James Dondero Is Helping To Make A Big Contribution To The Family Place

James Dondero is starting up a new grant at the Highland Dallas Foundation that will be contributing to The Family Place over the next 6 months. This grant is aimed at helping The Family Place Legacy Campaign, a fundraiser The Family Place is starting up to build a shelter for families who’ve been affected by domestic violence. The Dallas mayor and police chief have both urged the community to take action against the city’s domestic violence problem, and Dondero’s company Highland Capital Management is doing so through a pledge to match contributions up to $1 million to complete the fundraiser. The Family Place has $2.8 million that they have to raise to get the rest of the needed funds.

James Dondero is an expert in investing in alternative funds and is the CEO of Highland Capital, a hedge fund and private equity firm. Dondero graduated out of the University of Virginia’s School of Business, and started off in the Morgan Guaranty training program. He spent five years as an accountant for American Express, and then went to Protective Life. Dondero’s task there was managing the GIC subsidiary, which he took from a startup idea to a $28 million enterprise. Once he had done that, he and his co-worker Mark Okada took that GIC subsidiary and started their own company. Protective Life still owned some shares in the company until 1997, when Dondero and Okada purchased the last of them to turn the company into Highland Capital.

Dondero has managed more than $18 billion of client assets, and his most famous lending program is collateralized loan obligations. Dondero also started Nexbank Advisors and its sister companies, and is also the president of Prospect Street Income Shares Inc, and sits as chairman of Cornerstone Health and sits on the board at American Banknote. Dondero is also an avid supporter of veterans programs and local humane societies.

Additional Links:

http://www.dallasfoundation.org/ForDonors/DonorStories/JamesDondero/tabid/449/Default.aspx

http://www.insidermonkey.com/hedge-fund/highland+capital+management/173/