Highland Capital Management, L.P., which is located in Dallas, Texas, is a multi-billion dollar alternative investment management firm. In 2017, its affiliate, Highland Capital Management Korea Ltd., invested in a healthcare-focused private equity fund. This private equity fund consisted of $147 million in total financial obligations. Read this article at investopedia.com.
Investors in Asia are noted to have very focused needs when it comes to investing in healthcare funds, like the Highland Fund and NPS Korea. In Asia, Highland Capital will work with a Korean private equity and venture capital firm, Stonebridge Capital. The role of Stonebridge Capital will be to co-manage the Highland Fund.
For Highland Capital Management, this is their first investment in Asia concerning healthcare-related private-equity funds. While most of the investments, until recently, were a direct-basis or by way of multi-purpose equity funds, investors in Asia have exhibited an increased attention concerning the healthcare sector. And this keen focus on healthcare-related funds as an investment has only been relevant in the last two years. Visit hcp.com to know more.
Matt Jameson, who is the managing director of equity at Highland, stated that the healthcare industry in the United States is encountering a battery of disruptive factors that acutely affect firms in the middle market. Jameson also quips that with an aging (graying) American demographic, along with an accelerating access to healthcare services in Asia, there is a ramping up of some utilization levels. There are also more complicated consumer and government demands in the health-care sector, according to Jameson. Mr.Jameson also quipped that these key factors concerning health-care futures, combined with the evolution to value-based reimbursement types, produce key opportunities for new and future investors.
Michael Gregory, who has had success with his energy-stock picks, boosted the Highland Small Cap Equity Fund by almost tripling the return of the S&P 500 Index in 2016. In terms of future strategies and making investments in the healthcare sector, Gregory noted in 2017, that heathcare funds, which were once disfavored, face the possibility of a very strong rebound. Michael Gregory is currently the Managing Director and the Head of Healthcare Credit. And this also includes Healthcare (Long/Short) Equity investment strategies at Highland Capital Management. Mr. Gregory had prior financial experience working as a Partner at Sands Point Capital Management LLC.
Founded by Jim Dondero and Mark Okada in 1993, Highland Capital includes separate accounts, distressed and special private equities, and collateralized loan obligations (CLOs). Highland also handles mutual funds, ETFs, and a client base, which includes public pension plans, foundations, corporations, endowments, government, and high-net worth clients. Highland Capital Management has offices in New York, Sao Paulo, Buenos Aires, Singapore, and Seoul.