The Bid of Highland Capital Management in the Healthcare Sector of South Korea

Highland Capital Management is a leading investment management firm and credited as one of the best credit managers in the world. It has captured significant success in various economies around the world and has a global footprint. In a recent development in South Korea, the investment management firm’s South Korea affiliate recently closed a healthcare-based private equity fund worth $147 million capital commitments. Interestingly, the National Pension Service or NPS of South Korea is the anchor investor in the newly designed fund. NPS has nearly $499.8 billion under its management as per the recent estimates. Read this article at PR Newswire.

The investors of the new fund under the managed by Highland Capital with the support of NPS has clear goals in the healthcare sector along with assured investment returns. It would provide co-investment opportunities for the investors to achieve their strategic objectives in the U.S., South Korea, and China. Interestingly, Highland Capital would work closely with Stonebridge Capital, a venture capital and equity firm based in Korea, and co-manage the funds. The fund is a landmark for Highland Capital in Asia as it is the firm’s first healthcare equity fund in the continent. Until recently, the company was fully focusing on multi-purpose and direct basis funds. Read this article at Dallas News.

The management of Highland Capital communicated that the fund would be distributed based on the core capabilities of the firm. The managing director of the company, Carl Moore, confirmed that Highland Capital has deep expertise in healthcare equities which is spanning beyond 15 years. Highland Capital confirmed that the primary target in investments of the fund is middle market healthcare sector firms in Asia and North America. Interestingly, Highland Capital holds over $1.5 billion worth healthcare assets under the management of the company. The management feels that demographic greying in the American healthcare market gives more opportunities and demand in Asia.

Highland Capital Management was founded by James Dondero partnering with Mark Okada in 1993. It grew as one of the biggest alternate credit management firms over the years with specialization in credit hedge funds, distressed private equity, special-situation private equity, and more. Today, it manages assets worth $15.4 billion under its management.


Timothy Armour

In an attempt to lead by example and teach using the “hands on” method, Warren Buffet bets that he can yield better returns highhandedly through S&P 500 investing than a gang of hedge fund managers. Of course, there are always ambitious upstarts and hungry lions within a pride ready to take down the Alpha. The wager takes place over the fiscal year of 2017. The smart money is on Buffett for the win. Or, is it?

His recipe for success, for the most part, remains the same. It is all about finding a bargain using the long view. And, that means dumping under achieving mutual funds and getting to know the details of passive investments. But on the other hand, insiders are questioning the traditional wisdom that rests on the old steady passive gains. They hold these reservations due to the new and steady growth of economies overseas such as the Chinese market in the international arena. Some naysayers believe this growth is just a flash in the pan. It used to be a time when the same thing was said about the US dollar catching up the UK pound. Just look how that came out. The point is that there are still many methods of seeing returns on an active investment. The trick is to look closer at both domestic and international markets and make a comparison to get a feel for the action instead of relying on old cache values.

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For example, when the Dow Jones takes a fall because something like the Shanghai Composite pulls the rug out from under it, financial experts should at least have a conception of what is going on. In other words, investment managers need to have a plan or at least the ability to make level-headed decisions on the fly. This allows them to make a decision to either ride out the storm or reconstruct infrastructures to slow or stop losses.

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