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Highland Capital Management secures $250m mandate from Texas Municipal Retirement System

9 Oct 2013

texas_star_170sqHighland Capital Management has secured a $250m mandate from the Texas Municipal Retirement System for one of its credit strategies using senior secured bank loans and CLO debt.

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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