H.I.G. WhiteHorse, the credit affiliate of H.I.G. Capital, a global alternative investment firm with $44 billion of equity capital under management, closed its latest direct lending strategy, H.I.G. WhiteHorse Direct Lending Fund – 2020. The fund closed with aggregate capital commitments of approximately $1.65 billion, exceeding its target. The fund will continue H.I.G.’s investment strategy of originating senior secured financing solutions to primarily non-sponsor owned companies in the U.S.
“We are delighted with the success of H.I.G. WhiteHorse,” Sami Mnaymneh and Tony Tamer, co-CEOs of H.I.G., said in a joint statement. “The strong response from our investors reflects their confidence in the capability of our team and our differentiated strategy.”
“The next several years will present a compelling opportunity to partner with non-sponsor owned companies in need of private debt solutions. H.I.G.’s synergistic platform is well positioned to continue to build on H.I.G.’s long-standing track record of being a value-added debt provider to leading small/mid-cap companies,” Stuart Aronson, head of U.S. direct lending for H.I.G., said.
“The fund received strong support from a diverse and global investor base in North America, Europe, Asia and the Middle East, including sovereign wealth funds, public and corporate pensions, consultants, foundations, endowments and family offices,” Jordan Peer, head of H.I.G. Capital Formation, said.