Official Form 207 Statement of Financial Affairs for Non-Individuals Filing for Bankruptcy page 1

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Fill in this information to identify the case:

Debtor name Highland Select Equity Fund GP, L.P.

United States Bankruptcy Court for the: NORTHERN DISTRICT OF TEXAS

Case number (if known) 23-31039-mvl7

Check if this is an 

amended filing

Official Form 207

Statement of Financial Affairs for Non-Individuals Filing for Bankruptcy 04/22

The debtor must answer every question. If more space is needed, attach a separate sheet to this form. On the top of any additional pages, 

write the debtor’s name and case number (if known). 

Part 1: Income

1. Gross revenue from business

 None.

Identify the beginning and ending dates of the debtor’s fiscal year, 

which may be a calendar year

Sources of revenue

Check all that apply

Gross revenue 

(before deductions and 

exclusions)

2. Non-business revenue

Include revenue regardless of whether that revenue is taxable. Non-business income may include interest, dividends, money collected from lawsuits, 

and royalties. List each source and the gross revenue for each separately. Do not include revenue listed in line 1.

 None.

Description of sources of revenue Gross revenue from 

each source

(before deductions and 

exclusions)

Part 2: List Certain Transfers Made Before Filing for Bankruptcy

3. Certain payments or transfers to creditors within 90 days before filing this case

List payments or transfers--including expense reimbursements--to any creditor, other than regular employee compensation, within 90 days before 

filing this case unless the aggregate value of all property transferred to that creditor is less than $7,575. (This amount may be adjusted on 4/01/25 

and every 3 years after that with respect to cases filed on or after the date of adjustment.)

 None.

Creditor's Name and Address Dates Total amount of value Reasons for payment or transfer

Check all that apply

4. Payments or other transfers of property made within 1 year before filing this case that benefited any insider

List payments or transfers, including expense reimbursements, made within 1 year before filing this case on debts owed to an insider or guaranteed 

or cosigned by an insider unless the aggregate value of all property transferred to or for the benefit of the insider is less than $7,575. (This amount 

may be adjusted on 4/01/25 and every 3 years after that with respect to cases filed on or after the date of adjustment.) Do not include any payments 

listed in line 3. Insiders include officers, directors, and anyone in control of a corporate debtor and their relatives; general partners of a partnership 

debtor and their relatives; affiliates of the debtor and insiders of such affiliates; and any managing agent of the debtor. 11 U.S.C. § 101(31).

 None.

Insider's name and address

Relationship to debtor

Dates Total amount of value Reasons for payment or transfer

5. Repossessions, foreclosures, and returns

List all property of the debtor that was obtained by a creditor within 1 year before filing this case, including property repossessed by a creditor, sold 

at a foreclosure sale, transferred by a deed in lieu of foreclosure, or returned to the seller. Do not include property listed in line 6.

Case 23-31039-mvl7 Doc 12 Filed 06/16/23 Entered 06/16/23 13:15:45 Desc Main

Document Page 1 of 7
Debtor Highland Select Equity Fund GP, L.P. Case number (if known) 23-31039-mvl7

Official Form 207 Statement of Financial Affairs for Non-Individuals Filing for Bankruptcy page 2

Software Copyright (c) 1996-2023 Best Case, LLC - www.bestcase.com Best Case Bankruptcy

 None

Creditor's name and address Describe of the Property Date Value of property

6. Setoffs

List any creditor, including a bank or financial institution, that within 90 days before filing this case set off or otherwise took anything from an account 

of the debtor without permission or refused to make a payment at the debtor’s direction from an account of the debtor because the debtor owed a 

debt.

 None

Creditor's name and address Description of the action creditor took Date action was 

taken

Amount

Part 3: Legal Actions or Assignments

7. Legal actions, administrative proceedings, court actions, executions, attachments, or governmental audits

List the legal actions, proceedings, investigations, arbitrations, mediations, and audits by federal or state agencies in which the debtor was involved 

in any capacity—within 1 year before filing this case.

