Highland Capital Management, an investment management firm based in Dallas, Texas, has promoted Patrick Boyce and Lane Britain to partner.
Boyce is currently chief operating officer and chief financial officer at Highland and Britain serves as a portfolio manager and co-head of research at the firm.
Both individuals will continue in their existing roles at the firm with the added responsibility of being a partner.
"Patrick has brought tremendous operational and financial discipline and expertise to the position of chief operating officer and chief financial officer and has helped ensure that Highland delivers reporting and client service at world-class levels," says Jim Dondero, 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."
Prior to his current role as chief operating officer and chief financial officer at Highland, Boyce served as the firm’s chief administrative officer. He began his career at Highland in March 2004 in the investment group, where he was a distressed portfolio manager. Prior to joining Highland, he worked as a vice president for Citigroup Global Markets in its global investment banking group from 2000 to 2004, and was a founding member of its Dallas office.
Prior to joining Highland in 2006, Britain was a vice president at Ewing Management Group (formerly Carlyle Management Group) in Dallas, a private equity firm that specialises in acquiring and restructuring companies. Britain also worked as an investment banker at Salomon Smith Barney and Donaldson, Lufkin and Jenrette.