USD 2 billion — H.I.G. Capital closes heavily oversubscribed PE fund

Miami (USA) — H.I.G. Capi­tal (“ H.I.G. ” or the firm “”), a leading global alter­na­tive asset manage­ment firm with USD 65 billion of capi­tal under manage­ment, announ­ced the closing of H.I.G. Capi­tal Part­ners VII (“ Fund VII ”). Fund VII was signi­fi­cantly over­sub­scri­bed and closed with USD 2 billion of capi­tal commit­ments and conti­nues the firm’s highly successful stra­tegy of reali­zing majo­rity invest­ments in U.S. middle market compa­nies. Since its incep­tion in 1993, H.I.G.’s private equity plat­form has inves­ted in middle market compa­nies with elements of busi­ness, indus­try or tran­sac­tion 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 in a family of private equity funds focu­sed on the US, 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 achie­ved 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 USA, 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 in mana­ging complex dyna­mics through market cycles. 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, commen­ted, “Fund VII was signi­fi­cantly over­sub­scri­bed by HIG’s exis­ting base of inves­tors who have long been 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 for private alter­na­ti­ves. We are grateful for the conti­nua­tion of our part­ner­ship that enab­led the closing of four H.I.G. funds in 2024, 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 was stron­gly supported by a diverse group of limi­ted part­ners, inclu­ding sove­reign wealth funds, public and corpo­rate pensi­ons, insu­rance and finan­cial insti­tu­ti­ons, endow­ments, foun­da­ti­ons, family offices and consul­tants in North America, Europe, the Middle East and Asia.

About H.I.G.

H.I.G. Capi­tal is one of the world’s leading alter­na­tive invest­ment firms with $65 billion of capi­tal under manage­ment.* Head­quar­te­red in Miami with offices in Atlanta, Boston, Chicago, Los Ange­les, New York and San Fran­cisco in the U.S. and inter­na­tio­nal 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 with a flexi­ble, value-added approach focu­sed on opera­ti­ons: — H.I.G.’s equity funds invest in manage­ment buy-outs, reca­pi­ta­liza­ti­ons and corpo­rate carve-outs of both profi­ta­ble and under­per­forming manu­fac­tu­ring and service compa­nies. — H.I.G.’s debt funds invest in senior, unitran­che and subor­di­na­ted debt finan­cing for compa­nies of all sizes, both on a primary (direct) basis and 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-add real estate that can bene­fit from impro­ved asset manage­ment practices.
— H.I.G. Infra­struc­ture focu­ses on value-add and core-plus invest­ments in the infra­struc­ture sector.
Since its incep­tion in 1993, H.I.G. has inves­ted in and mana­ged more than 400 compa­nies world­wide. The firm’s current port­fo­lio compri­ses more than 100 compa­nies with a total turno­ver of over USD 53 billion. www.hig.com.