Aside from being one of the largest global alternative credit managers, Highland Capital Management is also one of the most experienced. Highland Capital Management is a mega-investment adviser. To be exact, the company manages well over $14.8 billion of assets. Therefore, the company knows how to execute efficient credit strategies. Some of these strategies include credit hedge funds, collateralized loan obligations (CLOs), and so forth.
Moreover, Highland specializes in alternative investments. These investments consist of emerging markets, natural resources, and things of that nature. In addition, Highland Capital houses a vast pool of clients. Whether an individual, corporation or a governmental entity, Highland Capital can accommodate any investment vehicle. Also, Highland Capital has numerous locations. Although headquartered in Dallas, TX, Highland Capital has additional offices in South America, Asia, and on the east coast.
To be exact, they have offices in Sao Paulo, Singapore, and Seoul. Aside from being in business for over 20 years, investors consider Highland Capital Management as a leader in the industry. In January of 1990, James Dondero and Mark Okada conceived Highland by forming a joint venture. By 1993, the company became PAMCO, which stands for Protective Asset Management Company. Initially, the venture catered to fixed income markets such as secured bank loans. Moreover, PAMCO is an SEC Registered entity. Furthermore, the founders owned 40% of the company and advisors owned 60%. By 1997, the company’s profits rose exponentially. Therefore, James and Mark purchased the remaining stake in PAMCO and created Ranger Asset Management, L.P.
By the next year, the name changed to Highland Capital Management, L.P. By the year 2000, the company’s established its first commingled bank loan along with an additional investment platform. Highland Capital continued well into 2004, as they acquired two floating rate funds from Columbia Asset Management. In 2008 and 2011 respectively, the company opened offices in Singapore and Seoul. Since its conception, Highland Capital has innovated the investment industry. It is among one of the first companies to establish a non-bank CLO. To this day, Highland Capital remains to be one of the largest companies in its industry.