Highland Capital Management’s private equity head steps down


boardroom 2Partners and head of private equity at Highland Capital Management Patrick Boyce has stepped down after ten years.

Boyce will continue as a board member of some of Highland’s portfolio companies, said Bloomberg.

Prior to joining Highland in 2004, Boyce served as a vice president in the investment banking group of Citigroup.

He has also worked as an investment banking associate at Donaldson, Lufkin & Jenrette.

Jim Dondero and John Honis, who worked alongside Boyce, will continue to manage Highland’s private equity business, said the report.

Last October Highland secured a $250m mandate from the Texas Municipal Retirement System for one of its credit strategies using senior secured bank loans and CLO debt.

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