Linda Owen Is Now Highland Capital’s Charitable Giving Director
Highland Capital Advisors is one of the top-ranked private equity firms in the Dallas area and has delivered quality products for institutional investors and major corporations. But they also are the parent company to the Highland Foundation which partners with the Dallas Foundation, and they recently appointed Linda Owen to manage their philanthropic branch. Linda Owen was the former head of the Woodall Rogers Park Foundation and managed new recreation center developments across Dallas, and she’s also had extensive experience working for non-profit groups. Highland Capital CEO James Dondero said that Owen’s ability to build relationships and ability to direct will be invaluable to the foundation.
Highland Capital has been offering high-yield private equity funds for over 20 years and currently oversees $15 billion in assets under management. Their team of portfolio managers bring unique strategic approaches and the firm has been famous for turning around large corporations on the verge of bankruptcies, some of which Warren Buffet had lost money trying to do so. They also have utilized collateralized loan obligations throughout their years, a kind of investment that combines both high-risk and low risk bonds to fund businesses in high-risk fields. Highland Capital has holdings across all kinds of industries such as real estate, healthcare, investment banking and fixed income funds.
Highland Capital’s CEO James Dondero has been instrumental in building the firm’s portfolio along with CIO and co-founder Mark Okada. Dondero came to Highland Capital after managing the credit department for American Express, and Okada had been an advisor to Hibernion National Bank. They both worked for Protective Life’s Asset Management company and grew a GIC company from scratch to having over $2 billion in AUM. By 1998, Dondero and Okada had bought out the GIC company and renamed it to Highland Capital Advisors, LLC. Dondero and Okada are also on the board of Nexpoint Advisors and other affiliates, and both also serve as special advisors to Southern Methodist University’s Cox School of Business graduate program. Highland Capital’s philanthropic initiatives have supported Uplift Education, the Family Place, the Perot Nature Museum and other educational and healthcare endeavors.