Highland Capital Strengthens Business Development, Adds Managing Director

NEW YORK, Jan. 10, 2012 /PRNewswire/ -- Highland Capital Management, L.P. ("Highland"), a Dallas-based investment management firm, which together with its affiliates has approximately $23 billion in assets under management, today announced that Brian Rice has joined the firm as Managing Director. Based in Highland's New York office, Mr. Rice reports to Clay Shumway, Head of Business Development.

Mr. Rice is responsible for business development primarily in the U.S. and Europe including developing strategic relationships with institutional investors, consultants and wealth management platforms.

"Brian's blue-chip experience is a tremendous asset to our growing global team and we are confident that he will create value for both Highland and our investors," said Mr. Shumway.

"What attracted me to Highland is its reputation and culture for excellence," said Mr. Rice. "I believe the firm is well positioned and has a relevant and diverse set of alternative investment solutions to match the growing needs of investors."

Mr. Rice has 15 years of experience providing alternative investment solutions to investors globally. Prior to joining Highland, he served as Partner and Managing Director at Investcorp International, a $13 billion alternative asset manager where he focused on business development activities in the United States and Europe from its New York office. Before joining Investcorp, Mr. Rice held similar positions at Trust Company of the West and Atlantic Investment both in New York. He started his career at Deutsche Bank in New York where he spent approximately 10 years serving as Managing Director and Global Head of Sales for the Absolute Return/Hedge Fund practice. He received an MBA from Boston College and a B.A. from the University of Vermont.

About Highland Capital Management, L.P.
Highland Capital Management, L.P. is an SEC-registered investment adviser, which together with its affiliates, has approximately $23 billion of assets under management. It is one of the largest and most experienced global alternative credit managers. The firm specializes in credit strategies, such as credit hedge funds, long-only funds and separate accounts, distressed control private equity, and collateralized loan obligations (CLOs). Highland also offers alternative investments, including emerging markets, long/short equities, and natural resources.

Highland's diversified client base includes public pension plans, foundations and endowments, corporations, financial institutions, fund of funds, governments, and high net-worth individuals. The firm is headquartered in Dallas, Texas and maintains offices in New York, London, Singapore, and Seoul. For further information, please visit www.hcmlp.com.

SOURCE Highland Capital Management, L.P.

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