Highland Capital Management was founded in 1993 by James Dondero and Mark Okada. Highland is headquartered out of Dallas Texas but has offices in other major cities across. Other Highland offices are in New York, Singapore, and Seoul. Highland is one of the nation’s largest and most experienced alternative credit managers. Highland offers money management for hedge funds, alternative investments, natural resources and emerging markets. Highland offers their services to various types of clients such as governments, financial institutions, corporations, foundations and pension plans. Highland is a SEC registered investment advisor. To date Highland has over $18 billion in assets.
In Korea at Highland Capital Management Ltd, a recent private equity fund was recently closed by this affiliate of the Dallas branch. The private equity fund was health care based and worth $147 million in capital commitments. Highland will be working with Stonebridge Capital to manage this fund in Asia. South Korea’s National Pension Service is the main contributor to this fund and it is valued at just under five hundred billion dollars. This is the first healthcare oriented fund that Highland Capital will be managing in Asia. Asian investers have shown increased interest in investing into this fund.
Highland is hoping that the target investers for this Asian health care oriented fund will be middle market US and Asia based health care companies. With the American based health care industry experiencing a graying there has been an increase in interest in the Asian health care market which makes investing into this health care fund a desireable choice.