In January, Highland Capital Management, the Dallas-Texas based investment firm, announced that there would be a $10 million endowment fund bestowed to the George W. Bush Presidential Center. The announcement was made in a joint statement by Co-founder and President James Dondero, and the Chief Executive Officer for the Presidential Center, Kenneth Hersh. The funds are being used to sponsor a series the firm chose to present to the center, titled “Engage at the Bush Center, presented by Highland Capital Management,” which is open to the general public. Visit hcp.com to know more.
The sizable endowment makes it the second contribution for Highland Capital Management. In 2012, there was more than $5 million gifted to the Presidential Center. The firm is officially recognized as a Founding Benefactor as a result of its continued support and contributions. Dondero said, “Events like the Engage Series foster important dialogue regarding pressing policy issues. Highland Capital Management is proud to support this work and be part of the George W. Bush Presidential Center’s long-term vision.” Dondero has also been appointed to the Executive Advisory Council for the Presidential Center.
The Engage series first began in February with a sit-down discussion that included author Christopher J. Scalia, the son of U.S. Supreme Court Justice Antonin Scalia, who passed away in 2016. Christopher is the co-editor of “Scalia Speaks: Reflections on Law, Faith, and Life Well Lived.” The second edition to the same series included a discussion with prominent journalists that spoke about the fourth U.S. President James Madison and the effects of the First Amendment in the modern media age. Read more at Biz Journals about Highland Capital.
There have been other noteworthy “Engage” speakers, such as National Security Advisor and U.S. Secretary of State Dr. Condoleezza Rice, as well as Lorne Michaels, the Creator and Producer of Saturday Night Live. “We are extremely grateful to Jim Dondero for his commitment and look forward to continuing our efforts to bring thought-provoking programming and national newsmakers to Dallas,” said Hersh.
Highland Capital has a multibillion-dollar client portfolio and specializes in the development of collateralized loan obligations (CLO) and distressed assets. The firm also provides clients with the development of alternative investment asset classes, private equity funds, and hedge funds. Dondero has more than 30 years of experience in assessing the equity and credit markets.