Hamlin Capital Management

Hamlin Capital Management

John Settino and Michael Mills co-founded Hamlin Capital Management in 2000 as a New York-based investment firm focused on credit and fixed-income markets. The firm operates through a registered investment advisor structure, building portfolios designed for institutional and high-net-worth clients seeking durable income streams. Its core competency lies in municipal infrastructure financing and opportunistic corporate credit. Hamlin deploys capital across three principal asset classes: municipal bonds, corporate credit, and private infrastructure debt. The municipal platform targets essential public assets—water systems, transportation networks, and educational facilities—operating through separately managed accounts and a dedicated mutual fund. The credit strategy spans direct lending, structured credit, and dislocated markets opportunities. Confirmed portfolio exposures include State of California general obligation bonds and New York City Municipal Water Finance Authority revenue bonds (public record). The firm executes across U.S. markets with concentration in California, New York, and Texas. The firm operates with a team of approximately 15 investment professionals from its New York headquarters. As of May 2026, the municipal strategies represent the firm's largest deployment category, with the Hamlin High Dividend Equity Fund providing a complementary yield-focused equity component. The firm maintains no separate philanthropic vehicles or affiliated operating businesses. Hamlin's structural differentiator stems from its dual-capture model in infrastructure finance: it accesses municipal credits through a public-market fund while simultaneously participating in private infrastructure debt transactions—a convergence strategy rarely executed at this scale by a boutique manager. This architecture allows the firm to originate across the full capital stack for essential public assets, from traded general obligation bonds to negotiated private placements.