H.I.G. Capital closed H.I.G. Capital Partners VI with aggregate capital commitments of $1.3 billion.
The fund will continue the strategy of H.I.G.’s five predecessor lower middle market funds by making private equity investments in lower middle market companies primarily in North America.
“We are grateful for the continued support from our longstanding investors, reflecting the strong performance and differentiated investment approach of our lower middle market strategy throughout the course of H.I.G.’s 27-year history.” Sami Mnaymneh and Tony Tamer, co-founders and co-CEOs at H.I.G., said in a joint statement.
“The current economic environment presents both challenges as well as opportunities, and we are very confident that our experienced team will be able to navigate through this uncertainty and find compelling investment opportunities.” Doug Berman, head of U.S. private equity for H.I.G., said.
“The fund received overwhelming global support from our investors, allowing us to complete an entirely virtual fundraising process within a compact time frame of a few months. We are grateful for these long-standing partners across North America, Europe, the Middle East and Asia,” Jordan Peer, managing director and global head of H.I.G. Capital Formation, said.
H.I.G. is a global private equity and alternative assets investment firm with $40 billion of equity capital under management.
