Highland Capital Management; Taking Care of Business and Charities

Founding partners Mark Okada and James Dondero created a commercial enterprise with Protective Life Insurance Corporation back in 1990, specializing in managing senior secured bank loans and fixed income markets. This partnership evolved into Protective Asset Management Company in 1993, with Dondero and Okada owning 40% and Protective Life owning 60%, which was an SEC registered investment advisor. In May of 1997, Ranger Asset Management, LP was formed after Okada and Dondero bought out Protective Life and became an independent advisor that was registered with the SEC. By 1998, the company changed its name from Ranger Asset to Highland Capital Management, LP.

 

Highland Capital currently employs over 180 people worldwide, as they have offices in Singapore, Seoul, Sao Paulo, and New York City, with the headquarters being in Dallas, Texas. Currently Highland has arranged and closely watched over 39 CLOs/CDOs totaling around 32 billion; making Highland the biggest CLO manager in the world, by USD assets. The variety in the client base comprises high-net worth individuals, pension plans, governments, foundations and endowments, corporations, and financial institutions.

 

Highland Capital Management Korea, LTD., is an affiliate of the Texas headquarters, just closed a healthcare centered private equity fund with $147 million in capital commitments. And not just that, Highland believes in helping out the community. They invest in the community by volunteering, advising boards, and donations. To date, Highland has donated over $10 million in donations to organizations worldwide, national nonprofit organizations, and local community organizations. Not only does Highland make a different in the financial world, they make a difference locally, nationally, and globally.

 

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