In February of this year, Linda Owens joined the auspicious family of Highland Capital Management in the role of Charitable Giving Manager. Highland Capital Management is an impressive organization that manages well over $15.4 billion in assets. It was initially founded by James Dondero and Mark Okada in 1993 and stands among the biggest and most knowledgeable managers of global alternative credit.
Linda had spent time as the president of the Woodall Rodgers Park Foundation and is well respected in philanthropic circles. With her in-depth knowledge of the Dallas area and a track record that shows incredible effectiveness, she’s surely an excellent choice to spearhead this aspect of their business. Highland Capital Management has always placed a solid emphasis on working with the community. Their investments include the areas where their employees live and work, and believe that volunteerism, financial donations to community organizations, and advisory board involvement are all vital to the success of these efforts.
Highland Capital Management’s efforts are international, and they’ve recently closed a healthcare-focused private equity fund with a value of $147 million. South Korea’s National Pension Service( NPS) serves as the anchor investor in this healthcare based fund. It was originally created in 1988 and now has a value of $499.8 billion. This fund was developed with the purpose of having specific objectives while maintaining positive returns on their investment. This ambitious venture serves as Highland’s first step into the Asian equity fund market.
This new direction is promising both for Highland Capital Management and the NPS, given that there is a rising need and availability of healthcare services in Korea. For investors, this also can provide some security in the face of multiple disruptive forces currently affecting the middle market of the U.S. Healthcare industry. Matt Jameson states “The demographic ‘graying’ of America and increased access to healthcare services in Asia are driving greater utilization levels… These factors combined with the evolution to value-based reimbursement models create significant opportunities for healthcare investors.”
Linda Owens has a significant challenge ahead of her in handling the charitable angle of Highland’s work, but given her background and the ambitions of the organization she’s joined, there’s little doubt that the future is going to be bright for investors and Highland Capital Management alike.