In 1993, James Dondero and Mark Okada came together and formed Highland Capital Management. Their ultimate goal was to deal mainly in asset management since most of the businesses either don’t know how to go about it the right way or don’t have the time to do it the right way.
Highland Capital Management also deals in investment funds, mutual funds, hedge funds as well as structured investment vehicles. And thanks to their incredibly vast experience, they’ve managed to perform each and every one of these tasks exceptionally well, hence building a lot of trust amongst the business. Read more at Wikipedia about James Dondero.
Today, the privately owned firm that was initially started by two people now has well over 100 highly skilled employees. The firm also has offices in selected cities including Seoul, New York City, Sao Paulo, Buenos Aires, and Singapore just to mention a few. Their allocation fund was also valued at $947 million by 2016 which was quite impressive.
Highland Capital Management and Its Investments/Acquisitions
Over the years, Highland Capital Management has been able to acquire other related but small scale firms and in turn expand into the respectable conglomerate that they are today. For starters, they acquired Nexbank back in 2004 and ING Capital Management only a year later.
The acquisition of ING Capital Management marked their official entry in the European market. But they didn’t really stop right there. Another very important acquisition of the Highland Capital Management is the Cityplace Tower which was previously owned by Parameter Reality Partners and Angelo, Gordon & Co.
Owing to their smart business moves, the privately owned firm has managed to accrue assets valued at an astonishing $14 billion in the 26 years they’ve been in operation. And if they continue with the same trend, then there is absolutely nothing stopping them from growing even more. Learn more about James Dondero at High Yield Credit.