One hundred and forty-seven million dollars may sound astronomical, but that is the figure that Highland Capital has injected into its new healthcare fund albeit with some backing from South Korea NPS.
Founded in 1990 by James Dondero and Mark Okada, in a joint venture with Proactive Life Insurance, the two directors have continued to steer the company’s growth and expansion. Such huge leaps in expansion have been fueled by the burning desire to conquering fixed income markets. Today the company which has its headquarters in Dallas, Texas, is also present in New York City, Sao Paulo, Singapore and Seoul with an employee base of over 180 men and women.
Highland Capital offers services that include pension plans and endowments but not limited to these, and is continuously seeking new opportunities while safeguarding client interests and investments. The new health fund, Highland’s Capital latest investment, aims at North America’s and Asia’s middle market. Matt Jameson, The managing director and the co-head of private equity at the firm, said: “The healthcare industry in the U.S. faces a number of disruptive forces that acutely affect companies in the middle market.” This fund will certainly come in handy here.
While Highland Capital specializes in credit strategies as well as alternative investments, probably it is the company’s philanthropic projects that the directors are most proud of with an annual budget of over Three Million Dollars! These funds are managed by Mary Jalonick, President, and CEO of Dallas Foundation. Some of the charities supported by Highland Capital include American Heart Foundation, Museum of Nature and Science and Capital for Kids.
Highland Capital is “Experienced, Disciplined and Bold.”