Highland Capital Management Korea is one of the affiliates of the Dallas based firm of Highland Capital Management. They have closed a private equity fund based on health care with capital commitments totalling $147 million. The National Pension Service of South Korea served as the anchor investor regarding the fund. The value is roughly $499.8 billion and the participating investors have specific goals in health care and investment returns. This includes the access for their co-investment concerning their objectives for the United resources, long, andStates, China, and Korea.
The Highland affiliate in Asia is working with Stonebridge Capital to co-manage the fund. This is the first Asian private equity fund in the healthcare field for Highland Capital Management. The interest by the Asian investors has increased in this sector for the past two years with most investments being made with multi-purpose or direct basis funding.
According to Carl Moore, Highlands managing director, the firm’s core capabilities are well aligned with their strategy for the fund. They are using Highlands experience and expertise in the healthcare sector to achieve their goals. The firm’s biggest exposure is in the healthcare field with over fifty percent of their fifteen year track record in the area of private equity relating to the healthcare companies.
The middle market healthcare companies in both Asia and North America are the funds primary targets for investments. Highland has reported in excess of $1.5 billion in healthcare assets in May of 2017 including fund structures and multiple asset classes. The managing director regarding private equity for Highland Capital Management is Matt Jameson. He believes the health care companies in the United States are facing disruptive forces affecting the companies involved in the middle market. He has stated access to healthcare in America has been grayed by the demographics with the sector and seeing more government and consumer demands. He feels these factors are creating more opportunities for investors in healthcare.
Highland Capital specializes in credit strategies including collateralized loan obligations, special situation and distressed private equity, separate accounts, long-only funds and credit hedge funds. Highland Capital additionally offers alternative investments such as natural resources, long and short equities and emerging markets.