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US Hamilton Lane professionals spin out to form new advisory firm

Hamilton Lane principal Bradley Atkins and five fellow investment professionals have left to set up a new private equity advisory firm, Franklin Investment Advisors.

Atkins is the chief executive officer of newly formed Franklin Investment. He is joined by former Hamilton Lane vice presidents Michael Bacine, Karl Hartman and James McGovern and former Hamilton Lane associates Neil Mowery and Ryan Chowdhury. Hamilton Lane had nobody available for comment.

Franklin Investment will focus on ‘portfolio construction, manager due diligence and selection, performance monitoring, portfolio analytics and valuation service', according to a statement released by the firm.

Hamilton Lane has 100 clients and has $6bn under management, including a $2.2bn fund of funds business. The advisory firm is currently seeking a buyer for around $100m.

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