Highland Capital management Korea, a subsidiary of the prestigious alternative management firm, Highland Capital Management (HCM), recently sealed a health-based private equity fund deal worth $147 million with the South Korea National Pension Fund (or NPS). This was the first Highland Capital’s healthcare-related private equity fund to be launched in Asia. Although many Asian investors have shown interest in the sector in the previous years, most potential investments made were either via multi-purpose funds or on direct basis. Read this article at PR Newswire.
The strategy of the fund is aligned to Highland Capital’s core capabilities, owing to their deep experience and expertise in the healthcare industry. By and large, healthcare is HCM’s biggest industry exposure and a bigger percentage of the company’s 15-year private equity track record relates to healthcare industry.
The fund will be co-managed by a Korean private equity fund firm, Stonebridge Capital, and the main investment targets will be middle market healthcare firms in Asian and North America.
Investors planning to invest in the fund are predicted to reap big due to a number of factors. To begin with, the healthcare sector in US faces numerous upsetting forces that negatively impact companies in the middle market. Additionally, the demographic ‘graying’ of the US and improved access to healthcare in Asia are not only driving high utilization levels but also complex government and consumer demands in the healthcare industry.
All these factors coupled with the emergence of value-based reimbursement models are going to create great opportunities for the fund’s investors. Besides investment returns, investors who are going to participate in the fund are going to fulfill certain objectives, including the opportunities to co-invest and serve their strategic objectives in Korea, US, and China. Read this article at Dallas News.
About Highland Capital Management
Highland Capital Management is an investment adviser firm with over $15.4 billion worth of assets under management. Founded in 1993, the company specializes in a wide range of credit strategies, such as credit hedge funds, collateralized loan obligations, long-only funds, special-situation and distressed private equity among others. Highland Capital also provides alternative investments services including long or short equities, emerging markets, and natural resources.