The South Korea National Pension Service became the anchor investor of a recently closed private equity fund based around healthcare. The fund was created by the SEC-registered, Dallas-based investment firm Highland Capital Management Ltd. Highland Capital Management has extensive investment experience spanning over 30 years. The investment firm managed to secure $147 million in capital before announcing the fund’s strong closing.
Korean venture capital and private equity firm Stonebridge Capital will co-manage the fund with Highland Capital. Stonebridge Capital manages a total of 10 funds to meet the goals of realized growth within targeted time frames. The fund will focus on investing in middle market North American companies. Highland Capital’s small cap equity fund is comprised of $55 million. However, the firm itself manages a total of $15.4 billion. It should come as no surprise that the firm has created a fund centered around healthcare. The firm’s main industry exposure comes from the healthcare sector; Highland Capital’s expertise lies in healthcare.
Highland Capital Management managed to generate a 32% return for investors last year. The firm focuses on credit strategies, long-only funds, and credit hedge funds as well as CLOs and special-situation private equity. The firm was founded by Mark Okada and James Dondero. Okada’s focus lies in investment strategies for the company. Co-founder Dondero has expertise in credit and equity markets. He places his focal points upon distressed and high-yield investing.
The company values communities and works to make a difference by making financial donations to communities and non-profit organizations. Highland Capital Management has generously contributed $10 million to various organizations around the world since 2005. Leading by example, Dondero prioritizes investing time in his local community.