H.I.G. Expands Leadership Team

H.I.G. Capital has expanded its leadership team with the promotion of Rick Rosen and Brian Schwartz to Co-President, a newly created title.

Messrs. Rosen and Schwartz currently manage the H.I.G. U.S. Middle Market Fund and the H.I.G. Advantage Fund, respectively, and will work closely with Sami Mnaymneh and Tony Tamer, founders and co-CEOs of H.I.G., who will continue leading the firm in their current roles. Mr. Rosen joined H.I.G. in 1998 and Mr. Schwartz joined the firm in 1994.

H.I.G. also announced that Executive Managing Director Doug Berman has been promoted to the position of Head of U.S. Private Equity. He has been at H.I.G. since 1995 and is the head of the H.I.G. U.S. LBO Fund; John Bolduc, Executive Managing Director, will continue overseeing H.I.G.’s credit funds; and Wolfgang Biedermann has been promoted to Executive Managing Director and Head of European buyouts.

“This is an exciting and energizing development for H.I.G., and a logical step for us in the long-term leadership planning for the firm,” said Messrs. Mnaymneh and Tamer in a released statement. “We have never been more excited about the firm’s prospects than we are today. We have built a unique global platform with a very differentiated and scalable position, and we look forward to working with Rick, Brian, Doug, John and Wolfgang to further grow the firm and its capabilities.”

H.I.G. specializes in providing debt and equity capital to small and medium-sized companies and invests in management buyouts, recapitalizations and corporate carve-outs of both profitable as well as underperforming manufacturing and service businesses.

Last month, H.I.G. held a final and above target close of H.I.G. Middle Market LBO Fund III LP with $3.1 billion of capital commitments. H.I.G.’s earlier mid-market fund, H.I.G. Middle Market LBO Fund II LP, closed at its hard cap of $1.75 billion in February 2014. With the closing of this new fund, H.I.G. has more than $30 billion of capital under management.

H.I.G. was founded in 1993 and is headquartered in Miami with 15 additional offices across the US, Europe, and South America.

© 2019 Private Equity Professional | December 6, 2019

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