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 H.I.G. Capital Closes Record $5.5 Billion H.I.G. Middle Market LBO Fund IV


H.I.G. Capital Closes Record $5.5 Billion H.I.G. Middle Market LBO Fund IV

The Miami-based H.I.G. Capital, a leading global alternative asset management firm with $58 billion of capital under management, on Tuesday announced the closing of H.I.G. Middle Market LBO Fund IV.

The Fund closed with aggregate capital commitments of $5.5 billion, in addition to co-investment separately managed accounts of $450 million, significantly exceeding its original target. The Fund will build on the team’s deep-rooted track record by primarily making control equity investments in complex situations in US middle market companies with asymmetric risk/reward profiles and a differentiated value proposition.

Sami Mnaymneh and Tony Tamer, co-Founders, and co-CEOs of H.I.G., said that they were delighted with the continued support from their investors, reflecting the strong performance of the H.I.G. Middle Market team and its differentiated investment approach.

Keval Patel, Head of H.I.G. Middle Market, said that they were excited to build upon H.I.G.’s successful middle market strategy with this latest fund.

“Our scale and operational expertise dedicated to the middle market continue to create a meaningful competitive advantage for us and allow us to drive significant returns to our investors regardless of the macroeconomic environment,” Patel said.

Jordan Peer Griffin, Executive Managing Director, and Global Head of Capital Formation said that the resounding support of H.I.G.’s limited partners led to a successful fundraise that was meaningfully oversubscribed during a very difficult fundraising environment.

“It is a testament to our investors’ high level of confidence in H.I.G., our investment strategy, and our ability to consistently source attractive investments and generate outstanding returns,” Griffin added.

The Fund was supported by H.I.G.’s long-standing investor base, and also welcomed new investors across the globe, in the U.S., Europe, Asia, Middle East and Latin America. The Fund’s Limited Partners are a diverse and prestigious group of institutional investors including foundations, endowments, public and corporate pensions, consultants, sovereign wealth funds, and family offices.

About H.I.G. Capital

Based in Miami, and with offices in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco, and Atlanta in the US, as well as international affiliate offices in London, Hamburg, Madrid, Milan, Paris, Bogota, Rio de Janeiro, and Sao Paulo, H.I.G. specialises in providing both debt and equity capital to middle market companies, utilising a flexible and operationally focused/ value-added approach.

H.I.G.’s equity funds invest in management buyouts, recapitalisations, and corporate carve-outs of both profitable as well as underperforming manufacturing and service businesses.

H.I.G.’s debt funds invest in senior, unitranche and junior debt financing to companies across the size spectrum, both on a primary (direct origination) basis, as well as in the secondary markets. H.I.G. also manages a publicly traded BDC, WhiteHorse Finance.

H.I.G.’s real estate funds invest in value-added properties, which can benefit from improved asset management practices. The company’s infrastructure focuses on making value-add and core plus investments in the infrastructure sector.

Since its founding in 1993, H.I.G. has invested in and managed more than 400 companies worldwide. The firm’s current portfolio includes more than 100 companies with combined sales in excess of $52 billion.

Global Business Magazine

Global Business Magazine

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