Highland Capital Management is investment banking firm founded in 1993 by Mark Okada and James Dondero. HCM head office is based in Dallas, TX, but has other offices in Sao Paolo, Seoul, Singapore and New York. The firm offers a variety of credit strategies such as collateralized loan obligations, credit hedge funds, separate accounts, private equity fund and long-only funds. HCM also specializes in alternative investment options including long/short equities, natural resources and emerging markets. Highland Capital Management has a diverse network of clients that include government agencies, endowments, banking institutions, foundations, funds of funds, high net worth individuals and pension plans.
Highland Expanding Investment in South Korean Market
The Seoul based affiliate of HCM recently concluded a healthcare-focused fund worth $147 million, where the anchor investor is National Pension Service (NPS) of South Korea. Apart from earning investment returns, investors who participated in this fund were offered the opportunity to co-invest and advance their interest in the United States, China and Korea. In the entire Asian region, a Korean based venture capitalist, Stonebridge Capital was assigned the responsibility of co-managing this fund.
It was the first time Highland Capital Management invested in healthcare fund in the Asian market. In the past two years, investors in this region have shown interest in the healthcare sector, majority going for multi-purpose and direct funds. According to the MD and co-head of HCM’s private equity group, Carl Moore, the Korean fund is perfectly aligned with the firm’s deep expertise and capabilities within the healthcare sector. The fund targets mid-level healthcare firms in Asian and North American market.
HCM’s Corporate Social Responsibilities
Highland and its affiliate control about $15.4 billion AUM. As a result of this success, the firm has invested not only in the financial industry, but also in the neighboring communities where employees live with the aim making life better for residents. They engage in volunteering work, top executives serving in various advisory boards, and financial donations to charitable organizations. For a period of about 12 years now, Highland Capital Management has donated over $10 million to charitable institutions all over the world.