Hamilton Lane Advisors acquired 407,435 shares of Pagaya Technologies for $12.1 million in the third quarter, making it the fund’s fifth-largest holding. The stake represents 7% of the fund’s 13F reportable assets under management as of September 30. Pagaya Technologies leverages AI-driven technology for loan origination and asset management, with shares priced at $30.26 at market close. The company reported $326 million in revenue and $17 million in net income in its latest quarter. Despite a stock price surge, caution is advised due to past volatility. Hamilton Lane’s investment reflects confidence in Pagaya’s long-term growth potential.

Source: https://www.fool.com/author/20676/

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