Highland ERA Management LLC Resurrects Once Industry-Leading Alternative Credit Investment Platform | News


DALLAS–(BUSINESS WIRE)–April 21, 2022–

Patrick Daugherty, Former Partner, Senior CLO Portfolio Manager and Head of Distressed/Special Situations at Highland Capital Management, today announced that he is joining former portfolio managers and award-winning Highland team member Kevin Rourke and Niles Chura to resurrect the once industry-leading alternative credit investment platform as Highland ERA Management LLC (“New Highland”). Under a sub-advisory arrangement with Glacier Lake Capital Advisors, Patrick Daugherty will serve as CEO and Chief Investment Officer, Kevin Rourke will serve as Head of Research and Senior Portfolio Manager, and Niles Chura will assume the roles of Chief Special Situations and Chief Investment Officer. Portfolio manager.

The founders bring over 90 years of experience in credit analysis, trading, restructuring and portfolio construction across multiple credit cycles. They have worked together in managing the assets of over 20 CLOs, hedge funds, private equity funds, RICs and retail funds totaling over $28 billion. Their successes include investments such as Metro-Goldwyn-Mayer Studios, ICO Global Communications, Suncom Wireless, Safety-Kleen Systems, Realogy Holdings, BMC Holdings, Trussway Industries, Cornerstone Healthcare Group and Mariner Post-Acute Healthcare to name a few. some.

New Highland seeks to debunk the myth of “sustainable alpha” marketing strategies that rely on the pursuit of unsustainable monetary and fiscal policies. “We intend to leverage what has made Highland successful and rebuild the platform to provide institutional investors with a full credit cycle product managed by an experienced team that has consistently demonstrated industry leading performance. on the market. The founders remain committed to putting investors before words and transparency,” said Patrick Daugherty. “We have seen Herculean government interventions over the past ten plus years that we believe have distorted the ebb and flow of the credit cycle. This trend is unlikely to continue and we see the need to offer an opportunistic alternative based on a traditional fundamental approach to investing.

About Highland ERA Management

Highland ERA Management is an alternative investment manager that was formerly part of the Highland Capital Management platform. On April 1, 2022, it was transferred to Patrick Daugherty pursuant to a bankruptcy court-ordered settlement agreement between Daugherty and Highland, which resulted in Daugherty being awarded an interest in the Highland platform, full ownership of two Highland subsidiaries and a lump sum payment. Based in Dallas, TX, the firm’s investment expertise includes bank lending, high yield bonds, structured credit, debt trading, post-emergence securities, crisis/distress situations and special situations.

About Glacier Lake Capital Advisors

Glacier Lake Capital Advisors is an alternative investment advisor that was founded by Patrick Daugherty and Kevin Rourke in 2015. It provides sub-advisory and advisory services. Based in Dallas, TX, the firm’s investment expertise includes bank lending, high yield bonds, structured credit, debt trading, post-emergence securities, crisis/distress situations and special situations. For more information, please visit www.glacierlakecap.com.

Show source version on businesswire.com:https://www.businesswire.com/news/home/20220421005156/en/

CONTACT: Patrick H. Daugherty

972.679.7487

[email protected] Kevin Rourke

214.912.1769

[email protected]

KEYWORD: UNITED STATES NORTH AMERICA CANADA TEXAS

SECTOR KEYWORD: PROFESSIONAL SERVICES OTHER PROFESSIONAL SERVICES LEGAL INSURANCE FINANCE CONSULTANCY BANK

SOURCE: Highlands ERA Management

Copyright BusinessWire 2022.

PUBLISHED: 04/21/2022 09:00 / DISK: 04/21/2022 09:02

http://www.businesswire.com/news/home/20220421005156/en

Copyright BusinessWire 2022.


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