STAMFORD, Conn. and NEW YORK, April 23, 2025 — Witt Lake Asset Management (“Witt Lake”), a newly established asset manager, is pleased to announce its official launch today with approximately $1.1 billion of assets under management. Witt Lake is focused on offering its clients a range of investment solutions across asset-based finance and believes its differentiated investment strategy, industry experience and strategic asset allocation enables Witt Lake to generate attractive risk-adjusted return for its clients across market cycles.
Witt Lake will be led by an experienced team including Drew Hoffman serving as Witt Lake’s Chief Credit Officer and James Lundy, serving as Witt Lake’s General Counsel.
As Chief Credit Officer, Mr. Hoffman is responsible for oversight and management of investments and portfolio operations. Mr. Hoffman has over 30 years of experience in new business generation, credit, finance, operations, enterprise risk management, and cybersecurity regulation and compliance. He has experience in building and leading teams and working with boards, regulators, and internal and independent auditors.
As General Counsel, Mr. Lundy is responsible for all legal affairs of Witt Lake. Mr. Lundy has approximately 30 years of experience as a general counsel and transactional attorney and four years of experience as a certified public accountant. Prior to his role at Witt Lake, Mr. Lundy had served as the general counsel for a New York-based asset management firm and Syncora Holdings Ltd., a Bermuda-based holding company and its financial guarantee insurance company subsidiary, Syncora Guarantee Inc.
“Witt Lake will bring together decades of collective experience, asset origination, disciplined underwriting and structuring expertise to capitalize on the opportunity set across asset-based finance,” said Mr. Hoffman. “We are confident that Witt Lake will execute on its mission of helping its clients navigate the complexities of the current investment landscape and achieve their financial objectives with confidence.”
