On January 20, 2015, investment bank Houlihan Lokey announced that Patrick Collins has joined the firm’s Financial Sponsors Group as a Managing Director, based in New York. Collins will focus on assisting the firm’s hedge fund and financial sponsor clients with distressed and special situations investment opportunities. See “Is a Hedge Fund a ‘Financial Institution’ Under a Clause Restricting the Assignability of Debt?,” Hedge Fund Law Report, Vol. 7, No. 17 (May 2, 2014).