Leading Equity Investment Firm CLO Establishes New U.S. Office To Further Improve Global Operations
LONDON, DUBAI, UAE and SCOTTSDALE, Arizona., August 3, 2021 / PRNewswire / – Lakemore Partners Ltd. and its affiliates (“Lakemore”), a leading private credit investment firm investing primarily in controlling capital of CLOs, today announced that they have appointed Dan Norman as Managing Director and Head of Business Operations in the USA. In this role, he will focus on growing Lakemore’s investment platform globally from his recently established US office in Scottsdale, Arizona.
Mr. Norman joined Lakemore after retiring last year from Voya Investment Management (“Voya”) where he most recently served as Group Head and Senior Managing Director. While at Voya, he founded the company’s senior lending group in 1995 and co-managed the group’s global lending platform, including its global CLO business, which at the end of 2020, had managed 46 CLOs with a combined size of over US $ 22 billion.
“Dan is a seasoned, highly respected and experienced executive who has established himself as one of the leading experts in largely syndicated corporate loans and CLO management,” said Mohamed seif, co-founder and CEO of Lakemore. “With over 35 years of global experience in building businesses and managing investments, Dan is the right fit for our business as we continue to strengthen our relationships with key US CLO managers and seek to meet needs of current and potential investors in the United States. and all over the world. We are delighted to welcome him to Lakemore. ”
Throughout his career, Mr. Norman has structured and managed over 80 funds and loan accounts with a combined total assets of over US $ 50 billion. He has created extensive distribution networks and over 300 investor relationships around the world.
As part of his role, Mr. Norman will oversee the US presence in the Lakemore field from his new office located in Scottsdale, which will further enhance the company’s ability to operate seamlessly on a global scale. Lakemore currently has 27 professionals worldwide US $ 1.1 billion in credit assets under management.
“I am honored to join such a diverse and respected company that has established a leadership role in the CLO market through its strong strategic approach and commitment to customer service,” added Mr. Norman. “Lakemore’s strong culture of respect and support for his team members resonates deeply with me and is at the heart of a successful business. I look forward to working alongside the experienced professionals at Lakemore as we continue to expand our presence in the United States and around the world. . ”
Mr. Norman is currently a member of the board of directors of the Business Loans Coalition, the advocacy arm of the Loan Syndication and Trading Association (“LSTA”), and an advisory member of the board of directors of Maricopa Partnerships, which manages various business and investment interests. He previously served on the board of directors of the LSTA and the International Association of Credit Portfolio Managers.
About Lakemore Partners
Lakemore is a leading private credit investment firm that invests primarily in CLO control stocks. As the partner of choice for leading CLO managers who are aligned with the portfolio management style and risk appetite of the company, Lakemore aims to generate attractive returns by leveraging the broad expertise of its dedicated team and investing in its well-defined cycle-aligned risk allocation framework. Founded in 2016, Lakemore has offices in London, Dubai and Scottsdale. Lakemore’s mission is focused on providing sustainable and reliable income, with the company currently managing US $ 1.1 billion in credit assets under management, mainly from institutional clients. For more information, please visit www.lakemore.com.
Lakemore Partners Ltd. is the parent company of the group and is domiciled in the Cayman Islands. Lakemore Partners Management US LLC and Lakemore Partners (UK) Ltd. are registered with the United States Securities and Exchange Commission as an investment advisor. Lakemore Partners (UK) Ltd. (FRN: 837603) is also an appointed representative of Duff & Phelps Securities Ltd. (FRN: 466588), which is authorized and regulated by the Financial Conduct Authority. Lakemore Partners (DIFC) Limited is authorized and regulated by the Dubai Financial Services Authority. Lakemore Partners Management US LLC, Lakemore Partners (UK) Ltd. and Lakemore Partners (DIFC) Limited are wholly owned subsidiaries of Lakemore Partners Ltd.