The Collateralized Loan Obligation Leader Highland Capital
Highland Capital Management is a multi-billionaire capital management company. The company headquarter is in the Texas town of Dallas. It also has offices in Sao Paulo, Seoul, New York, and Singapore. The company is in United States security exchange commission list. Highland Capital is one of the world’s biggest and oldest alternative credit management company. The company focuses on credit services delivery including separate account and long-only funds, hedge funds, collateral loan obligations, and special situations private and distressed equity. The company further provides alternative investments such as short/long equities, emerging markets, and natural resources. Its diversified customer base encompasses foundations, corporations, fund of funds, high-net-worth persons, public pension programs, endowments corporations, government, and financial institutions.
Highland Capital began in 1990 as a partnership by Mark Okada and James Dondero before its merger with Protective Life Insurance Corporations. The merger helped the company to focus on fixed income markets such as senior secured bank loans management. Later, the company changed its name to Protective Asset Management Company and registered with security exchange commission under a 60-40 ownership arrangement by Protective Life and its founders. The prolific performance of the company after 1997 gave its founders Mark Okada and Dondero the capital to purchase the shares of Pan Life for a full ownership of the firm and renamed it as Ranger Asset Management before adopting its current name in 1998.
Highland Capital Management success rests in the able leadership of its co-founders Mark Okada and James Dondero. Their visionary leadership steered the company to the commingled loan fund market and further saw it establish a 40Act alternative investment platform. Under Dondero and Okada leadership the company further stretched its wings to the mutual fund business after acquiring Columbia Asset Management’s rate funds. The company continuously expanded in the wake of the second decade of the 21st century culminating in the launch of its international offices in Singapore and Seoul in 2008 and 2011 respectively. Highland further inaugurated the collateralized loan obligation (CLO as a new investment portfolio in the financial industry. The company’s pioneer portfolios also include non-bank CLO launched in 1996. Since its inception, the CLO portfolio revenue accumulated to more than $30 billion with Highland commanding the biggest share of the global CLO market.