Global alternative asset manager Sagard has appointed Dan Johnson as director of business development in its private credit business.
Johnson will be based in New York and started after Labor Day, according to a company spokesperson. He joins a business development team led by Sean McKinnon and will be focused on originating for Sagard's private credit business.
He is also part of Sagard's recent business development team growth and business expansion.
"It's a global platform with resources and reach," Johnson said in a statement, adding "but also one that gives people room to innovate and build."
In his role, Johnson said in a statement, he will look for companies with resilient fundamentals, including stable cash flow, a defensible market position and strong management. Sagard will also look for "alignment with owners or sponsors who want a long-term lending partner and see us as more than just capital."
In Johnson's 14-year experience in middle market business development, he was previously a vice president of portfolio originations at Antares Capital. Among other things, he focused on private equity sponsor coverage. He also supported institutional investor relationships and managed strategic investor programs at Antares.
Elsewhere with Montreal, Quebec-based Sagard, the company recently launched a new equity tranche-focused CLO fund, which raised $250 million initially in a general business expansion push.
