– H.I.G. WhiteHorse, the direct lending affiliate of H.I.G. Capital, announced the final closing of H.I.G. WhiteHorse Middle Market Lending Fund IV.
– H.I.G. Capital is a global alternative asset manager with $70 billion of capital under management.
– Fund IV closed with $5.9 billion of assets.
– The fund continues the firm’s strategy of originating senior secured loans across the U.S. middle market.
– H.I.G. WhiteHorse has invested approximately $18 billion in U.S. direct lending transactions.
– The team has invested in over 285 middle market companies.
Investments are primarily senior secured floating rate loans with bespoke terms and conservative loan-to-value ratios.
– Fund IV targets sponsor and non-sponsor borrowers with EBITDA between $30 and $100 million.
– Co-founders Sami Mnaymneh and Tony Tamer emphasized H.I.G.’s leadership in middle market credit investing and disciplined focus.
– Stuart Aronson, CEO of H.I.G. WhiteHorse, highlighted future opportunities to provide private debt solutions, supported by 24 originators in 13 regional markets.
– Jordan Peer Griffin, Global Head of Capital Formation, noted Fund IV attracted diverse limited partners seeking strong deal flow and rigorous PE-style underwriting.
– Limited partners include pensions, sovereign wealth funds, endowments, foundations, consultants, financial institutions, and family offices across North America, Europe, Asia, and the Middle East.
