Oversubscribed NexPoint Raises $269 Million for Debt Fund

“It’s all about winning!” The best fund managers have consistent returns in all types of financial climates. Highland Capital raised $269 million for its NexPoint Fund in May 2017. What is the secret to James Dondero’s winning streak?

 

Winning Streak Continues

 

Just like the Dow Jones, the Highland Capital Management team keeps on winning. It has identified the hottest investment sectors and jumps in with both feet. James Dondero might want to yell CANNONBALL for his next financial offering.

 

NexPoint Advisers is an affiliate of the Dallas based Highland Capital Management firm. The primary focus of NexPoint is below investment grade debt and equities. Debt is one of the hottest assets around.

 

People need money to pay their rent. Corporations need money to buy their supplies. Governments need money to pave the roads. The capital raising was so successful for NexPoint that it surpassed the primary offering by 233 percent. More than 5.3 million of NexPoint’s shares were scooped up. Why was NexPoint so popular?

 

Solid Research & Financial Connections

 

Over the last five years, NexPoint Credit Strategies has generated returns of 18.79 percent. In the last year, it rose by 20.69 percent. Highland Capital Management President James Dondero said, “[w]e are pleased with the material over subscription and investor support consistent with top decile performance we have delivered over the past five years.” Weight Watchers is one of the featured stocks in the successful fund.

 

After over 3 decades managing money, James Dondero has acquired the experience for running a strong company. He understands the ebbs and flows of the markets. Debt is not going to go away and it can offer a quite lucrative return. Nevertheless, Highland Capital’s NexPoint is well poised to take the next step in making solid profits.