Lakemore Partners, a private credit investment firm primarily investing in control CLO equity, has named as Dan Norman Managing Director and Head of its US business operations.
Norman will focus on growing Lakemore’s investment platform globally from its recently established US office in Scottsdale, Arizona.
Norman joins Lakemore following his retirement 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 firm’s Senior Loan Group in 1995 and co-managed the Group’s global loan platform including its global CLO business, which by the end of 2020 had managed 46 CLOs with a combined size of over USD22 billion.
“Dan is a successful, highly respected and cycle-proven executive who has established himself as one of the leading experts in broadly syndicated corporate loans and CLO management,” says Mohamed Seif, Co-Founder & Managing Director of Lakemore. “With more than 35 years of global business-building and investment management experience, Dan is the perfect fit for our firm as we continue to strengthen our relationships with leading US CLO managers and look to serve the needs of current and prospective investors in the US and around the world. We are thrilled to welcome him to Lakemore.”
Throughout his career, Norman has structured and managed over 80 loan funds and accounts with total combined assets of over USD50 billion. He has created extensive distribution networks and more than 300 investor relationships around the world.
As part of his role, Norman will oversee Lakemore’s on-the-ground US presence from its newly established office located in Scottsdale, Arizona, which will further enhance the firm’s ability to seamlessly operate on a global scale. Lakemore currently has 27 professionals worldwide overseeing USD1.1 billion in credit assets under management.
“I’m honoured to join such a diverse and well-respected firm that has established a leadership role in the CLO marketplace through its sound strategic approach and commitment to client service,” adds Norman. “Lakemore’s strong culture of respect and support for its team members deeply resonates with me and is core to a successful business. I look forward to working alongside the experienced professionals at Lakemore as we continue to expand our presence both in the US and around the world.”
Norman currently serves as a Board Member of the Business Loans Coalition, the Loan Syndication and Trading Association’s (LSTA) grassroots advocacy affiliate, and as an advisory Board Member of the Maricopa Partnerships, which manages diverse business and investment interests. He previously served as Board Member of the LSTA and the International Association of Credit Portfolio Managers.