Alternative investment fund manager Cheyne Capital Management has appointed Dan Magee as Managing Director, Head of Origination and Trading for Cheyne Strategic Value Credit.
Magee, who will be based in London, succeeds David Lofts, who will remain a partner in the business but will transition to the US, where he will engage with US-based counterparties in the origination of cross-border opportunities while partnering with Magee to enhance existing relationships with European corporate advisory firms and bank asset disposal teams.
Prior to joining Cheyne SVC, Magee was a senior trader in the special situations team at Credit Suisse, originating and structuring private lending transactions and trading stressed and distressed credit. He began his career as a lawyer at Allen & Overy where he focused on leveraged lending, corporate restructurings and insolvency.
Cheyne SVC was established in 2017 and manages two strategies – one which focuses on stressed situations, providing restructuring solutions and turnaround capital, and another which provides debt capital solutions to predominantly non-sponsored mid-market enterprises.
