Highland Capital Management is based in Dallas, Texas. The firm has had over 15 years of experience in private equity, relating to healthcare companies within the industry. Recently, in May 2017, Highland Capital closed a deal with a South Korea, utilizing the investors of the South Korea National Pension Service. The deal involves a $147 million dollar fund, investing in healthcare firms and government structural needs. Highland Capital Management Korea Ltd. Is an affiliate of the U.S. Based firm. As an anchor investor, the NPS of South Korea, established in 1988, has been valued at over $450 billion dollars.
Highland Capital Management’s expansion into South Korea, is the first healthcare-oriented private equity fund for the company in Asia. Korean firm Stonebridge Capital, a qualified private equity and venture capitalist firm, will co-manage the fund, alongside Highland. Highland was recognized for its successful leveraging of energy stocks in 2016, when oil prices hit rock bottom. Investors with Highland saw a benefit of 32% return on their investment. As the market trends have pointed toward increasing lucrative options within the healthcare sector, making connections with South Korea was inevitable.
Highland Capital Management has reported over $1.5 billion in assets under management. The firm seeks to target its primary investment with middle market healthcare groups located within North America and Asia. The managing director and co-head of private equity, Matt Jameson, has noted the “disruptive forces that acutely affect…the middle market,” according to Deal Street Asia. As the demographic served by healthcare services in America is aging, the increased healthcare access in Asia is driving greater consumer and government demand alike. Michael Gregory, the Chief Investment Officer for Highland Capital, noticed the signs that a “tremendous rebound” was imminent, regarding the healthcare sector for 2017, back in 2016.
In addition to hedge funds and long-only accounts, private equity, emerging markets, and natural resources are also some of Highland Capital Management’s offerings to clients.