Highland Capital Management, L.P. is a thriving investment advisor registered by the Security Exchange Commission (SEC). The company is currently managing more than $12 billion in assets. The company has grown into one of the world’s most experienced, as well as the largest alternative credit managers. Highland Capital focuses on credit strategies including collateralized loan obligations (CLO), private equity, long-only funds and separate accounts and credit hedge funds. The company serves a diverse range of clients including governments, financial institutions, foundations and endowments, public pension plans, high net worth individuals and fund of funds.
The company maintains its main office in Dallas, Texas with offices in Sao Paulo, Seoul, Singapore, and New York City. The company originated in early 1990 when Mark Okada and James Dondero and partnered and established a partnership with PLIC (Protective Life Insurance Company). This particular company focused on fixed income markets and senior secured bank loan management.. The company became PAMCO (Protective Asset Management Company) that was registered with the SEC. The company was owned by the founding partners, Dondero and Okada and Protective Life at 40 percent and 60 percent respectively.
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As the company grew and prospered, Okada and Dondero bought out Protective Life’s share in PAMCO. The new venture was established as RAM (Ranger Asset Management) and became an independent SEC registered advisor. RAM changed its name to Highland Capital Management, L.P. in 1998. In 2000, Highland established an alternative investment 40 Act platform and the commingled bank loan fund.
By 2004, Highland Capital was expanding its product line and entered the mutual fund business. They acquired two floating rate funds to accomplish this goal. The funds were acquired from Columbia Asset Management. Highland established the CLO (collateralized loan obligation) by launching the first non-bank CLO’s. Highland has become the largest CLO manager in the world by structuring and monitoring more than 39 CLO’s for a total of $32 billion. Read more at bloomberg.com.
With more than 20 years of experience, Highland currently employs a team of more than 180 employees located throughout the world. Highland is committed to delivering value with its range of products that are unique. The company also explores new opportunities and works to protect its client’s assets.