Highland Capital Management; a SEC-registered investment advisor, has about $13.4 billion of assets together with its affiliates under one management. It is one of the most experienced and largest global alternative managers. The company specializes in credit strategies including credit hedge funds, separate accounts and long-only funds, collateralized loan obligations, and special situations and distressed private equity. Highland also provides alternative investments that include long or short equities, emerging markets, and natural resources. Its broad client base includes foundations, public pension plans, corporations, endowments, governments, high net-worth individuals, fund of funds, and financial institutions.
Founded in 1990 by Mark Okada and James Dondero, Highland Capital Management has an experience of over 20-year’s experience in a variety of products for institutional and retail investors. It expanded its investment platform in 2000 beyond CLOs and separate accounts by launching the company’s first total return strategy aiming at distressed assets. It also established its two bank loan separate accounts for large public pension plans in Canada and the United States. Since then, Highland has continued to help investors achieve their return and risk objectives through innovative strategies and value-based investment approaches. In 2004, Highland expanded its product lines by entering the mutual fund business where it acquired Columbia Asset Management’s two floating rate funds.
In Asia, Highland Capital Management cooperates with Stonebridge Capital; a Korean venture capital and private equity firm where they co-manage the funds. Investors taking part in Highland’s Korean funds have specific objectives within the healthcare industry on top of the investment returns. These include access to co-investment opportunities that enable them attain their strategic objectives in the United States, China, and Korea. While Asian investors have expressed great interest in the sector in the recent past, most investments that have been made so far are on a direct basis or through multi-purpose funds. Thus, Highland Capital Management is progressively reaching out to new markets across the world.