Timur Akazhanov joined H.I.G. Capital as a managing director of the firm’s advantage fund. Akazhanov is based in H.I.G.’s New York office, where he focuses on investing in business services and tech-enabled services sectors.

Akazhanov has more than a decade of private equity experience in a range of industries, including services, education, industrials, media and healthcare. Prior to joining H.I.G., Akazhanov was a managing director at Blackstone, focusing on industrials, education and service businesses. Prior to Blackstone, he spent four years at Bain Capital and two years at McKinsey and Company.

“We are delighted to welcome Timur to the team. His deep industry experience will be invaluable to the advantage team as we continue sourcing promising opportunities for the advantage fund, which makes control equity investments in more stable companies with EBITDA between $25 million and $150 million,” Brian Schwartz, co-president of H.I.G. Capital, said.

H.I.G. Capital is an alternative investment firm with $39 billion of equity capital under management.