 None.

Case title

Case number

Nature of case Court or agency's name and 

address

Status of case

7.1. THE DUGABOY INVESTMENT 

TRUST v. HIGHLAND SELECT

EQUITY MASTER FUND, L.P. 

and HIGHLAND SELECT 

EQUITY FUND GP, L.P.,

1:23-cv-01636-MKV

Contract THE UNITED STATES 

DISTRICT COURT FOR THE 

SOUTHERN DISTRICT OF 

NEW YORK

500 Pearl St.

New York, NY 10007

 Pending

 On appeal

 Concluded

8. Assignments and receivership

List any property in the hands of an assignee for the benefit of creditors during the 120 days before filing this case and any property in the hands of a 

receiver, custodian, or other court-appointed officer within 1 year before filing this case. 

 None

Part 4: Certain Gifts and Charitable Contributions

9. List all gifts or charitable contributions the debtor gave to a recipient within 2 years before filing this case unless the aggregate value of 

the gifts to that recipient is less than $1,000

 None

Recipient's name and address Description of the gifts or contributions Dates given Value

Part 5: Certain Losses

10. All losses from fire, theft, or other casualty within 1 year before filing this case.

 None

Description of the property lost and 

how the loss occurred

Amount of payments received for the loss

If you have received payments to cover the loss, for 

example, from insurance, government compensation, or 

tort liability, list the total received.

List unpaid claims on Official Form 106A/B (Schedule 

A/B: Assets – Real and Personal Property). 

Dates of loss Value of property 

lost

Part 6: Certain Payments or Transfers

11. Payments related to bankruptcy

List any payments of money or other transfers of property made by the debtor or person acting on behalf of the debtor within 1 year before the filing 

of this case to another person or entity, including attorneys, that the debtor consulted about debt consolidation or restructuring, seeking bankruptcy 

relief, or filing a bankruptcy case.

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Document Page 2 of 7
Debtor Highland Select Equity Fund GP, L.P. Case number (if known) 23-31039-mvl7

Official Form 207 Statement of Financial Affairs for Non-Individuals Filing for Bankruptcy page 3

Software Copyright (c) 1996-2023 Best Case, LLC - www.bestcase.com Best Case Bankruptcy

 None.

Who was paid or who received 

the transfer?

Address

If not money, describe any property transferred Dates Total amount or 

value

11.1. QSLWM

2001 Bryan Street, Suite 1800

Dallas, TX 75201 5// $11,250.00

Email or website address

Who made the payment, if not debtor?

Highland Select Equity Master 

Fund, L.P.

12. Self-settled trusts of which the debtor is a beneficiary

List any payments or transfers of property made by the debtor or a person acting on behalf of the debtor within 10 years before the filing of this case 

to a self-settled trust or similar device.

Do not include transfers already listed on this statement.

 None.

Name of trust or device Describe any property transferred Dates transfers 

were made

Total amount or 

value

13. Transfers not already listed on this statement

List any transfers of money or other property by sale, trade, or any other means made by the debtor or a person acting on behalf of the debtor within 

2 years before the filing of this case to another person, other than property transferred in the ordinary course of business or financial affairs. Include 

both outright transfers and transfers made as security. Do not include gifts or transfers previously listed on this statement.

 None.

Who received transfer?

Address

Description of property transferred or 

payments received or debts paid in exchange

Date transfer 

was made

Total amount or 

value

Part 7: Previous Locations

14. Previous addresses

List all previous addresses used by the debtor within 3 years before filing this case and the dates the addresses were used.

 Does not apply

Address Dates of occupancy

From-To

14.1. 300 Crescent Court, Suite 700

Dallas, TX 75201

August 2012 to August 2021

Part 8: Health Care Bankruptcies

15. Health Care bankruptcies

Is the debtor primarily engaged in offering services and facilities for:

- diagnosing or treating injury, deformity, or disease, or

- providing any surgical, psychiatric, drug treatment, or obstetric care?

