Highland Capital had a very good month of May in 2017. The investment management firm closed a deal worth $147 million in total capital commitments. South Korea’s National Pension Service (NPS) is the largest backer of the healthcare-focused private fund. The anchor investor was established in 1988 and is now valued at nearly $500 billion. Visit hcp.com to know more.
Highland has received a lot of funding from reputable organizations based in Korea. Stonebridge Capital will co-manage the fund. Stonebridge is a Korean private equity and venture capital firm. Each investor has their own agenda within the healthcare space, Whether it deals with investment opportunities or other objectives in Korea, China, or the U.S.
This fund is a huge step for the growth of Highland Capital. This is the firm’s first healthcare oriented private equity fund in Asia. Highland is probably starting this fund at the perfect time considering Asian investors increase in interest in the sector in recent years. Read more at bloomberg.com.
With all things considered Highland Capital couldn’t be happier about the fund. Highland Capital managing director Carl Moore strongly believes the fund’s strategy is completely compatible with Highland’s core capabilities and compliments the firm’s intuitive knowledge of the healthcare sector. This quality was especially important as most of the firm’s private equity has to do with healthcare in some capacity. The targets of investment for the fund are expected to be middle market healthcare companies spanning North America and Asia.
Highland Capital continues to expand its influence as one of the largest and most experienced global alternative credit managers.