James Dondero and HCM Reach Cooperation Agreement with RAIT

As the co-founder and president of Highland Capital Management, James Dondero knows how to gracefully navigate through the complex world of investing. Recently, his firm reached a cooperation agreement with RAIT Financial Trust, and it looks like the new agreement will work out well for all involved. A real estate investment trust, or REIT, RAIT Financial Trust provides commercial real estate financing throughout the United States. The gist of the new agreement is that following the certification of the vote at the annual shareholders meeting, a new trustee will be appointed. The trustee will be one of two candidates who have been recommended by Highland Capital Management.Before delving more into the cooperation agreement between Highland Capital Management and REIT Financial Trust, let’s consider the background of this development. First, it helps to understand what Highland Capital Management is and James Dondero’s role in the firm. Highland Capital Management is what is known as an alternative asset firm. Founded in 1993 by Dondero and Mark Okada, it was originally based in Los Angeles but has been headquartered in Dallas for many years now. In the years since its founding, Highland Capital Management has enjoyed many successes–and many of them are directly credited to James Dondero.

So, who is James Dondero? If you know anything about the world of finance and investing, you are surely familiar with the name. Born in Hoboken, New Jersey, the 54-year-old Dondero hit the ground running with his career many years ago. He attended the University of Virginia, where he studied accounting and finance. Originally, Dondero was interested in real estate investing. Within five years of graduating from UV, however, he was managing $1 billion in fixed-income assets for American Express. Since then, he has been involved in many prominent deals and has made a major name for himself.

In addition to having an educational background in accounting and finance, James Dondero has more than 30 years of experience in the credit market. He is regarded as being one of the early pioneers of Collateralized Loan Obligations, or CIOs. Dondero is a Certified Management Accountant, or CMA, and he has earned the right to use the Chartered Financial Analyst, or CFA, designation. Today, he serves on the board of directors for American Banknote and MGM Studios. He is also chairman of the board of CCS Medical Corporation, NexBank and Cornerstone Healthcare. One thing’s for sure: He always has plenty to do.Highland Capital Management’s dealings with RAIT have been going on for some time. Ultimately, the alternative asset firm possessed considerable holdings in RAIT Financial Trust. According to filings made with the Securities and Exchange Commission, Highland owned 5.9 percent, or 5,282,377 shares, of the trust. RAIT is best known for its innovative CRE lending platform that provides personalized lending solutions. Highland moved to acquire the fund, but there was back and forth for a while. In early 2017, a cooperation agreement was finally made, and it looks like there is a definite plan in place.

What does the plan look like? Essentially, it means this: After the certification of the vote at the 2017 Annual Meeting of Shareholders, RAIT will appoint a new trustee to the Board of Trustees. This new trustee will be one of two candidates that have been recommended by Highland Capital Management. In this way, James Dondero and the team believes that RAIT and HCM will be able to work and collaborate effectively together. It is believed that the cooperation agreement will strengthen the RAIT board and do a lot of good for a lot of people.It will be interesting to see how things progress with Highland Capital Management and RAIT Financial Trust. With James Dondero at the helm, however, you can be sure that everything will work out perfectly. Dondero has a very impressive track record, including the fact that as Chief Investment Officer of Protective Life’s GIC subsidiary, he grew the firm from a startup to a $2 billion company in the space of just five years. That is just one of many examples of the great successes that have been achieved by the talented Highland Capital Management co-founder and president. Stay tuned for more developments about the cooperation agreement to see what happens next.

Madison Street Gets Special Nomination

Madison Street Capital is a well-known international investment banking company. The institution has always been committed to excellence, integrity and leadership, and this is why it has been so successful. Madison Street Capital offers consumers corporate financial advisory services, financial opinions, valuation services in private and public businesses, merger and acquisition expertise and many other services. The organization has helped very many organizations achieve their goals and objectives in the international marketplace.

 

Madison Street Capital has a qualified team of professionals who have exceptional experience, knowledge, and extensive networks. This makes the institutions one of the best in the investment banking. These individuals have the ability to arrange for the client’s adequate financing and capitalization programs that suit different situations. The successful organization has its headquarters in Chicago, Illinois. It also has other offices in Africa, North America, and Asia.

 

Madison Street Capital always draws on its years of experience to offer its customers with the best services. The reputable organization has earned the trust of its clients in different parts of the globe too because of the quality of services it offers.

In the business world, experience makes all the difference. Madison Street Capital has assisted clients from different industries in the past, and this means that its seasoned professional understand most of the circumstances affecting the consumers. The customers are always given the right recommendations whenever they visit the company. Madison Street Capital’s reputation is good among its customers because of these reasons.

 

Just recently, the Chicago-based investment banking firm was recognized as a finalist in the M& A 15th Annual Awards. These awards are internationally respected because they are a symbol of achievement in the finance industry. The awards mostly recognize companies and organizations that have shown excellence in restructuring, deal making, and financing. The awards are also known for celebrating the significant contributions and achievements of professionals and firms in the challenging department.

 

According to a report, Madison Street Capital was fortunate to get two respectable nominations. The company was nominated for the International and Industrial Deal of the Year and the Boutique Investment Banking Firm of the Year. The banking institution was given the International and Industrial Deal of the Year because of its role in facilitating the successful acquisition of Acuna and Asociados by an agency known as Dowco. The international transaction was led by the managing director of the investment banking firm, Karl D’Cunha.

 

The team of experts in Madison are very excited about the nomination, and they are looking forward to winning the award. These professionals worked very hard during the Acquisition of Acuna & Asociados by Dowco. The cross-border transaction was very complicated, but the team managed to close the deal without any difficulties.

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