This is a private equity insurance company that doesn’t trade in public yet with $147 million in total capital commitments. South Korea’s National Pension service is the main investor for the fund, investing at 565 trillion or ($499.8 billion), and the Sovereign Wealth Fund Institute states their corpus as $463.13 billion. Highland Capital has its first health-care oriented private equity funds in Asia. Investment targets of the firm will be middle-market health care companies in the United States and Asia, and from May 2017 Highland states their profit as $1.5 billion in healthcare assets under management (AUM), expanding multiple asset classes as well as fund structural arrangements. Read more about Highland Capital at prnewswire.com.
On the Nasdaq, Highland Capital Management has a stock quote of $72.94. Highland Capital Management was founded in 1993, by James Dondero, and Mark Okada, which became a widely-known global alternative credit management company. Highland is headquartered in Dallas, Texas. Highland Capital manages $15.4 billion in funds. Highland Capital seeks to make investments in pipeline partnerships where investments contribute to the fund’s total return since last year. The Highland Capital Small Cap Equity Fund is broken down into categories such as real estate 9%, Health Care 25%, Financials 10%, Energy MLP 16%, and Consumer Discretionary, 11%.
Health care stocks a Highland Capital employee named Michael Gregory likes, include addressing the public health opioid epidemic which Collegium Pharmaceutical Inc. is trying to address. Also known for pain-relief research is Pacira Pharmaceuticals, a company that produces a drug called Experel, a non-opioid pain reliever which is giving them over $200 million in sales. NexPoint Residential Trust is a company out of the multifamily real estate industry, which is managed by Highland but that does not hold in the Highland Small Cap Equity fund.
Independence Realty Trust Inc, is a real estate firm that holds a similar strategy to NexPoint. Jernigan Capital Inc. invests in self-storage facilities for people who move around a lot, in cities like Dallas, San Antonio, Nashville and Austin. Other companies using Highland Capital Management include Western Gas Equity partners, yield at 4.08%, Andarko Petroleum Corp, and Tesoro Logistics whose yield is 6.36%. 2016 was a big year for small-cap stocks and Highland Capital Management was no exception. Visit highlandcap.com to know more.