Highland Capital Management’s South Korean Based affiliate, Highland Capital Management Korea Ltd., has closed a $147 million healthcare-focused fund. The private equity fund’s anchor investor is the South Korean National Pension Service (NPS). NPS’s Present value is set at approximately KRW 565 trillion or about $499.8 billion. However, the Sovereign Wealth Fund Institute puts their corpus figure at $465.13 billion.
Investors taking part in the Highland Capital Fund with South Korea NPS have precise healthcare objectives on top of expected investment returns. These include access to new co-investment opportunities that serve their financial goals in South Korea, China, and the United States. Highland capital will co-manage the fund with a Korean venture capital and private equity firm called Stonebridge Capital.
The private equity fund is Highland Capital’s first healthcare-oriented fund in Asia. Its primary targets will be well-performing middle market companies in Asia and North America.
Highland Capital Management
Highland Capital Management is a US-based investment adviser registered with the Securities and Exchange Commission. The company and its affiliates manage approximately $15.4 billion worth of assets. It was founded back in 1993 by two business partners namely Mark Okada and James Dondero. Today, the company is not only one of the largest but also one of the most experienced alternative credit managers globally. It specializes in credit strategies that include credit hedge funds, separate accounts, long-only funds, special situation and distressed equity, as well as collateralized loan obligations (CLOs).
Highland Capital Management also offers alternative investments that include long/short equities, emerging markets, and natural resources. This broad array of products and services has attracted to the company a diverse client base that includes foundations, corporations, NGOs, financial institutions, endowment funds, governments, public pension funds, funds of funds, and even high net-worth individuals. Highland Capital’s headquarters are in Dallas, Texas. It, further, maintains offices in Seoul, Singapore, New York, and Sao Paulo.
Community welfare matters a lot to Highland Capital Management. The company has invested time, energy, and resources in communities where its employees work and live. Therefore, it remains committed to making a positive difference through financial donations, volunteerism, and advisory board involvement to not only local community organizations but also national non-profit organizations.