Highland Capital Management

Founded in 1993 by James Dondero and Mark Okada, Highland Capital Management is a Dallas-based alternative investment firm. The firm gained early recognition for developing the first software to electronically track loan portfolios, a technology it later sold to JPMorgan Chase. Its early growth was marked by strategic acquisitions, including the bank loan mutual fund business of Columbia Management Advisors and ING Capital Management, the latter of which facilitated its expansion into the European market.

The firm focuses on a wide range of investment products, including hedge funds, structured investment vehicles, and mutual funds. It has a significant history in the distressed debt space, participating in high-profile reorganizations such as those for Bridge Information Systems and Delphi Corporation. Beyond its financial activities, Highland is a known benefactor of the George W. Bush Presidential Center. In October 2019, the firm filed for Chapter 11 bankruptcy protection.