Dallas-based Highland Capital Management is one of the most successful hedge fund investment firms in the industry. Highland Capital has more than $16 billion in assets under management. Thanks to CEO James Dondero, and co-founder Mark Okada, Highland Capital has a $3 million annual philanthropic budget. Dondero decided to partner with the Dallas Foundation, the state’s oldest foundation, so that budget could be used to fund national and local nonprofit organizations.
James recently announced a $1 million challenge grant to help the Family Place complete its legacy Campaign. The Family Place is the state’s largest family violence service center. The Texas organization helps eliminate family violence through proactive prevention, extensive community education, intervention, assistance, and advocacy for victims and their families.
The Family Place has counseled more than 225,000 clients over the last 38 years. The Family Place provides shelter for more than 20,000 women, men, and children. Volunteers have answered more than 500,000 calls for help during that time.
The Highland Capital challenge grant will match 50 percent of all funds raised for the Legacy Campaign up to $1 million. The grant is in effect until the Legacy Campaign reaches its $16.5 million goal. The Highland Capital grant will make that goal a reality, according to a prnewswire.com article.
James Dondero has been investing in risky ventures for more than 20 years. He is considered an expert when it comes to investing in emerging markets. The firm’s recent investment in Argentina debt bonds is returning 25 percent annually.
Highland Capital has offices in Seoul, Sao Paulo, Singapore and New York, so global investment information is exchanged daily. Dondero also likes to invest in healthcare, energy, tech, and retail companies. Thanks to Dondero, Highland Capital has a very diverse portfolio.
According to The Dallas Journal, James Dandero and Mark Okada have established a diversified client base. Highland Capital’s clients range from private individuals to corporations, public pension plans, foundations, endowments financial institutions, and governments.
Dondero and Okada like to support other local nonprofit organizations through the Highland Dallas Foundation. The Family Place is just one of those organizations, according to a prnewswire.com article.