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H.I.G. Capital Announces Closure of Oversubscribed Fund for Lower Middle Market

H.I.G. Capital, a prominent global alternative asset management firm, has recently declared the final closure of its latest initiative, H.I.G. Europe Capital Partners IV. This fund has successfully attracted commitments amounting to €1.6 billion within a mere six months of its launch, highlighting significant interest from both new and existing limited partners.

The newly-formed Fund IV is set to continue the robust investment strategy of its predecessors, targeting under-managed medium-sized enterprises across Europe. H.I.G. aims to implement its operational value creation manual, particularly focusing on complex scenarios and challenging transaction dynamics. With nearly two decades of experience in the region, H.I.G. boasts a dedicated team of over 150 investment professionals distributed across five European offices located in London, Milan, Hamburg, Paris, and Madrid.

Since making its inaugural investment in Europe back in 2007, the firm has engaged in 92 investments across the private equity landscape, reinforcing its commitment to the lower middle market sector.

Sami Mnaymneh and Tony Tamer, the co-founders and executive co-chairmen of H.I.G., noted, "Our global platform provides us with the scale, resources, and operational capabilities that set us apart in the mid-market. Our long-standing presence in Europe and our proven ability to generate value in complex situations have established H.I.G. as a preferred partner for private equity investors seeking differentiated exposure to the European mid-market."

Wolfgang Biedermann, the executive managing director and head of H.I.G. Private Equity for Europe, remarked, "We are launching Fund IV at an especially intriguing time, with numerous opportunities to execute our differentiated investment approach in the European lower middle market. We’re prioritizing control investments in under-managed operationally complex businesses, particularly where local origination, hands-on execution, and operational depth provide a clear competitive advantage. The strong performance and dynamics of previous vintages lay a solid foundation for continued success."

In a testament to the high level of investor confidence, Jordan Peer Griffin, global managing director noted, "We are grateful to our sponsors worldwide for their unwavering support. In a highly competitive fundraising environment, their ongoing commitment led to an oversubscribed closure in a condensed timeframe, reflecting trust in our strategy, execution capabilities, and the attractive opportunities within the European small and medium enterprise market."

Fund IV drew support from a diverse group of global limited partners, including asset managers, public and private pension funds, wealth management services, endowments and foundations, sovereign wealth funds, and consultants from North America, Europe, the Middle East, and Asia.

About H.I.G. Capital

H.I.G. Capital stands as one of the leading alternative investment firms globally, with $74 billion in assets under management. Headquartered in Miami, it operates offices in Atlanta, Boston, Chicago, Los Angeles, New York, San Francisco, and Stamford within the United States, alongside affiliated international offices in Hamburg, London, Luxembourg, Madrid, Milan, Paris, Bogotá, Rio de Janeiro, São Paulo, Dubai, and Hong Kong.

The firm specializes in providing both debt and equity capital for medium-sized businesses, employing a flexible and operationally-focused value creation methodology. H.I.G.’s equity funds invest in management buyouts, recapitalizations, and corporate divestitures, regardless of profitability or performance.

The firm’s debt funds focus on first lien, unitranche, and second lien financing for companies of all sizes, both on a primary (direct creation) basis and through secondary markets. H.I.G. also manages a publicly traded business development company, WhiteHorse Finance. Additionally, its real estate funds focus on value-added properties benefiting from improved asset management practices, while H.I.G. Infrastructure is dedicated to value-added and core-plus investments in the infrastructure sector.

Since its inception in 1993, H.I.G. has invested in and managed over 400 businesses globally. The firm's current portfolio includes more than 100 companies with a combined revenue exceeding $53 billion. For further details, visit H.I.G.'s website at hig.com.