Alternative investment firm H.I.G Capital promoted Keval Patel to head of U.S. middle market LBO funds, Adam Schimel to co-head of H.I.G’s Bayside Capital special situations and distressed debt strategy, Ricky Stokes to head of U.S. lower middle market funds and Jeff Zanarini to head of business development for all U.S. private equity funds.
H.I.G. Capital, a global alternative asset management firm, closed its third European lower middle market fund, H.I.G. Europe Capital Partners III, with aggregate capital commitments of $1.3 billion (€1.1 billion).
H.I.G. Capital hired Andrew Liau to co-lead its infrastructure team alongside Ed Pallesen. Liau has more than 20 years of experience in private equity and investment banking. Before joining H.I.G. Capital, he was a senior managing director in the infrastructure group at Ardian.