Highland Capital Management, L.P is the parent company for Highland Capital Management Fund Advisors, L.P, and Highland Capital Management Korea Ltd. Together these companies manage nearly $18 billion of assets. Highland Capital is registered with the SEC. The company was founded by James Dondero and Mark Okada back in 1993. The areas in which Highland Capital specializes are credit strategies which include equity long-only funds, separate accounts, hedge funds, special situation equity funds and collateralized loan obligations. Highland Capital enjoys a diverse client base which such as pension plans, endowments, foundations, corporations, governments, people of high net worth, and fund of funds. The company is based in Dallas, Texas and has offices in Singapore, Sao Paulo, New York, and Seoul.
New Investment Opportunities
Recently, Highland Capital Management Korea Ltd won a health care based private equity fund with $147 million in total commitments. The anchor investor for this fund is South Koreas National Pension Service (NPS). NPS was founded in 1988 and is worth approximately $465 billion. This will be Highland Capitals first venture into the health care related private equity business. This is a natural fit for Highland Capital, as they have over 15 years’ experience in managing health care related funds.
The company’s founder, James Dondero, is not only known as a successful investment advisor, but also as a generous philanthropist. Even though he manages a global company, he is known to be generous towards charities especially local charities. In fact, the charitable side of things grew to the point where it needed its own manager. After looking for one Mr.Dondero settled with The Dallas Foundation, headed by Mary Jalonick.
Gains in Oil
As mentioned earlier, Highland Capital Management is involved is several investments. This also includes the petroleum business, which falls under Highland Alternative investments. This department is headed by Michael Gregory. His oil related stock picks has resulted in triple returns of the S&P 500 Index, last year, or 31.6% in 2016. Mr. Gregory also oversees the small-cap fund which is worth $55 million in assets.