Highland Capital Management is an SEC-registered investment adviser based in Dallas, Texas. The firm specializes in credit strategies, such as credit hedge funds, separate accounts, distressed debts, loans, special situations private equities and collateralized loan obligations. Highland also offers alternative investments, including emerging markets, long and short equities, and natural resources. Highland's diversified client base includes public pension plans, foundations, endowments, corporations, financial institutions, fund of funds, governments and high-net-worth individuals. Highland invests in firms headquartered in the U.S. with revenues of $50 to $500 million.