Highland Capital Management, L.P. is a registered investment advisory company headquartered in Dallas, Texas. They specialize in alternative investments. It is a privately held company that was founded in 1993 by two individuals in the financial industry, James Dondero and Mark Okada. It now has almost $19 billion in assets under management. Read this article at PR Newswire.
The types of investments that Highland Capital Management manages includes distressed investments, hedge funds, and structured investments. The types of alternative assets they make money on include public equity, both domestic and international, as well as fixed income and market hedging. They specialize in assets such as high yield bonds, leveraged loans, collateralized loan obligations, and long-only funds.
Many different types of entities buy the funds that Highland Capital Management makes available. This includes other financial institutions, corporations, foundations, public pensions, endowments, and government entities. Additionally, individuals with high net worth amounts will buy the funds that Highland Capital Management makes available. Read this article at Dallas News.
Over the years Highland Capital Management has developed into a global company. They now maintain offices in Dallas and New York in the United States. Internationally they have offices in Singapore, Sao Paulo, and Seoul. The Seoul office, operating under the name Highland Capital Management Korea Ltd., has been busy lately managing a new private equity fund that is focused on healthcare. It invests in healthcare companies in South Korea, the United States, and China. It started trading with $147 million in capital commitments. The biggest investor in the fund is the South Korea National Pension Service. This fund is worth about $500 billion and invested in this new fund in order to diversify their holdings.
The new South Korean fund that Highland Capital Management created is co-managed with a South Korean investment company. This company, Stonebridge Capital, provides its years of experience in investing in South Korean healthcare companies. Highland Capital, too, has years of experience in this industry. Over the last 15 years, the largest industry that the company has invested in has been in the healthcare field. The focus of this new fund will be on mid-sized companies in this important sector of the economy.