H.I.G. Capital Closes $2 Billion Fund VII Amid Strong Investor Demand
– H.I.G. Capital is a global alternative asset management firm with $65 billion under management.
– Recently closed H.I.G. Capital Partners VII (“Fund VII”) with $2 billion in capital commitments.
– Fund VII was significantly oversubscribed, indicating high investor demand.
– The fund continues H.I.G.’s strategy of control equity investments in U.S. lower middle market companies.
– Since 1993, H.I.G. has focused on middle market investments with complex opportunities for high risk/return.
– The firm invests in middle markets across the U.S., Europe, and Latin America through its family of private equity funds.
– Co-founders Sami Mnaymneh and Tony Tamer emphasize their focus on the middle market and consistent investor returns.
– Richard Stokes, Managing Director, highlights the team’s strength in navigating complex market dynamics and current market volatility.
– Fund VII is supported by 68 professionals leveraging H.I.G.’s scale and operational expertise.
– Jordan Peer Griffin, Executive Managing Director, notes significant investor interest and support for H.I.G.’s funds beyond Fund VII.
– In 2024, H.I.G. has closed four funds: Fund VII, H.I.G. Advantage Buyout Fund II, H.I.G. Europe Realty Partners III, and H.I.G. Infrastructure Partners I.
– Fund VII’s diverse investor base includes sovereign wealth funds, pensions, insurance, financial institutions, foundations, endowments, family offices, and consultants from North America, Europe, the Middle East, and Asia.