Stonebridge Capital is in place to manage the fund. Highland Capital Management’s involvement with the National Pension Services will be the first healthcare fund of its kind in Asia. Previous Asian investors were investing in multi-level purpose funds or investing on a direct basis over the last two years. Leaders at Highland Capital believe that the new fund strategy falls in line with the organization’s talent and skill set. The company has invested heavily in healthcare and has a track record that goes back over 15 years.
Highland Capital Management is a Dallas Texas based organization. It has an affiliate called Highland Capital Management Korea Ltd. Highland Capital Management Korea Ltd secured a private equity fund that is worth 147 million dollars in total commitments. The primary investor is National Pension Service of South Korea. National Pension Service is estimated to be worth between 472 to 490 billion dollars. Highland fund investors of National Pension Service Korea are focused on definitive objectives regarding healthcare, as well as investment returns. The company desires access to the potential of co-investments for the purposes of serving their long-term plans in China, Korea and the United States. Read this article at investopedia.com.
Middle-market companies will play a large role in North America and Asia. More than 1.5 billion in Healthcare assets under management (AUM) were reported by Highland. This analysis covered many different asset classes and structures. There are a number of concerning forces that will affect companies in the middle market according to managers at Highland Capital. The demographic known as “Graying”, along with increased ability to acquire services in Asian countries is driving usage rates to higher levels. It creates complex dynamics on consumers and government regulators within the sector. Each of these factors present great opportunities for healthcare investors.
Highland Capital Management is one of the World’s largest and most experienced alternative credit managers. The company was founded in January of 1990 by James Dondero and Mark Okada. They developed a joint venture that specialized in fixed income markets with Protective Life Insurance Corporation. In 1993 the arrangement evolved into Protective Asset Management Company. Mark Okada and James Dondero purchased Protective Life’s stake in the company in May of 1997. The duo then performed Ranger Asset Management L.P. Ranger Asset Management LP later became known as Highland Capital Management. Visit hcp.com to know more.