Consent of Independent Registered Public Accounting Firm

We consent to the reference to our firm under the caption "Experts" and to the use of our report dated July 21, 2016, in the Registration Statement (Form S-1) and related Prospectus of Hamilton Lane Incorporated dated February 1, 2017.

/s/ Ernst & Young LLP

Philadelphia, PennsylvaniaFebruary 1, 2017