It was mentioned in Sri Bhagavatam, that even goddess Lakshmi feared to approach Lord Narasimha (reference) after Lord Narasimha killed Hiranyakasyapu. Bhagavatam also mentions the formation of goddess Lakshmi, which occurred during the churning of Milk ocean.(reference)
At the time of churning of the demons headed by Bali Maharaj (see here)
At the time of killing Hiranyakasipu his son Prahlada is a child.
Linking these two and by additional fact that Bali Maharaj is Grandson of Prahlada(reference), how can Godess Lakshmi who was appeared/created by churning of milk ocean (i.e at the time of Bali Maharaj) can appeare at the time of killing of hiranyakasyapu (when prahlada was a child and so Bali maharaj was not even born)