A Look At Alternative Investing Giant Highland Capital
Highland Capital Management, L.P. is headquartered in Dallas, Texas. It was founded in 1993 and has grown into a company that has over $15 billion of assets under management. Highland Capital specializes in alternative investing. The investments this company offers its clients are credit strategies such credit hedge funds, long-only funds, special situation and distressed private equity, collateralized loan obligations, and separate accounts. The alternative investments include long/short equities, real estate, natural resources, and emerging markets.
The clients that Highland Capital Management provides its financial services to include high net worth individuals, public pension plans, governments, endowments, and corporations. Besides its Dallas headquarters, Highland Capital Management maintains offices in Sao Paulo, New York, Singapore, and Seoul.
James Dondero and Mark Okada were the co-founders of Highland Capital. Both are still at the privately held company, Mark Okada as the Chief Investment Officer and James Dondero is the President. Mr. Dondero has over 30 years of experience in the financial industry and graduated from the University of Virginia – McIntire School of Commerce with degrees in accounting and finance. Mr. Okada also has over thirty years of experience in the industry and is regarded as one of the pioneers of developing bank loans into the trillion dollar industry it has become.
Highland Capital Management has a charitable arm that is involved in supporting nonprofits in the Dallas area. As the company expands its charitable giving, the company began to recognize that they needed a professional from the nonprofit industry in order to make sure its contributions achieved their largest impact. In June 2016, Linda Owen was hired by the firm and put in charge of its philanthropy as the Charitable Giving Manager. She has long been a civic leader in the city of Dallas. She was also the President of The Woodall Rodgers Park Foundation.
Highland Capital donates more than $3 million per year to various causes. Among the types of causes it supports is education, veterans, and health care. Some of the specific nonprofits it has given to are the Perot Museum of Nature and Science, the Dallas Zoo, and Snowball Express.