Highland Capital Management Korea Ltd closed a private equity fund with $147 million in total committed capital. The fund focuses on healthcare. The South Korean subsidiary of Highland Capital Management worked closely with the National Pension Service (NPS) from South Korea. NPS was the anchor investor for the fund. National Pension Service was established in 1988. It is valued at over KRW 565 trillion, which is equivalent to $499.8 billion. Sovereign Wealth Fund values NPS at over $465.13 billion.
The Highland fund will provide investors with the opportunity to have specific objectives within the region’s healthcare space. Such opportunities include co-investment in Korea, China and the US. Highland Capital Management announced that it had appointed Stonebridge Capital to co-manage the fund in Asia. Stonebridge Capital is a South Korean private equity and venture capital institution.
The recently closed fund is Highland Capital’s first healthcare-oriented private equity fund targeting Asia. The fund was launched in response of the increasing interest from investors in the healthcare sector. According to the company, more investors have been targeting the sector in the last two years. However, the company has been providing these investors with direct basis funds or multi-purpose funds. This new fund will provide investors with the most innovative way of investing in the health care sector.
Carl Moore noted that the fund is in line with the company’s core abilities. He pointed at Highland Capital Management’s extensive expertise in the healthcare sector. According to Carl, the managing director and co-head of Highlands’ private equity group, healthcare has remained the company’s core focus. By virtue of being in operation for 15 years, the entity has delivered unmatched services in healthcare private equities.
The managing director attributes the success of the healthcare sector to the ‘graying’ American population. Increased access to healthcare services in the Far East has also contributed to the growth of the sector. Moreover, value-based reimbursement models are creating the right opportunities for investors interested in investing in the healthcare sector.
Highland Management Capital is an international investment institution focusing on providing investors with investment opportunities. James Dondero and Mark Okada are the brains behind the successful corporation. The two financial experts have continued to provide transformative leadership at the corporation. The company’s products and services include high yield credit, long/short equities, healthcare solutions, structured products, and distressed and special situations.
For the most up to date information follow Highland Capital Management on Twitter.