Highland Capital Management L.P. was co-founded by Mark Okada and James Dondero in 1993. It is one of the most experienced, knowledgeable and largest credit managers in the world. It has its headquarters in Dallas Texas and has partner offices in Singapore, Seoul, New York, and Sao Paolo. The company focuses on credit policies and strategies such as credit hedge funds, long-only funds, separate account distressed, and Collateralized Loan Obligations (CLOs). The organization also offers alternative investment opportunities such as natural resources, long and short equities, and emerging markets. The organization’s clientele includes government, hedge funds, financial institutions, and corporations as well as individuals with very high net-worth. Read this article at investopedia.com.
The Highland Capital has associated with different affiliates, and together it has over 18 billion dollars in assets under its management. On the first quarter of 2017, the company under its affiliate; Highland Capital Management Korea Ltd. launched a 147 million dollar private equity fund, which is mainly focused on healthcare in South Korea. The main investor is the South Korea’s National Pension Service (NPS) whose relative monetary worth is valued at 499.9 billion dollars. The Sovereign Wealth Fund Institute has valued its worth at 465.13 billion dollars. Investors and stakeholders participating in the program have specific goals in the healthcare section. These goals include access to openings and opportunities to co-invest and meet their goals in Korea, USA, and China. The organization will also partner with Stonebridge Capital in the management of the fund. This is the first healthcare investment in Asia, and a lot of investors have shown interest in the investment. The firm reports that over 1.5 billion dollars have been invested in healthcare assets under management (AUM) in North America and Asia. Visit hcp.com to know more.
Michael Gregory the Chief Investment Officer (CIO) of Highland Alternative Investors, is in charge of the small-cap stock fund. Together with James Dondero, they stated that “credit competency” assisted the 2016 pipeline partnership investment when oil prices were low. The investments contributed to almost half the total fund returns of the year. Theo organization has also set eyes on the real estate industry with a total return of 79.5 percent in the year 2016. The firm takes multifamily properties, develops them then sells them to make a profit for their investors. Gregory states that they hope to increase the numbers this year.