H.I.G. Capital, a global alternative asset management firm with $58 billion of capital under management, closed H.I.G. Middle Market LBO Fund IV. The fund closed with aggregate capital commitments of $5.5 billion in addition to co-investment separately managed accounts of $450 million, significantly exceeding its original target.
“We are delighted with the continued support from our investors, reflecting the strong performance of the H.I.G. Middle Market team and its differentiated investment approach,” Sami Mnaymneh and Tony Tamer, co-founders and co-CEOs of H.I.G., said in a joint statement. “We are confident that our unique platform will continue to set us apart in this space.”
“We are excited to build upon H.I.G.’s successful middle market strategy with this latest fund,” Keval Patel, head of H.I.G. Middle Market, said. “Our scale and operational expertise dedicated to the middle market continue to create a meaningful competitive advantage for us and allow us to drive significant returns to our investors regardless of the macroeconomic environment.”
“The resounding support of our limited partners led to a successful fundraise that was meaningfully oversubscribed during a very difficult fundraising environment,” Jordan Peer Griffin, executive managing director and global head of capital formation at H.I.G., said. “It is a testament to our investors’ high level of confidence in H.I.G., our investment strategy, and our ability to consistently source attractive investments and generate outstanding returns.”
