James Dondero is the co-founder and the chairman of Highland Capital Management, L.P. He became a household name after hitting the headlines following his announcement of the company’s initiative to award $1million challenge grant towards the Family Place. Family Place is the leading organization in supporting victims of domestic violence. The company has been aiming to raise $2.8 million in its legal campaign that was scheduled to run for six months.
Highland capital management gave the donation through its philanthropic arm Highland Dallas Foundation. The grant matched 50% of funds that was raised throughout the campaign in April. Highland capital management became very instrumental in ensuring the family place was able to collect $2.8 million which was required to hit the company’s target of raising $16.5 million. The Family Place was able to finish the campaign strongly.
The need to Solve Community Problems
James Dondero said that the grant was answering the call by the Dallas Mayor and the Dallas Police Chief to help address life-threatening issues that were common in the area. He also went ahead to say that the company was pleased with the way Family place took the call and realized it in just a span of a year. The campaign by the Family place was to raise funds to construct the new Dallas Counseling Center for victims of domestic violence. The facility would serve more than 2000 people annually. This would help reduce the impact of family violence.
The man behind Highland Capital Management
James Dondero, the man behind this grant, has a successful career in credit and market equities. Since its inception, Dondero has pioneered Highland Capital Management in developing Collateralized Loan Obligation (CLO) market. He also engineered the development of credit oriented solutions to institutional and retail investors.James Dondero served as the chief investment officer to GIC before he founded Highland capital management. He also served as a bond analyst and a portfolio manager at American Express and as an inquisitor in 1984 in the Morgan Guaranty training program. Dondero is a graduate of the University of Virginia with highest honors, with dual majors in accounting and finance. James is also a Certified Management Accountant (CMA), and he has the right to use the Chartered Financial Analyst (CFA) designation.