H.I.G. Capital 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.
H.I.G. Capital made several senior level promotions, including promoting Stuart Aronson and Jordan Peer Griffin to executive managing director roles within the company.
H.I.G. WhiteHorse 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.
H.I.G. Bayside Capital, the distressed debt and special situation affiliate of H.I.G. Capital, closed H.I.G. Bayside Loan Opportunity Fund VI. The fund closed with aggregate capital commitments of $1.4 billion, exceeding its target.
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.