H.I.G. Closes New Middle Market Fund

H.I.G. Closes New Middle Market Fund

HIG NF 4H.I.G. Capital has closed its latest fund, H.I.G. Middle Market LBO Fund II, at its $1.75 billion hard cap.

“We value the strong relationships we maintain with our existing investors, which enabled us to raise the fund quickly and resulted in the fund being significantly over-subscribed,” said Sami Mnaymneh and Tony Tamer, co-founders and Managing Partners of H.I.G. Capital, in a released statement.

As with earlier funds, the new fund will continue H.I.G. Capital’s investment strategy of focusing on private equity, buyout and equity-related investments in middle-market companies primarily in the United States.

“With the new fund, we will continue to focus on investing in middle market companies where we see significant opportunities for earnings improvement and value creation. Our team’s extensive operational experience will continue to be a key factor in driving the operational and financial performance of our portfolio companies,” said Brian Schwartz and Rick Rosen, Executive Managing Directors of H.I.G. Capital.

H.I.G. Capital specializes in providing capital to small and medium-sized companies and invests in management-led buyouts and recapitalizations of manufacturing or service businesses. H.I.G. Capital has more than $15 billion of capital under management. The firm was founded in 1993 and is based in Miami with additional offices in Atlanta, Boston, Chicago, Dallas, New York, San Francisco, London, Hamburg, Madrid, Milan, Paris, and Rio de Janeiro (www.higcapital.com).

© 2014 PEPD • Private Equity’s Leading News Magazine • 2-11-14

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