Highland Capital Management: A Very Successful Alternative Investment Management Firm

Highland Capital Management is a Dallas, Texas based alternative investment management firm. Founded in 1993, the firm specializes in private equity, leveraged buyouts, growth capital and a host of other financial services. The company has assets in excess of $18.7 billion and has over 100 staff members. Highland Capital Management manages hedge funds, distressed investment and structured investment funds. It also invests in fixed income, global public equity and hedging markets. They focus on high yield bonds, leveraged loans and structured products. In addition to its headquarters in Dallas, Texas, Highland Capital Management also has offices in Singapore, London and New York City.


The company manages the Highland Distressed Opportunities, the Highland Credit Strategy Fund and several other closed-end funds. In February, 2010, Highland Capital Management announced that it had completed its CLO Value Fund I. The company also deals with high yield credit, structured products, distressed and special situations, long/short equity, health care, emerging markets and real estate. Highland Capital Management recently closed its first Asia-based healthcare-oriented private equity fund. Based in South Korea, the fund has $147 million in capital commitments.


The strategy of the fund is well aligned with the core capabilities of Highland Capital Management. It draws on the company’s vast expertise working in the healthcare sector. Highland Capital Management’s largest industry exposure is in healthcare. About half of its over 15-year track record working in private equity involves healthcare companies. The new fund’s primary investment targets will be Asian and North American middle market healthcare companies. Highland Capital Management had over $1.5 billion under management in healthcare assets as of May 2017. It spans many fund structures and asset classes.


Highland Capital Management’s leadership anticipates the U.S. healthcare industry having to deal with several disruptive forces that will have an acute affect on middle market healthcare companies. The growing number of older members of the American population and the increasing access in Asia to healthcare services are expected to create greater utilization levels. Add the increasingly complex demands on the healthcare sector from consumers and government and it signals a great opportunity for investors.


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