No. Go to Part 9.

Yes. Fill in the information below.

Facility name and address Nature of the business operation, including type of services 

the debtor provides

If debtor provides 

meals and housing, 

number of patients in 

debtor’s care

Part 9: Personally Identifiable Information

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Document Page 3 of 7
Debtor Highland Select Equity Fund GP, L.P. Case number (if known) 23-31039-mvl7

Official Form 207 Statement of Financial Affairs for Non-Individuals Filing for Bankruptcy page 4

Software Copyright (c) 1996-2023 Best Case, LLC - www.bestcase.com Best Case Bankruptcy

16. Does the debtor collect and retain personally identifiable information of customers?

No.

Yes. State the nature of the information collected and retained.

17. Within 6 years before filing this case, have any employees of the debtor been participants in any ERISA, 401(k), 403(b), or other pension or 

profit-sharing plan made available by the debtor as an employee benefit?

No. Go to Part 10.

Yes. Does the debtor serve as plan administrator?

Part 10: Certain Financial Accounts, Safe Deposit Boxes, and Storage Units

18. Closed financial accounts

Within 1 year before filing this case, were any financial accounts or instruments held in the debtor’s name, or for the debtor’s benefit, closed, sold, 

moved, or transferred?

Include checking, savings, money market, or other financial accounts; certificates of deposit; and shares in banks, credit unions, brokerage houses, 

cooperatives, associations, and other financial institutions.

 None

Financial Institution name and 

Address

Last 4 digits of 

account number

Type of account or 

instrument

Date account was 

closed, sold, 

moved, or 

transferred

Last balance 

before closing or 

transfer

19. Safe deposit boxes

List any safe deposit box or other depository for securities, cash, or other valuables the debtor now has or did have within 1 year before filing this 

case.

 None

Depository institution name and address Names of anyone with 

access to it

Address

Description of the contents Does debtor 

still have it?

20. Off-premises storage

List any property kept in storage units or warehouses within 1 year before filing this case. Do not include facilities that are in a part of a building in 

which the debtor does business.

 None

Facility name and address Names of anyone with 

access to it

Description of the contents Does debtor 

still have it?

Part 11: Property the Debtor Holds or Controls That the Debtor Does Not Own

21. Property held for another

List any property that the debtor holds or controls that another entity owns. Include any property borrowed from, being stored for, or held in trust. Do 

not list leased or rented property.

 None

Part 12: Details About Environment Information

For the purpose of Part 12, the following definitions apply:

Environmental law means any statute or governmental regulation that concerns pollution, contamination, or hazardous material, regardless of the 

medium affected (air, land, water, or any other medium).

Site means any location, facility, or property, including disposal sites, that the debtor now owns, operates, or utilizes or that the debtor formerly 

owned, operated, or utilized.

Hazardous material means anything that an environmental law defines as hazardous or toxic, or describes as a pollutant, contaminant, or a 

similarly harmful substance.

Report all notices, releases, and proceedings known, regardless of when they occurred.

Case 23-31039-mvl7 Doc 12 Filed 06/16/23 Entered 06/16/23 13:15:45 Desc Main

Document Page 4 of 7
Debtor Highland Select Equity Fund GP, L.P. Case number (if known) 23-31039-mvl7

Official Form 207 Statement of Financial Affairs for Non-Individuals Filing for Bankruptcy page 5

Software Copyright (c) 1996-2023 Best Case, LLC - www.bestcase.com Best Case Bankruptcy

22. Has the debtor been a party in any judicial or administrative proceeding under any environmental law? Include settlements and orders.

No.

Yes. Provide details below.

Case title

Case number

Court or agency name and 

address

Nature of the case Status of case

23. Has any governmental unit otherwise notified the debtor that the debtor may be liable or potentially liable under or in violation of an 

environmental law?

