No stranger to bold investments and emerging markets, Highland Capital Management has finalized a 147 million dollar in capital commitments toward a brand new healthcare-specific private equity fund in South Korea. This 147 fund is anchored by the stable South Korean Pension Service and looks to provide a significant opportunity for investors both the United States and overseas.
Highland had originally established this fund due to requests from Asian investors. Because of the fun success in the United States, Korean customers believed that they two could benefit from the same investment strategy. That said, investors with the Korean Pension Service still require additional specific objectives beyond return on investment. This includes access to additional co-investment opportunities in order to other business interests in Southeast Asia.
This fund is an ideal blend of middle market healthcare investments from North America as well as Asia. This fits in perfectly with Highland’s existing $1.5 billion invested in healthcare assets.
In addition to their long-standing expertise in healthcare investment management comes experience in the Southeast Asian region. Led by Chris Yoon in South Korea, Highland Capital Management has operated a successful South Korean branch that has operated profitably for last 6 years.
When asked about the fund Carl Moore said “The fund’s strategy is well aligned with Highland’s core capabilities, drawing on the firm’s deep expertise in the healthcare sector. Healthcare is the firm’s largest industry exposure and roughly half of our more than 15-year track record in private equity relates to healthcare companies.”
This move shows a great deal of trust in the company by both individual high-net-worth investors as well as the national pension fund of Korea as well. As time goes on and trust in the Highland Capital Management grows in Korea, we can only expect a greater degree of Diversified investment options becoming available to Asian investors at their South Korean branch.