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 prominence for designing the first software to electronically track loan portfolios, which it later sold to JPMorgan Chase in 2003. Since its inception, the firm has expanded into mutual funds and the European market through various acquisitions, including Columbia Management Advisors' bank loan business and ING Capital Management.

The firm focuses on global public equities and fixed income markets, with specific expertise in leveraged loans, high-yield bonds, and structured products. Highland has a history of involvement in high-profile bankruptcies and reorganizations related to distressed debt investments, such as those involving Bridge Information Systems and Delphi Corporation. Despite its historical growth, the firm filed for Chapter 11 bankruptcy protection in October 2019.

Highland operates through several subsidiaries and vehicles, including Highland Capital Management Fund Advisors, which manages equity, fixed income, and balanced mutual funds. The firm is also a notable philanthropic entity in Dallas, serving as a founding benefactor of the George W. Bush Presidential Center.