MIAMI–(BUSINESS WIRE)–H.I.G. Capital (“H.I.G.”), a leading global alternative asset management firm with $40 billion of equity capital under management, is pleased to announce the closing of H.I.G. Capital Partners VI (the “Fund”). The Fund closed with aggregate capital commitments of $1.3 billion, well exceeding its target. The Fund will continue the strategy of H.I.G.’s five predecessor lower middle-market funds, by making private equity investments in lower middle market companies, primarily in North America.
Sami Mnaymneh and Tony Tamer, H.I.G. Co-Founders and Co-CEOs, commented: “We are grateful for the continued support from our longstanding investors, reflecting the strong performance and differentiated investment approach of our lower middle market strategy throughout the course of H.I.G.’s 27-year history.”
Doug Berman, Head of H.I.G. U.S. Private Equity, added: “The current economic environment presents both challenges as well as opportunities, and we are very confident that our experienced team will be able to navigate through this uncertainty and find compelling investment opportunities.”
Jordan Peer, Managing Director and Global Head of H.I.G. Capital Formation, added: “The Fund received overwhelming global support from our investors, allowing us to complete an entirely virtual fundraising process within a compact time frame of a few months. We are grateful for these long-standing partners across North America, Europe, the Middle East, and Asia.”
About H.I.G. Capital
H.I.G. is a leading global private equity and alternative assets investment firm with $40 billion of equity capital under management.* Based in Miami, and with offices in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco, and Atlanta in the U.S., as well as international affiliate offices in London, Hamburg, Madrid, Milan, Paris, Bogotá, Rio de Janeiro and São Paulo, H.I.G. specializes in providing both debt and equity capital to small and mid-sized companies, utilizing a flexible and operationally focused/ value-added approach:
- H.I.G.’s equity funds invest in management buyouts, recapitalizations 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. is also a leading CLO manager, through its WhiteHorse family of vehicles, and 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.
Since its founding in 1993, H.I.G. has invested in and managed more than 300 companies worldwide. The firm’s current portfolio includes more than 100 companies with combined sales in excess of $30 billion. For more information, please refer to the H.I.G. website at www.higcapital.com.
* Based on total capital commitments managed by H.I.G. Capital and affiliates.