Highland Capital Management Consolidates its Presence in South Korea

About Highland Capital Korea Limited

Highland Capital Management Korea Ltd., is a business unit of Dalla-based wealth management firm, Highland Capital Management. Recently, the firm has closed a $147 million healthcare-focused private equity in total capital commitment. The fund would be administered by South Korea’s National Pension Service (NPS). Founded in 1998, NPS values at $499.8 billion whereas the Sovereign Wealth Fund Institute values it at $465.13 billion.

Besides investment returns, those who invest in Highland Capital Management through NPS have specific objectives within the healthcare landscape. That includes access to investment opportuniries to serve their strategic objectives in China, the US, and Korea. Highland Capital Management will team up with Stonebridge Capital, a private equity firm to co-manage the fund in Asia. Stonebridge Capital is Highland’s first healthcare-oriented private equity fund in Asia. Although Asian investors have expressed increased interest in healthcare-oriented private equity during the past two years, most of the investments are made via multi-purpose funds or on a direct basis.

The fund’s strategy aligns with Highland Capital Management’s competencies, drawing on the firm’s extensive experience in healthcare industry. Healthcare is Highland Capital Management’s largest industry exposure. In fact, the firm’s over 15-year track record in private equity is healthcare-oriented. Its investment targets middle market healthcare companies in Asia and North America. As of May 2017, Highland Capital Management had over $1.5 billion worth of healthcare assets under management. According to Matt Jameson, Highland Capital Management’s co-head and managing director of private equity, the U.S healthcare industry faces numerous disruptive forces, which might acutely affect middle market companies.

Increased access to healthcare services throughout Korea and Asian countries is driving greater utilization level and more demands on the sector. Combination of these factors with value-based reimbursement models creates opportunities for aspiring investors in the healthcare sector. Approximately, Highland Capital Management has $15 billion worth of assets under management. Highland specializes in the formulation of credit strategies such as long-only funds, CLOs, special situation private equity, and distressed accounts. Besides, Highland Capital Management offers alternative investment opportunities such as natural resources, equities, and natural resources.

Find more information on Highland Capital Management by following them on Twitter @highlandcapmgmt

Leave a Reply

Your email address will not be published. Required fields are marked *