in connection with a reorganization incident to the Issuer's initial public offering (the "Exchange Agreement"), the Class B Units of Hamilton Lane
Advisors, L.L.C. are exchangeable, on a one-for-one basis, for shares of Class A common stock or, at the Issuer's election, for cash. Upon exchange of a Class B Unit, the corresponding share of Class Bcommon stock will be redeemed at par value and cancelled. The Class B Units do not have an expiration date.

(4) The securities reported are owned indirectly by the Trust through HLA Investments, LLC.

**Remarks:**
This Form is filed by (i) French River 5 Limited, a wholly owned subsidiary of Oakville Number 2 Trust ("Trust') and transferee of securities previously owned by the Trust, (ii) the Trust and (iii) Rysaffe Trustee Company (CI) Limited ("Trustee"). The Trustee is the trustee of the Trust. The Reporting Persons are a member of a group that beneficially owns more than 10% of the Issuer's Class A Common Stock. Exhibit List: Exhibit 24 - Limited Power of Attorney

**Signature:** FRENCH RIVER 5 LTD,  By: /s/ Lauren Platko, attorney-in-fact  
**Date:** 2025-09-08

**Signature:** OAKVILLE NUMBER 2 TRUST,  By: /s/ Lauren Platko, attorney-in-fact  
**Date:** 2025-09-08

**Signature:** RYSAFFE TRUSTEE CO (CI) LTD,  By: /s/ Lauren Platko, attorney-in-fact  
**Date:** 2025-09-08

### Remarks:

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

**Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.**