H.I.G. Capital Closes $3 Billion H.I.G. Advantage Buyout Fund Well Above Target
MIAMI – October 25, 2018 – H.I.G. Capital (“H.I.G.”), a leading global alternative asset management firm with $28 billion of equity capital under management, is pleased to announce the closing of the H.I.G. Advantage Buyout Fund (the “Fund”). The Fund closed with aggregate capital commitments of $3 billion*, exceeding its target. The Fund makes control equity investments in more stable, higher quality companies with EBITDA between $25 million and $100 million. The Fund will capitalize on H.I.G.’s established expertise in middle market private equity.
Sami Mnaymneh and Tony Tamer, Co-CEOs of H.I.G., commented: “We are pleased with the strong demand for the H.I.G. Advantage Buyout Fund. The positive response from our investors to this offering reflects their confidence in the capability of our team and our differentiated strategy.”
Brian Schwartz, Head of H.I.G. Advantage, commented: “Our team is well-positioned to pursue unique investment opportunities where H.I.G. can utilize its operational and strategic expertise to unlock value for our investors. The Fund has already made three investments and we continue to find compelling opportunities for earnings improvement and value creation.”
Added Jordan Peer, Head of H.I.G. Capital Formation, “We are pleased to have the support of our long-standing H.I.G. investors, along with welcoming new relationships to the H.I.G. private equity platform. The Fund is comprised of a prestigious group of investors including foundations, endowments, public and corporate pensions, consultants, sovereign wealth funds, and family offices in North America, Europe, Asia and the Middle East.”
Since inception, H.I.G. has invested in and managed over 300 companies worldwide. The firm’s current portfolio includes more than 100 companies with combined sales in excess of $30 billion.
About H.I.G. Capital
H.I.G. is a leading global private equity and alternative assets investment firm with $28 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, Mexico City, 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 growth investments, 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.
For more information, please refer to the H.I.G. website at www.higcapital.com.
* Includes commitments from the Fund’s general partner and related parties, as well as co-investment vehicles.
** Based on total capital commitments managed by H.I.G. Capital and affiliates.