U.S. alternative investment management firm Hamilton Lane Inc. has priced its underwritten public offering of 1.4 million shares of Class A common stock, in the aggregate, for gross proceeds of about $66.7 million.

The company plans to use the proceeds to settle in cash exchanges of membership units in Hamilton Lane Advisors LLC held by certain of its members.

U.S. financial services firms J.P. Morgan and Goldman Sachs & Co. LLC are acting as joint book-running managers and underwriters for the deal.

The offering, subject to customary closing conditions, is expected to be finalized on March 14, 2019.