Highland Capital Management has promoted Patrick Boyce and Lane Britain to partner. Boyce is currently chief operating officer and chief financial officer at Highland; Britain is a portfolio manager and co-head of research at the firm.
Both will continue to perform their existing duties at the company with the added responsibility of being a partner.
Prior to his current position at Highland, Boyce was the firm's chief administrative officer. He started his career at Highland in March 2004 in the investment group, where he was a distressed portfolio manager.
Previously, he was a vice president at Citigroup Global Markets in its global investment banking group from 2000 to 2004. He also served as an investment banker for Donaldson, Lufkin & Jenrette, where he had corporate finance responsibilities in both the Los Angeles and Dallas offices.
Britain, before joining Highland in 2006, was a vice president at Dallas-based Ewing Management Group, which was previously Carlyle Management Group, a private equity firm that specializes in purchasing and restructuring companies. Britain also worked as an investment banker at Salomon Smith Barney and Donaldson, Lufkin and Jenrette, where he focused on M&A deals and debt/equity financings.
“Patrick has brought tremendous operational and financial discipline and expertise to the position of COO and CFO and has helped ensure that Highland delivers reporting and client service at world-class levels,” said Jim Dondero, the firm’s president and co-founder. “Lane is a talented portfolio manager who, in addition to running a credit research team, has spearheaded our natural resource investments, including acquisitions in oil, gas, and timber. These promotions are well-deserved and reflect the significant contributions Patrick and Lane have made to the firm’s success.”
“Lane has led our natural resource private investment effort since it commenced in 2006 and has helped clients maximize returns investing in sectors dislocated by supply/demand imbalances created by the global recession,” said Mark Okada, chief investment officer and co-founder. “Patrick has played a strategic role in shaping Highland’s operational and banking initiatives, guiding the firm through the challenging landscape of the past 18 months. It takes years of consistent outperformance and teamwork to be promoted to a partner at this firm. I want to thank Patrick and Lane for their hard work and congratulate them on their promotions.”