Highland Capital Management is based in Dallas. It is involved in alternative investment management. It has just closed a private equity fund that is focused on healthcare. There is a total of $147 million in capital commitments. The anchor investor for this fund is the National Pension Service (NPS) of South Korea. Read more at Biz Journals about Highland Capital.
It was in 1988 that this fund was founded. Today, it has a value of nearly KRW 565 trillion. The corpus is nearly $465.13 billion. The specific objectives of investors in the Highland fund are in the healthcare spaces. These include access to co-investment opportunities in Korea, China as well as the US. Highland Capital Management will be working with Stonebridge Capital in Asia for co-managing this fund. It will be the first private equity fund in Asia that will be focused on healthcare. Earlier, the Asian investors were investing through various multi-purpose funds.
The core expertise of Highland Capital is in the healthcare sector. Nearly half of their private equity is related to the healthcare companies. The primary target market for investment is going to be the middle market healthcare companies that are based in North America as well as Asia. Highland Capital had reported in May 2017 that they had over $1.5 billion with them as healthcare assets under management (AUM). These spanned across several asset classes as well as fund structures. In the US, the healthcare industry is facing several disruptive forces. All this is severely affecting the healthcare companies that are in the middle market.
Another fact remains, that there would be a much larger older population in America. Next, the access to healthcare facilities will enhance greatly in Asia. This means higher levels of utilization, along with complex demands of the consumer and government in this sector. All these factors along with the rise of reimbursement models that are value-based signify inviting opportunities for the investors in the healthcare industry.
Highland Capital specializes in credit strategies. These include credit hedge funds, besides long-only funds as well as separate accounts, along with distressed and special situation private equity and even the collateralized loan obligations (CLOs). Next, Highland Capital offers alternative investments too. This includes emerging markets, besides the long/short equities as well as the natural resources. Read this article at PR Newswire.