#USA #Miami #Lending #H.I.G. WhiteHorse #Fund IV

H.I.G. WhiteHorse Successfully Completes the Fund IV Closing

H.I.G. WhiteHorse, a subsidiary of H.I.G. Capital, has announced the successful closing of its Middle Market Lending Fund IV, raising an impressive $5.9 billion. This funding marks a significant advancement in H.I.G. WhiteHorse's ongoing strategy to provide senior secured loans primarily to the middle market sector across the United States.

With a total of around $18 billion allocated to direct lending opportunities in the U.S., H.I.G. WhiteHorse has made investments in over 285 mid-sized companies through senior secured, variable-rate loans. These loans are often tailored with conservative leverage ratios to ensure risk management while maximizing returns. The newly launched Fund IV will primarily focus on providing secured loans to both sponsor-backed and non-sponsor companies, generally targeting those with an EBITDA ranging from $30 to $100 million.

Founders and co-CEOs of H.I.G., Sami Mnaymneh and Tony Tamer, expressed their satisfaction with the firm’s established position in the middle market, emphasizing their commitment to maintaining a focus on this sector. They believe that the unique strategy of targeting both sponsor and non-sponsor borrowers will set them apart as major contributors in the lending landscape.

Stuart Aronson, Managing Director and CEO of H.I.G. WhiteHorse, conveyed optimism about the opportunities that lie ahead in the coming years. He stated that they aim to act as a value-added financial partner for both sponsor and non-sponsor middle-market companies seeking private debt solutions. H.I.G. WhiteHorse is strategically positioned with 24 originators across 13 regional markets, ensuring a strong and differentiated deal flow for their investors.

Jordan Peer Griffin, Managing Director and Global Head of Capital Formation at H.I.G., commented on the diverse group of limited partners that Fund IV attracted. This group is searching for distinctive deal opportunities coupled with rigorous credit underwriting practices, ensuring a down-side protection aligned with attractive yields. Griffin noted their confidence in maintaining a strong performance track record of delivering exceptional risk-adjusted returns amid evolving market conditions.

The Fund IV has garnered support from a global array of limited partners, including public and private pension funds, sovereign wealth funds, foundations, consultants, financial institutions, and family offices from North America, Europe, Asia, and the Middle East.

About H.I.G. WhiteHorse

H.I.G. WhiteHorse specializes in providing debt financing to both non-sponsored and sponsor-backed middle-market companies across various industries, including business services, manufacturing, consumer goods and retail, financial services, healthcare, and telecommunications, media, and technology. The firm primarily offers senior secured loans for refinancings, growth capital, acquisitions, buyouts, and balance sheet recapitalizations.

Comprising 85 credit experts in both the U.S. and Europe, the H.I.G. WhiteHorse team brings extensive experience and a proven track record of providing innovative financing solutions, underscored by a long-term, relationship-focused portfolio management philosophy. For further information on H.I.G. WhiteHorse, please visit whitehorse.com.

About H.I.G. Capital

H.I.G. Capital, headquartered in Miami, is a leading global alternative investment firm boasting managed capital of $70 billion. The firm has established its presence not only across the United States with offices in major cities like Atlanta, Boston, Chicago, Los Angeles, New York, San Francisco, and Stamford, but also internationally in cities such as Hamburg, London, Luxembourg, Madrid, Milan, Paris, Bogotá, Rio de Janeiro, São Paulo, Dubai, and Hong Kong.

Since its inception in 1993, H.I.G. has invested in over 400 companies worldwide, successfully managing a portfolio that includes more than 100 businesses generating a total revenue exceeding $53 billion. For details on H.I.G. Capital, visit hig.com.