James Dondero’s Intelligent Move To Help Raise $2.8 Million For Family Place

 

James Dondero helped to co-find Highland Capital Management where he currently serves as the president. HCM is one of the largest and most successful companies operating in the alternative credit management industry across the world. His 30 years journey in the field of credit and equity markets has been incredible. He has been focusing hugely on high yielding as well as distressed investing.

 

Dondero is also known for creating the GIC subsidiary of Protective Life from scratch to a net worth of more than $2 billion between 1989 and 1993. He has worked at American Express, first as a corporate bond analyst, and later as a portfolio manager. He kick-started his career in 1984 at Morgan Guaranty training program, where he worked as an analyst.

 

HCM was incepted in 1993, and since then, it has been the market leader in developing collateralized loan obligation market and in the development of credit oriented solutions for retail and institutional investors globally. Among the award-winning products offered by the company include separate institutional accounts, private equity funds, hedge funds, REITs, ETFs and Mutual funds.

 

Recently, James Dondero announced a $1 million grant challenge offered by HCM. The grant challenge is meant to push forward an on-going capital raising campaign for The Family Place. HCM aims to help the non-profit organization raise the remaining $2.8 million out of the initial target of $16.5 million. Highland Capital Management promised to match every donation made by 50 percent until it gives out $1 million.

 

The Family Place is known for its tireless efforts to prevent and eliminate cases of domestic violence using proactive measures. They intervene through advocacy, providing assistance to victims and conducting extensive community awareness. Thousands of Texas residents exposed to abusive environments have found help, protection, as well as self-sustenance. All the programs provided by the Family Place are available in both English and Spanish.

 

The Highland Dallas Foundation, which serves as the philanthropic arm of HCM will be responsible for administering the grant, expected to end on April 4, 2017. The capital raised from the campaign will aid in the construction and management of the Ann Moody Place. The proposed expansion will increase the capacity of the organization to respond to the needs of more individuals involved in domestic violence.

 

The $1 million grant challenge announcement was made on early October 2016.

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