Highland Capital Management CIO Mark Okada said, “This mandate is reflective of the strength and success of our growing institutional platform.
“It also represents another important win for Highland as a whole. We look forward to building a successful partnership with TMRS and to further expanding the reach of our investment management capabilities by forging additional partnerships.”
Last year Highland, which currently has $18bn under management, sold a $2.1bn portfolio of four European collateralised loan obligations (CLO) to Carlyle.
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