Infinity expands debt fund team

Norman Davidson joins UK-based Infinity after more than four decades at HSBC.

Infinity Asset Management, a UK-based debt investment firm, has appointed Norman Davidson to its investment committee.

Davidson retired at the end of last year, but agreed to come out of retirement for the latest role at the firm based in Salford Quays, just outside of Manchester city centre.

In his position at Infinity, he will provide advice on potential deals and assess existing investments in the portfolio.

Dave Furlong established Infinity last year. PDIpreviously reported that the firm is aiming to raise £50 million from institutional investors for its fund, which focuses on subordinated debt financing. It aims for returns between 12 and 14 percent and finances ticket sizes ranging between £2 million and £10 million.

Both Davidson and Furlong worked together at HSBC. Davidson spent more than four decades at the bank with his latest role being head of leveraged finance for the north west of England.

Furlong said: “He is a true heavy-hitter from the banking world and his appointment is a fantastic boost for Infinity. His vast experience, strong analytical skills and excellent working relationships with the corporate and professional communities across the north.”

Davidson said: “Debt funds have shown tremendous growth over the last five years and I’m looking forward to helping Infinity develop its offering. I spent a good proportion of my career filtering deals, making sure we did the right transactions. It was not just about lending money but also about looking after it.”