HAMILTON LANE INC

Ticker: HLNE CUSIP: 407497106 Class: Common Stock

Philadelphia Financial Management of San Francisco, LLC's Holding History (CIK: 0001351407)

Note: Option positions (PUT/CALL) are excluded.

Q1 2017

Shares 300,000 Value ($000) $5,601 Avg Close $18.78 Range $17.74 - $19.66

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2017	300,000	$5,601	$18.78	$17.74 - $19.66