Highland Capital Management, L.P. was founded by Mark Okada and James Dondero in 1993. The firm deals with credit strategies including hedge fund credits, private equity for distressed or special situations, long-only funds, and separate accounts, and collateralized loan obligations. In addition, the company provides alternative investment including natural resources, emerging markets, short/long equities. Highland Capital Management has managed to become one the largest alternative credit manager globally. Also, together with its affiliate companies, Highland Capital has assets amounting to $15.4 billion.
Expansion outside Dallas
The Dallas based company is not limited to the country but instead extends its services at a global level. In May 2017, the company, through its Korea affiliate, Highland Capital Management Korea Ltd collaborated with South Korea’s National Pension Service to launch a healthcare-based private equity fund amounting to $147million. Investors contributing the Highland fund have a special interest in healthcare and look forward to investment returns. Highland Capital Management will co-manage funds in Asia with Stonebridge Capital. The latter is a private equity and venture capital firm.
Although there are several health funds in Asia, they are mostly multi-purpose funds. This makes the Highland Capital Fund the first one in Asia that is categorically health oriented. The primary investment of these funds will target middle market companies in Asia and North America. The company has aligned the funds with its core capabilities, which will ensure the funds achieve the set goals.
Highland Clientele Base and Community Contribution
Highland Capital Management has a diversified clientele base. Among their top clients are financial institutions, public pension plans, high net worth individuals, endowments, funds of funds, governments, and corporations. Highland headquarters are based in Dallas, Texas and they have other offices in New York, Seoul, Singapore, and Sao Paolo.
As a show of gratitude, the firm invests in the community whereby their employees work, live, and are encouraged to volunteer at various community events. Highland management is also involved in several community boards and give financial donations to both local and national charity organizations. In the last 12 years, Highland Capital Management has contributed over $10 million to various organizations around the world.