The Dallas-based investment firm Highland Capital Mangement gained another feather in its cap with its affiliate firm NexPoint Advisors managing to raise $269 million through a rights issue of its shares that was oversubscribed by a whopping 233 percent.
The actual offer to existing shareholders was to subscribe to some 5.3 million shares. NexPoint Credit Strategies happens to be a $400 million closed-end fund that has been generating fairly decent returns over the last two years. The fund whose top holdings are TerreStarr Cor and Weight Watchers has brought much joy to Highland Capital in the shape of the good response to the rights issue.
Apart from its sterling successes in the financial markets, Highland Capital Achievers spends a fair amount of money on social initiatives as well. A case in point is its recent hosting of Mother’s Day celebration for The Family Place at the Dallas Zoo, a gesture which went down very well with the community.
Highland Capital’s leadership, both in the fields of business and community initiatives is in keeping with the company’s core philosophy of striving for excellence in whatever they take up. It is the same philosophy that has seen the independently owned investment firms scale great heights in the twenty years of its existence.
Today the firm employs an expanding team of 180 employees around the world. Headquartered in Dallas, they have offices all over in New York City, Sao Paulo, Singapore, and Seoul. Highland Capital have a very diversified roster of clients encompassing genres like financial institutions, pension plans, foundations and endowments, governments and high net worth individuals and so on.
With an inspiring leadership at the helm motivating the team to deliver their best, this is one firm, whose ascent to the top is assured. The coming times are sure to see them make headlines similar to the one about the NexPoint rights issue on a pretty consistent basis. Their rise over the last twenty years is a textbook case of how an investment firm makes a highly respected brand name for itself. Indeed Highland Capital today is a name to reckon with.