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Highland Capital and Dondero Look Across the Pond for Investment Opportunities

Highland Capital and Dondero Look Across the Pond for Investment Opportunities

Venture capital companies like Highland Capital are increasingly looking towards Europe for promising tech companies to invest in, according to a recent article that appeared in the Seattle Times.

According to the article, the companies have a sound financial reason for looking across the Atlantic to build wealth. Startups in places like Berlin, London and Paris are much cheaper to buy and invest in than similar companies in the United States. That means venture capital companies have less overhead when it comes to employee salaries and benefits. Job cuts at European companies in recent years also have led highly qualified workers into the tech industry.
And European startups are also anxious to attract American investors. According to the Seattle Times, more than 15 years after the dot.com bust, the startups need American money to help them go global. The Seattle Times article also points to research by the firm Preqin, which found that venture capital companies have pumped in about #10 billion to European startups during the first three quarters of 2015. In return, the American firms received almost six times their investment in return during the same period.
Highland Capital Management is an SEC-regulated company that, along with its affiliates manages nearly $21 billion in assets. Co-founded by Jim Dondero in 1993, Highland Capital was among the pioneers of the collateralized loan obligation market and has helped to develop credit-oriented solutions for both institutional and retail investors around the world. It specializes in a wide range of credit strategies, including credit hedge funds, long-only funds and separate accounts.
In addition to his duties at Highland Capital, Jim actively supports initiatives in education, veteran’s affairs and public policy. He began his career in the Morgan Guaranty training program in 1984 after graduating from the University of Virginia with honor with dual majors in accounting and finance. Jim is also a certified management accountant and has earned the right to use the chartered financial analyst designation.
Jim also serves as chairman of Cornerstone Healthcare, CCS Medical and Nexbank and on the boards of American Banknote and MGM Studios.