Great Lakes Fund Solutions Hires Managing Director of Business Development
Great Lakes Fund Solutions Inc., an administrator and transfer agent for alternative investment fund sponsors, has hired industry veteran Dan Breen as managing director of business development.
Great Lakes Fund Solutions Inc., an administrator and transfer agent for alternative investment fund sponsors, has hired industry veteran Dan Breen as managing director of business development.
Breen, who has 32 years of experience in the alternative investment sector, will be responsible for marketing, product development and sales. Over the course of his career, the company said that “he managed trading desks and investor service teams that placed more than $500 million in more than 1,000 real estate investment trusts, limited partnerships, and other alternative investments.” Breen has held a FINRA Series 7 and Series 63 license since 1987.
According to his LinkedIn profile, he previously served as director of training and user support at Openfinance, and before that, was a registered representative for Openfinance Securities, also known as Sageworks Capital Inc. He is a former managing partner and head of trading at CFX Markets, and earlier in his career, was a registered representative and registered investment advisor at Signal Securities, Pacific Asset Group and Boardwalk Capital Corporation.
“Dan has worked in the industry since its early days, and his relationships and industry knowledge run deep,” said Mark Lancaster, president and CEO of Great Lakes. “Having previously been an active user of transfer agency services, he knows what fund sponsors need, whether they are outsourcing for the first time, upgrading service providers or launching a new program. Given Dan’s leadership in secondary market automation, there is nobody better positioned to contribute to this next phase in the company’s growth.”
Since 1976, Great Lakes Fund Solutions has provided outsourced investor services fund administration to the sponsors of alternative investment programs that are sold through the independent broker-dealer and registered investment advisor distribution channels. Clients include REITs, private real estate partnerships, oil and gas limited partnerships, public commodity pools and other public/private alternative investment funds.
The firm is located in Lake Villa, Illinois and is a registered transfer agent that provides operational, administrative, banking, IT and other investor-related services, as well as due-diligence, physical and electronic sales literature fulfillment, and a call center for investors and their financial advisors.
