NexPoint Asset Management

NexPoint was co-founded by James Dondero and Mark Okada, who remain the named principals in the firm's contact-level disclosures. The firm does not publicly enumerate a separate chief investment officer or investment committee roster, indicating decision-making authority likely resides with the founders and the specialized teams they have built around each sector vertical.

NexPoint acts primarily as an adviser to registered investment companies — open-end mutual funds, closed-end funds, and an ETF — rather than as a traditional limited-partnership private-fund manager. Its products are 1940-Act-registered vehicles that offer daily liquidity, which distinguishes it from the gated drawdown structures typical of private credit and private equity managers.

The platform's investment capabilities span high-yield credit, structured credit, public equities, real estate, private equity, event-driven strategies, and merger arbitrage. Notable vehicles include the Highland Opportunities and Income Fund, the Highland Event Driven Fund, and the Highland Merger Arbitrage Fund, each targeting a discrete strategy within that mix.

NexPoint Asset Management is the entity that serves as the SEC-registered investment adviser to the Highland-branded registered fund complex. The firm's website treats 'Highland Funds' as its retail arm, suggesting NexPoint operates as the adviser entity within the broader Highland organizational structure — a distinction shaped by the regulatory separation between the adviser and the funds it manages.

NexPoint's own description states the platform serves both institutional and retail investors and that its capabilities draw on an integrated investment platform, but the firm provides no detail on separate accounts, commingled institutional vehicles, or non-registered private funds. Its public-facing disclosures center entirely on the registered-fund complex.