Recently, Highland Capital’s South Korean subsidiary developed an innovative private equity fund worth $147 million. The healthcare-focused fund will be availed to the public through the National Pension Service (NPS)of South Korea.
NPS was incorporated in 1988. The corporation is valued at over $499.8 billion. However, the Sovereign Wealth Fund Institute valued the firm at $465.13 billion. The fund is expected to attract investors who have vested interests in the expansive healthcare industry. For instance, investors may be seek for co-investments that satisfy their utilities in the US, China, and Korea. Highland Capital Management has chosen Stonebridge Capital to serve as the fund’s co-manager in Asia. Stonebridge is a renowned venture capital and private equity company based in Korea.
Highland Capital Management founded the private equity fund to serve as its first healthcare-oriented fund in Asia. Previously, Asian investors, who were interested in the healthcare sectors, had to make direct investments. They also used multi-purpose funds to invest in the competitive industry.
Carl Moore noted that the fund’s strategy is well aligned with Highland Capital’s principal capabilities. It will benefit from the firm’s experience in the healthcare sector. Moore is a senior director of the successful private equity group. He added that Highland Capital’s previous private equities are hedged on healthcare companies.
Notably, the private equity fund shall focus on the middle market healthcare corporations in Asia and North America. This strategy will enhance the healthcare’s asset base. The previous investments include multiple classes and fund structures.
Speaking at the same event, Matt Jameson pointed out that the disruptive forces that occur in the US healthcare industry affects middle market companies. The managing director of Highland’s private equity fund said that the healthcare industry is affected by government demands, the number of people who benefit from healthcare services in Asia, demographics ‘graying’ of America, and value-based reimbursement models. He added that these factors create excellent opportunities for healthcare investors.
Highland Capital Management is a Dallas-based international investment bank. Under his leadership, the company has been on a growth trajectory. This is because they offer world-class products and services. The investment bank has over $15 billion in assets under its management. Highland Capital Management offers innovative financial services such as long/short term equities, structured products, high yield credits, health care investment, and emerging markets investments.