Highland Capital Management, founded by partners James Dondero and Mark Okada in January 1990, is a world recognized leader as an independently owned investment firm. With over twenty years of experience, now on a global scale, the company is involved in a broad range of products for both institutional and retail investors.
Headquartered in Dallas, Texas, Highland has a network of offices in New York City, as well as international office locations in Singapore, Seoul, and Sao Paulo, Brazil.
Based on brilliant decision making by Dondero and Okada, the company has made a number of significant transactions that have led them to become international leaders in the market prior to the official renaming of the company to Highland Capital Management, L.P. in 1998.
In 1990, Dondero and Okada formed a venture specializing in fixed income markets, as well as the management of senior structured bank loans, with Protective Life Insurance Corporation as joint partners.
In 1993, their venture would grow and evolve, becoming the Protective Asset Management Company (PAMCO). This, an SEC registered firm, had minority ownership by Dondero and Okada, with the majority ownership held by Protective Life. These were the only two ownership groups in the company.
As the company was enjoying great prosperity by May 1997, Dondero and Okada elected to purchase Protective Life’s ownership in PAMCO, and went on to establish Ranger Asset Management, L.P., another independent advisor registered with the SEC. In 1998, the name of Ranger Asset Management was changed to Highland Capital Management. L.P.
Since the year 2000, Highland has continued to grow and diversify their interests, establishing a number of alternative investments as well making acquisitions of floating rate funds.
Currently, the company’s strategies include:
- Distress and Special Situations
- Emerging Markets
- Long/Short Equity
- High Yield Credit
- Real Estate
- Structured Products