Anthony on for Alex Blostein

Anthony, on behalf of Alex Blostein, inquired about Hamilton Lane's software exposure given recent industry concerns and how these businesses are performing amidst potential AI risks.

Answer

Erik Hirsch, Co-Chief Executive Officer, clarified that Hamilton Lane's portfolios are highly diversified across sectors, geographies, and sizes due to their co-investment, secondary, and fund model, which prevents concentration in software. He stated that software exposure is not a significant issue for Hamilton Lane or its clients.