H.I.G. Capital, a global alternative asset management firm with $65 billion of capital under management, closed H.I.G. Capital Partners VII. Oversubscribed, fund VII closed with $2 billion of capital commitments.
“We have been disciplined in maintaining our middle market focus and are extremely proud of the consistent results we have delivered for our investors,” Sami Mnaymneh and Tony Tamer, co-founders and co-executive chairmen of H.I.G., said. “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.”
“Our dedicated team of 68 professionals is capitalizing on opportunities in today’s macroeconomic environment,” Ricky Stokes, managing director and head of H.I.G. Capital Partners U.S., said. “The current market volatility plays to H.I.G.’s strengths of managing complex dynamics through market cycles, and our scale and operational expertise give our team an advantage in capturing opportunities; fund VII’s pipeline is stronger than ever.”
“Fund VII was significantly oversubscribed by H.I.G.’s existing base of investors who have been longstanding supporters of the firm and share our commitment to the middle market,” Jordan Peer Griffin, executive managing director and global head of capital formation for H.I.G., said. “Their support has extended beyond fund VII as investors actively seek opportunities in the more attractive middle market space across private alternatives. We are grateful for their continued partnership which has enabled the closings of four H.I.G. funds in 2024 to date, 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 received support from a group of limited partners, including sovereign wealth funds, public and corporate pensions, insurance and financial institutions, foundations, endowments, family offices and consultants in North America, Europe, the Middle East and Asia.
