Highland Capital Management Launches a Private Equity Fund in Asia

Highland Capital Management Korea is an affiliate of Highland Capital Management, a Dallas-based wealth management firm. It has recently committed $147 million for its closed healthcare-focused private equity fund. The anchor investor of the fund is the National Pension Service in South Korea. The investment management firm was incepted in 1988. It currently stands at a value of KRW 565 trillion.

Besides investment returns, Highland Capital Management has specific interests in healthcare sector. It intends to increase access to opportunities for co-investment and help its clients achieve their goals in the US, China, and Korea. In Asia, Highland will co-manage its fund with Stonebridge Capital, an accomplished venture capital firm in Korea. It will be Highland’s first healthcare-oriented fund in the Asian market. Over the past few years, Asian investors seems to be interested in the healthcare-oriented equity fund. In fact, Asian investors now invest on a monthly basis. Learn more about Highland Capital at Crunchbase.

The strategy of this healthcare-oriented fund aligns well with Highland’s core capabilities. In fact, the fund draws Highland’s deep expertise in the healthcare industry. According to Carl Moore, Highland’s private equity group managing director, healthcare is Highland Capital Management’s most extensive exposure in the healthcare sector. Nearly half of Highland’s practice in capital markets relates to healthcare. The fund targets middle-market healthcare investors in Asia and the US. As of May 2017, Highland was responsible for more than $1.5 billion in healthcare-related assets. These assets included fund structures and various asset classes. According to Matt Jameson, Highland Capital Management’s head of private equity, the middle-market companies are acutely affected by numerous disruptive forces that hit the US healthcare industry. Read more at bloomberg.com.

Over time, increased access to quality healthcare will drive greater utilization levels in the Asian market. That will result in increased demand on the Asian healthcare sector. If these factors combine with the evolution of value-based reimbursement models, opportunities for investors in the healthcare sector will increase significantly. Highland Capital manages approximately $1.5 billion worth of healthcare assets. The firm specializes in collateralized loan obligations, credit hedge funds, and individualized private equity. It also offers alternative investments in form of natural resources and emerging markets.

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