Highlands Capital Management is an investment firm focusing on structured investments, fixed income, public equity and distressed investment funds. According to the latest SEC filings, the company’s portfolio was valued to about $2.44 billion. Based in Dallas, Texas, the company was co-founded by James David Dondero in 1993.
James David Dondero serves as the President and Co-founder of Highland Capital Management, L.P. Having accrued over 30 years’ experience in the credit market, James Dondero is an expert in investment grade corporates, high yield bonds, leveraged bank loans, emerging market debts, mortgage-backed securities and common stocks. Before founding Highlands Capital Management, James served as a chief investment officer of GIC, a subsidiary of Protective Life, a business he helped expand its revenue base to over $2 billion.
Recently, Highland Capital Management, L.P raised their position in Nexpoint Credit Strategies Fund by acquiring more shares, moving their total holding in the company to 793,036 shares. This brings Highland Capital Management total holding to five percent of the total shares held. This new acquisition moves Highland Capital Management to be the second largest shareholder in Nexpoint Credit Strategies Fund only behind Morgan Stanley with a $16.77 million worth of Nexpoint Credit Strategies Fund shares.
Nexpoint Credit Strategies Fund is a closed-end fund which is ranked among the top ten closed-end funds in the market. The fund aims at earning income and capital appreciation by investing in below investment grade equity and debt. In March 2016, the fund was turned out into two separate public trading companies, Nexpoint Residential Trust Inc. and Nexpoint Credit Strategies Fund. Even after the two different groups were formed, Nexpoint Credit kept acquiring real estate assets through affiliated REITs and Highland Real Estate Capital REIT. Most of these acquired holdings are affiliated holdings, under the name of Highland Capital Management or its co-founder, James Dondero.
James David Dondero attended the University of Virginia where he graduated with a BS in Commerce with an emphasis on accounting and finance. He is a Certified Managerial Accountant and a practicing Chartered Financial Analyst. Mr. Dondero also serves as the chairman of Cornerstone Healthcare Group, CCS.