MIAMI, Oct. 28,
2024 /PRNewswire/ -- H.I.G. Capital ("H.I.G." or
the "Firm"), a leading global alternative asset management firm
with $65 billion of capital under
management, today announced the closing of H.I.G. Capital Partners
VII ("Fund VII"). Significantly oversubscribed, Fund VII closed
with $2 billion of capital
commitments and continues the Firm's highly successful strategy of
making control equity investments in U.S. lower middle market
companies.
Since its founding in 1993, H.I.G.'s private equity platform has
invested in middle market companies with elements of business,
industry, or transactional complexity that represent significant
opportunities for asymmetric risk / return. The Firm is one of the
largest and most active investors in the middle markets and invests
across a family of private equity funds focused on the U.S.,
Europe, and Latin America.
Sami Mnaymneh and Tony Tamer, H.I.G. Co-Founders and Co-Executive
Chairmen, commented, "We have been disciplined in maintaining our
middle market focus and are extremely proud of the consistent
results we have delivered for our investors. Fund VII is well
positioned to deliver the same strong performance as its
predecessor funds driven by our scale, operational capabilities,
and value-creation playbook."
Ricky Stokes, Managing Director
and Head of H.I.G. Capital Partners U.S., said, "Our dedicated
team of 68 professionals is capitalizing on opportunities in
today's macroeconomic environment. The current market volatility
plays to H.I.G.'s strengths of managing complex dynamics through
market cycles, and our scale and operational expertise give our
team an advantage in capturing opportunities; Fund VII's pipeline
is stronger than ever."
Jordan Peer Griffin, Executive
Managing Director and Global Head of Capital Formation, remarked,
"Fund VII was significantly oversubscribed by H.I.G.'s existing
base of investors who have been longstanding supporters of the Firm
and share our commitment to the middle market. Their support has
extended beyond Fund VII as investors actively seek opportunities
in the more attractive middle market space across private
alternatives. We are grateful for their continued partnership which
has enabled the closings of four H.I.G. funds in 2024 to date,
including Fund VII, as well as H.I.G. Advantage Buyout Fund II,
H.I.G. Europe Realty Partners III, and H.I.G. Infrastructure
Partners I."
Fund VII received strong support from a diverse group of limited
partners, including sovereign wealth funds, public and corporate
pensions, insurance and financial institutions, foundations,
endowments, family offices, and consultants in North America, Europe, the Middle
East, and Asia.
About H.I.G. Capital
H.I.G. Capital is a leading global alternative investment firm
with $65 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,
Dubai, and Hong Kong, H.I.G. specializes in providing
both debt and equity capital to middle market 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.
Contacts
Jordan Peer Griffin
Executive Managing Director
jpeer@hig.com
Ricky Stokes
Managing Director
Head of H.I.G. Capital Partners U.S.
rstokes@hig.com
H.I.G. Capital
1450 Brickell Avenue
31st Floor
Miami, FL 33131
P 305.379.2322
hig.com
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