Highland Capital Management was formed in 1990, with James Dondero and Mark Okada as Partners in collaboration with Protective Life Insurance Corporation. HCM is an investment firm which also acts as a prime credit manager. The stakes were to be owned 60% by Protection Asset Management Company (PAMCO) and 40% for the two partners in 1997. Later they bought all the shares of PAMCO and got SEC registration. Initially, it had the name, Ranger Asset Management L.P. It would later be rebranded as Highland Capital Management.
HCM specializes in advancing credit, equity, real estate, health care, structured products and managing distressed, special situations. In 2000, the firm launched a loan fund and an investment 40 Act platform. In an expansion, the firm has acquired two floating funds from the Columbia Asset Management and has opened offices in Singapore and Seoul in 2008 and 2011 respectively. HCM has become popular in excellent service delivery that meets the market demands.
One of the HCM’s achievements is in the NexPoint fund’s subscription. The subscription raised $269 million from the shareholders. NexPoint Credit Strategies closed a fund at $400 million and an increase of 20.69% from the previous year and 18.79% in the last five years. To enlarge the market In CLO leadership, HCM has controlled approximately $30 million of CLOs/CDOs.
It has over 20 years of operation since 1993, with a staff of 180 around the world. It has since its inception is has opened many subsidiaries in New York, Sao Paulo, Singapore, and Seoul. It is based in 300 Crescent Court Dallas, Texas. It protects investor’s capital and pursues new business opportunities to corporations, financial institution, organizations and government agencies.
The range of products targets investors are in institutions and retail markets. It uses low-cost alternatives strategies in equity and credit management. The emergent market opportunities, HCM is pursuing IS IN oil and gas funds, Credit hedge funds, private equity funds, market credit funds and equity funds both in the short term and in the long term. Partnerships with other investors have helped HCM raise over $250 million in assets.