No.

Yes. Provide details below.

Site name and address Governmental unit name and 

address

Environmental law, if known Date of notice

24. Has the debtor notified any governmental unit of any release of hazardous material?

No.

Yes. Provide details below.

Site name and address Governmental unit name and 

address

Environmental law, if known Date of notice

Part 13: Details About the Debtor's Business or Connections to Any Business

25. Other businesses in which the debtor has or has had an interest

List any business for which the debtor was an owner, partner, member, or otherwise a person in control within 6 years before filing this case.

Include this information even if already listed in the Schedules.

 None

Business name address Describe the nature of the business Employer Identification number

Do not include Social Security number or ITIN.

Dates business existed

25.1. General partner

interests in Highland Select 

Equity Master Fund, L.P. and 

Highland Select Equity Fund, 

L.P.

EIN:

From-To

26. Books, records, and financial statements

26a. List all accountants and bookkeepers who maintained the debtor’s books and records within 2 years before filing this case.

 None

Name and address Date of service

From-To

26a.1. Highland Capital Management, L.P.

100 Crescent Court, Suite 1850

Dallas, TX 75201

26b. List all firms or individuals who have audited, compiled, or reviewed debtor’s books of account and records or prepared a financial statement 

within 2 years before filing this case.

 None

26c. List all firms or individuals who were in possession of the debtor’s books of account and records when this case is filed.

 None

Case 23-31039-mvl7 Doc 12 Filed 06/16/23 Entered 06/16/23 13:15:45 Desc Main

Document Page 5 of 7
Debtor Highland Select Equity Fund GP, L.P. Case number (if known) 23-31039-mvl7

Official Form 207 Statement of Financial Affairs for Non-Individuals Filing for Bankruptcy page 6

Software Copyright (c) 1996-2023 Best Case, LLC - www.bestcase.com Best Case Bankruptcy

Name and address If any books of account and records are 

unavailable, explain why

26c.1. Highland Capital Management, L.P.

100 Crescent Court, Suite 1850

Dallas, TX 75201

26d. List all financial institutions, creditors, and other parties, including mercantile and trade agencies, to whom the debtor issued a financial 

statement within 2 years before filing this case.

 None

Name and address

27. Inventories

Have any inventories of the debtor’s property been taken within 2 years before filing this case?

No

Yes. Give the details about the two most recent inventories.

Name of the person who supervised the taking of the 

inventory

Date of inventory The dollar amount and basis (cost, market, 

or other basis) of each inventory

28. List the debtor’s officers, directors, managing members, general partners, members in control, controlling shareholders, or other people 

in control of the debtor at the time of the filing of this case.

Name Address Position and nature of any 

interest

% of interest, if 

any

Highland Select Equity GP, 

LLC

100 Crescent Court, Suite 1850

75201

29. Within 1 year before the filing of this case, did the debtor have officers, directors, managing members, general partners, members in 

control of the debtor, or shareholders in control of the debtor who no longer hold these positions?

No

Yes. Identify below.

30. Payments, distributions, or withdrawals credited or given to insiders 

Within 1 year before filing this case, did the debtor provide an insider with value in any form, including salary, other compensation, draws, bonuses, 

loans, credits on loans, stock redemptions, and options exercised?

No

Yes. Identify below.

Name and address of recipient Amount of money or description and value of 

property

Dates Reason for 

providing the value

31. Within 6 years before filing this case, has the debtor been a member of any consolidated group for tax purposes? 

No

Yes. Identify below.

Name of the parent corporation Employer Identification number of the parent 

corporation

Highland Capital Management, LP (EIN was 75-2716725 up to 8/11/2021; 

87-2188357 from 8/11/2021 to present).

EIN: 87-2188357

32. Within 6 years before filing this case, has the debtor as an employer been responsible for contributing to a pension fund?

No

Yes. Identify below.

Name of the pension fund Employer Identification number of the pension 

fund

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