H.I.G. WhiteHorse Closes Latest Direct Lending Fund at $1.65 Billion
MIAMI – July 19, 2021 – H.I.G. WhiteHorse, the credit affiliate of H.I.G. Capital (“H.I.G.”), a leading global alternative investment firm with $44 billion of equity capital under management, announced the closing of its latest direct lending strategy, H.I.G. WhiteHorse Direct Lending Fund – 2020 (the “Fund”). The Fund closed with aggregate capital commitments of approximately $1.65 billion,* well exceeding its target. The Fund will continue H.I.G.’s successful investment strategy of originating tailored senior secured financing solutions to primarily non-sponsor owned companies in the U.S.
Sami Mnaymneh and Tony Tamer, Co-CEOs of H.I.G., commented: “We are delighted with the success of H.I.G. WhiteHorse. The strong response from our investors reflects their confidence in the capability of our team and our differentiated strategy.”
Stuart Aronson, Head of U.S. Direct Lending, commented: “The next several years will present a compelling opportunity to partner with non-sponsor owned companies in need of private debt solutions. H.I.G.’s synergistic platform is well positioned to continue to build on H.I.G.’s long-standing track record of being a value-added debt provider to leading small/mid-cap companies.”
Added Jordan Peer, Head of H.I.G. Capital Formation, “The Fund received strong support from a diverse and global investor base in North America, Europe, Asia and the Middle East, including sovereign wealth funds, public and corporate pensions, consultants, foundations, endowments, and family offices.”
About H.I.G. Capital
H.I.G. is a leading global private equity and alternative assets investment firm with $44 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, 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 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.
Since its founding in 1993, H.I.G. has invested in and managed more than 300 companies worldwide. The firm’s current portfolio includes more than 100 companies with combined sales in excess of $30 billion. For more information, please refer to the H.I.G. website at www.higcapital.com.
*Includes the Fund and other investment vehicles raised in conjunction with the Fund, including separately managed accounts that will invest with the Fund.
** Based on total capital commitments managed by H.I.G. Capital and affiliates.