H.I.G. Bayside Capital, the special situations credit affiliate of H.I.G. Capital, a global alternative investment firm, closed H.I.G. Bayside Loan Opportunity Fund VII. The fund closed with $1 billion of aggregate capital commitments.
“H.I.G. is one of the largest and most active credit investors dedicated to the middle markets,” Sami Mnaymneh and Tony Tamer, co-founders and co-executive chairmen of H.I.G., said. “The H.I.G. Bayside Europe team benefits from our highly synergistic platform across the U.S., European and Latin American middle markets, as evidenced by the risk-adjusted returns the firm has generated over multiple cycles.”
“We are very pleased to have fresh capital to deploy into one of the most compelling market environments for special situations credit investing where a significant number of levered European businesses are facing challenges,” Andrew Scotland and Duncan Priston, co-heads of H.I.G. Bayside Europe Fund, said. “Our team is well positioned to capitalize on the investment opportunities available.”
“We aim to provide limited partners with a full spectrum of investment opportunities across private equity, credit and real assets in the middle market,” Jordan Peer Griffin, executive managing director and global head of capital formation for H.I.G., said. “Limited partner backing of the fund demonstrates strong interest in the middle market and conviction in H.I.G.’s differentiated approach. We are thankful for the strong support the fund received from a diverse and global investor base in North America, Europe, Asia and the Middle East, including public and private sector pensions, endowments, foundations, asset managers, consultants, fund of funds, financial institutions and family offices.”
