Cheyne Strategic Value Credit Adds Dan Magee as Head of Origination and Trading
Cheyne Capital Management has hired Dan Magee as Managing Director, Head of Origination and Trading for Cheyne Strategic Value Credit.
Prior to joining Cheyne SVC, Magee spent more than six years at Credit Suisse as a senior trader in the special situations team, 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.
“We are delighted to welcome Dan to our team. As someone who is highly regarded and has strong credentials in complex credit and special situations investing, his experience will help us further entrench our relationships with key sourcing partners across Europe," said Anthony Robertson, Managing Partner & CIO of Cheyne SVC.
Magee will be based in London and succeeds David Lofts who will remain a Partner in the business but will transition to the US. Lofts will engage with US-based counterparties in the origination of cross-border opportunities while partnering with Magee to further enhance existing relationships with European corporate advisory firms and bank asset disposal teams.
“Cheyne Capital has a strong reputation in the private credit market. I am excited to be joining Cheyne SVC at this juncture, as the team looks to broaden and deepen coverage of an already expansive network of mid-market corporate advisors and European investment banking counterparties," said Magee.
Cheyne SVC was established in 2017, with a focus on providing constructive capital solutions to underserved segments of the European corporate credit market, where there is either an excess risk premium due to perceived complexity, or where there are fewer alternative providers of capital. The group manages two complementary and adjacent strategies; one which focuses on stressed situations, providing restructuring solutions and turnaround capital to over-leveraged but fundamentally viable businesses, and another which provides bespoke debt capital solutions to predominantly non-sponsored mid-market enterprises to facilitate an important strategic initiative or expansion opportunity.
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