Highland Capital, the investment management firm headquartered in Dallas, Texas, has announced a new collaborative healthcare fund with the backing of their South Korean affiliate.
Highland Capital Management Korea Ltd. and Highland Capital have launched the private equity healthcare fund with an impressive $147 million in starting capital. This is only a drop in the bucket when compared to the estimated $499.8 billion worth of Nation Pension Service (NPS), the South Korean anchor investor that is standing behind the lucrative deal.
Rather than putting all their eggs in a single country’s basket this fund is meant to benefit the interests of the United States, South Korea and China, making it a multi-national powerhouse. It is the first healthcare based investment by Highland Capital on the Asian continent and has been praised by entities from all three sectors.
Highland Capital’s Matt Jameson spoke about the aims of the fund in terms of its impact on the middle market. With the US’s healthcare system in a strange flux there is an increasing pressure to stabilize what he calls “disruptive forces” within that section of the market.
Asia as a whole is also experiencing a shift in their healthcare economy. The widening of health services include unprecedented access across the entire population. Much of that population is aging, just as it is in the United States. This, alongside unique profit models, make it an ideal time to move towards healthcare funds for investors across the globe.
Health equities are nothing new for Highland Capital, which has spent the past fifteen years increasing their strategies to include the healthcare market.