The long time practice in which funds are provided to startup businesses by investors in a trade for good equity has been popular for years in the U.S. Referred to as venture capital, these exchange acts have poured money into various markets for profitable long term growth. Primarily seen in the U.S. and Asia, this investment process seems to be heading to Europe.
A person who knows all about growing a business from its beginning is the President and Co-founder of Highland Capital Management, James Dondero. While currently managing investment plans for this venture capital firm, Jim has had experience in the credit market for more than 30 years. Before he started up Highland Capital, Jim developed the GIC division of Protective Life as their Chief Investment Officer. His wealth of expertise includes real estate, regulated bank loans, speculative grade bonds, emerging market debt and generating healthy growth from preference shares.
The true innovator of the non-banking Collateralized Loan Obligation, James is recognized by many as a commercial business favorite and often idolized by his peers. American Express benefitted from Jim in the 1980’s when he managed their fixed income fund department comprised of $1 billion. Highland Capital was formed by James and Mark Okada in the 1990’s, which is a global asset management business.
To read more about how Europe is thriving in billion dollar businesses thanks to U.S. investors, read the original article here.