Highland Capital Management, L.P, is an alternative investment management company that has grown into one of the most experienced and largest companies in the industry. The company has been through several changes over the years beginning when founders James Dondero and Mark Okada formed a partnership with a life insurance company. The partnership focused on the fixed income market and in 1993, evolved into PAMCO (Protective Asset Management Company.
The company began to grow, through Dondero’s and Okada leadership and in 1997, established Ranger Asset Management, L.P. (RAM). The company was an independent SEC (Securities Exchange Commission) registered advisor. In 1998, RAM became Highland Capital Management, L.P.
Highland Capital Management, with more than 20 years of experience, offers a wide range of products for institutional and retail investors. The Highland Capital Management team operates offices worldwide and has more than 180 employees. The company maintains its headquarters in Dallas, Texas with offices in Seoul, Singapore, Sao Paulo and New York City. The clients served by Highland Capital Management include high net worth individuals, governments, financial institutions, corporations, endowments and foundations, and pension plans. The goal of the company is to deliver value to investors with new products and new opportunities while protecting investors and their capital.
Highland Capital Management was the pioneering force behind collateralized loan obligations (CLO) and launched a CLO bank in the late 1990’s. A CLO is a security backed by a pool of debt and is often a low rated corporate loan. Highland Capital Management has structured and monitored more than 38 CLO’s and CDO’s (collateralized debt obligations) valuing more than $30 billion.
The company continues to assist investors achieve their return objectives and risk by developing new investment strategies and value oriented investment vehicles. The strategies the Highland Capital Management team develops are diverse and include emerging market credit funds, credit hedge funds, oil and gas funds, long-short equity funds, and long only credit funds. The company not only invests their client’s capital, they invest their own capital, as well. This makes Highland Capital Management a true investment partner and always willing to take on the same risks as their clients.