The Trust requests that a copy of this press release also be included with all distributions of materials relating to the Tender Offer. Kyle Bass. The Board also considered more recent developments in the Highland bankruptcy case before the U.
Highland Capital filed for bankruptcy in October and James Dondero ceded control over the bankrupt firm in January as part of a deal with creditors. The case and associated proceedings are Highland Cap. Highland Cap. Fund Advisors, L.
Dondero, Bankr. UDF IV was formed primarily to generate current interest income by investing in secured loans and producing profits from investments in residential real estate.
UDF IV may disseminate important information regarding its operations, including financial information, through social media platforms such as Twitter, Facebook and LinkedIn. Accordingly, readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this correspondence. Forward-looking statements in this document speak only as of the date on which such statements were made, and the Trust undertakes no obligation to update any such statements that may become untrue because of subsequent events.
Investor Contact:. Highland Capital Management has made 24 investments. Their latest investment was in Reachdesk as part of their Series B on September 9, Rowe Price , and Tudor Investment Corporation.
Rowe Price , and Undisclosed Investors. Highland Capital Management has 13 portfolio exits. Their latest portfolio exit was Beeswax on December 17, Race Rock Group. Merit Medical. Highland Capital has conducted 2 master classes to raise awareness in the field of new financial instruments and trends. Master classes were held by Highland Capital team together with Mr.
The speakers introduced innovative financial products offered by Private Equity funds and Highland Capital specifically. Bishkek Investment Forum BIF is a platform where small and medium-sized businesses meet with large businesses, domestic and foreign investors, representatives of government agencies, international and local organizations, embassies and the business community.
The Forum presents the most successful and promising business projects, the participants discusses the expected trends and changes in the economy, business environment and financial sector, as well as new vectors of cooperation for entrepreneurs. This forum provides an excellent opportunity to gain new knowledge in the field of investment fund management, and the opportunity to share experiences with colleagues from other countries.
Highland Capital has partnered with a leading provider of pre-school and school education in Osh city. New facility, officially opened on 30th of October 30 , is the second campus of the School and features bright modern classrooms that can house up to students. The school is located in the central part of Osh, near major residential and commercial centers.
The backers of this school are western-educated progressive professionals who have embraced the objective of providing education that meets commercial and social targets. We believe Highland Capital is a like-minded partner that shares our values and culture. This investment will solidify our position as a leading school in South region, enabling us to equip our students to become global leaders of tomorrow. We look forward to taking the Academy to the next level of development.
The city of Osh alone has more than 66 thousand students with insignificant amount enrolled in private schools. K School is a licensed educational provider with two campuses in Osh, Kyrgyz Republic. The school was founded in and has students. The founders are Western-educated business and finance professionals passionate about education. The forum gathered around representatives of Kyrgyz SMEs, as well as key players of the financial market.
Cholpon Jumashukurov, Senior Managing Partner, spoke in the plenary discussion, while other team members of the Fund participated in the B2B sessions and provided advice on attracting alternative sources of growth capital for SMEs. During one week, investors studied the Fund's portfolio, Highland Capital's team and processes, as well as the Kyrgyz economy and financial market.
Investments of Highland Capital will enable Kant TSP to launch the factory in the South of the country, which in turn will significantly reduce operational expenses of the company and expand availability of locally made construction materials to the South of the country. Kant TSP is one of the largest producers of roofing slates in the region.
It is the only enterprise within the territory of the Kyrgyz Republic, which produces the high-quality chrysotile products confirmed by the government certificates for each type of products. Kant TSP is already a proven market leader with strong growth potentials. Construction sector takes a leading position in the economic development of the Kyrgyzstan and overall plays crucial role in developing countries.
The official presentation of the Fund was held on November 1st, at the Orion hotel. The presentation gathered representatives of local business, international financial organizations and state bodies, including Agency for the Promotion and Protection of Investments of the Kyrgyz Republic. You see that good factors of economic development play more and more role in the region.
During the Forum, Highland Capital had the opportunity to make a presentation of the Fund to institutional investors. The fund will provide equity and quasi-equity financing to local SMEs in services, agricultural processing, healthcare, education, telecommunications, media, and technology. This is critical because smaller business across the country often struggle to access the capital they need to expand.
We are also thankful to Emil Umetaliev and Gregory Serrurier, who trusted our team and approach by investing in our fund. Our investment approach fits the local market very well as it addresses the huge deficit of risk capital. We see a large number of compelling investment opportunities and we favor investments, where our team can add significant value beyond capital provision. They engaged in lively discussions and workgroups that focused on defining the biggest common challenges facing GPs in emerging markets, including: time-consuming of fundraising process with local and international LPs; building a strong portfolio with the best available deals in the face of protracted timelines to first close; managing complex operating expense discussions with LPs; and building value in portfolio companies from the initial investment through exit.
Senior Partner of the Fund Cholponbek Zhumashukurov was the speaker of the forum. Farm-enterprise "Grigorievsky Sad", located in the village of Grigorievka Issyk-Kul region, Kyrgyzstan , is producing directly squeezed juices from local organic fruits under Nakktai trade mark.
The masterclass was useful and the knowledge that was obtained was later used to form the concept and basic conditions of the Fund. The company is owned and managed by three brothers: self-made entrepreneurs with a good reputation. Toyboss has been demonstrating strong performance growing at a large rate.
Recently it has built a brand-new production facility and own slaughterhouse, which increased the capacity manyfold. The decade that followed also saw Dondero engaged in aggressive litigation against former business partners.
Dondero was finally terminated as an employee in October , according to court filings. In February, a court-approved bankruptcy reorganization plan made Kirschner the litigation trustee of Highland Capital Management and attempted to shield the firm from future litigation brought by Dondero. Dom DiFurio. Dom is a staff writer covering business news and consumer-focused companies in North Texas.
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