Highland Capital Management is one of the most prominent companies in the Dallas area and is known among the business community for professional investment management strategies that are directed both locally and internationally. Their group of alternative credit managers have historically emphasized investment in emerging markets, credit hedge funds, long and short equities, and natural resource funding. But, according to founders James Dondero and Mark Okada, Highland Capital Management is now preparing to add real estate equities to the outstanding line of successful business strategies. This is a move that will interest many who are currently in the process of rebuilding much of Texas that has been ravaged by recent catastrophic weather events.
The addition of real estate development to the list of core investments for Highland Capital Management is actually a project that Dondero had wanted to begin following the boom of the 70s that ended in the 80s, forcing Dondero to enter the bond market as an alternative. During his early career in the 1980s following graduation from the University of Virginia, Dondero was a Corporate Bond Analyst and Portfolio Manager at American Express.
Dondero established Highland Capital in Dallas in 1993 along with partner and company Chief Operating Officer Mark Okada, which began the run of success that is now reflected by the company’s exponential growth. They have a management portfolio in excess of $15 billion and have satellite offices in New York, Sao Paulo, Singapore, and Seoul, even though they are headquartered in Dallas.
Highland Capital Management is also highly recognized as a major philanthropic organization in the North Texas area, and Dallas in particular, as they have a separate division of the company evaluating specific charitable giving needs within the region. They recently made a sizable contribution to the Dallas Zoo by funding construction of a combination structure that serves as a special functions and educational activities building operating in combination with the new hippo reserve area that opened earlier this year.