H.I.G. Capital Raises $1.3 Billion for Europe Realty Fund III
July 10 2024 - 9:30AM
Business Wire
H.I.G. Capital (“H.I.G.” or “the Firm”), a leading global
alternative investment firm with $64 billion of capital under
management, is pleased to announce the final close of H.I.G. Europe
Realty Partners III (the “Fund”). The Fund closed with aggregate
capital commitments of approximately $1.3 billion,1 significantly
above the predecessor’s fund size.
H.I.G. Europe Realty Partners primarily targets value-add
investments in the middle market real estate segment in Europe. To
date, the Fund has made over ten investments across various
geographies in Europe.
Sami Mnaymneh and Tony Tamer, Co-Founders of H.I.G., commented,
“As we continue to expand our global real estate footprint, we are
thrilled by the success of our European real estate platform as
evidenced by the strong support from our investors. We believe the
current environment, specifically in the U.K. and Germany, where
market dislocations are driving meaningful repricing across asset
classes, presents compelling investment opportunities for the
Fund.”
Riccardo Dallolio, Head of Europe Real Estate, added, “The Fund
is well-positioned to capitalize on the current market opportunity
set in the less efficient middle market segment across Europe. It
will invest across the capital structure and asset classes with a
particular focus on value-add and operational improvements to
generate substantial asset appreciation.”
The Fund was supported by a diverse and global group of limited
partners including public and private sector pensions, endowments,
foundations, asset managers, consultants, fund of funds, financial
institutions, and family offices in North America, Europe, Asia,
and the Middle East.
1Including separately managed accounts that co-invest alongside
the Fund.
About H.I.G. Capital
H.I.G. is a leading global alternative investment firm with $64
billion of capital under management.* Based in Miami, and with
offices in Atlanta, Boston, Chicago, Los Angeles, New York, and San
Francisco in the United States, as well as international affiliate
offices in Hamburg, London, Luxembourg, Madrid, Milan, Paris,
Bogotá, Rio de Janeiro, São Paulo, and Dubai, H.I.G. specializes in
providing both debt and equity capital to 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. 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.
- H.I.G. 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
$53 billion. For more information, please refer to the H.I.G.
website at hig.com.
*Based on total capital raised by H.I.G. Capital and
affiliates.
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version on businesswire.com: https://www.businesswire.com/news/home/20240710131210/en/
Jordan Peer Griffin Executive Managing Director
jpeer@hig.com
Riccardo Dallolio Managing Director Head of H.I.G. Europe Real
Estate rdallolio@hig.com
H.I.G. Capital 1450 Brickell Avenue 31st Floor Miami, FL 33131
P: 305.379.2322 hig.com