The Family Place is based in Dallas, TX and is a shelter program for victims of domestic violence and abuse.
The project is valued at $16.5 million, and has about $2.8 million still needed to be raised. Highland Capital’s CEO James Dondero has now offered an incentive, up to $1 million in matching 50% of donations to anyone who contributes to this endeavor. So far, about $200,000 has been raised that will be matched by Dondero’s fund.
James Dondero has been an investment advisor and alternative fund manager for over 30 years. He got his bachelor’s degree from the University of Virginia’s McIntyre School of Business, and soon became a Certified Management Accountant (CMA).
According to NexBank, James Dondero started out working for American Express Bank where he enrolled in the Morgan Guaranty analyst training program, and later managed client portfolios.
James Dandero started becoming versed in alternative investments and raising public offerings, so in 1989 he was hired along with Mark Okada to manage Protective Life Insurance’s GIC subsidiary. Dondero took that company from simply a concept to a company that managed $28 million of client assets by 1993.
Dondero and Okada soon spun that company out from under Protective Life, and in just five years it became Highland Capital. Dondero started forming packaged investment services, and became a major advocate of collateralized loan obligations (CLOs), a form of investment bonds that use a system called tranches that combine high and low risk funds to form an investment conglomerate.
Dondero’s company also has specialized long and short equity funds, healthcare, distressed situations, and real estate. In addition to being CEO of Highland Capital, James Dondero also sits on the board of several other companies including Cornerstone Healthcare and MGM Studios.