Highland Capital is a private equity firm that’s been managing institutional investments since 1993, and they also have community initiatives run through the Highland Foundation. They just appointed a new manager to this branch of their company, the former head of Dallas’s Woodall-Rogers Parks Foundation Linda Owen. Highland Capital Chairman and CEO James Dondero said he recommended Owen because of her work building relationships between the Dallas business community and government programs, and her commitment to philanthropy. Prior to serving at the park foundation, Owen had also been involved in real estate development and management. Read more at Biz Journals about Highland Capital.
Highland Capital offers a variety of investment strategies based in alternative funds and various bonds. Their main funding source comes through collateralized loan obligations, and their strategies range across the spectrum of healthcare, long-short equity, fixed income funds, distressed companies and high-yield credit. They’re also affiliated with Nexbank and Acis Capital Management. Read this article at PR Newswire.
Highland Capital was founded by James Dondero and Mark Okada who both came to the company with experience in the credit departments of investment banks. Dondero had been with American Express for several years as a bond analyst, and Okada had served as Vice President of commercial banking at Hibernia National Bank. They had come to Protective Life to grow it’s GIC subsidiary into a strategic asset management company. Almost overnight it grew to having $2 billion in AUM, and in only 5 years this subsidiary actually outgrew its parent. Dondero and Okada renamed the company Highland Capital and today it has near $15 billion in AUM. Part of Highland’s charitable giving has gone to health organizations and educational buildings including the George W. Bush Library in downtown Dallas, and more recently the completion of a shelter facility for the Family Place, a domestic violence protection association.