#USA #H.I.G. Capital #Miami #H.I.G. WhiteHorse #Middle Market Lending

H.I.G. WhiteHorse Closes $5.9 Billion Fund

H.I.G. WhiteHorse, the direct lending arm of H.I.G. Capital, has successfully finalized its H.I.G. WhiteHorse Middle Market Lending Fund IV with a massive total of $5.9 billion in assets. This strategic move underscores the company’s ongoing commitment to providing top-tier secured financing solutions, particularly in the American middle market sector.

Investment Strategy and Performance

H.I.G. WhiteHorse has been an active investor in the U.S. direct lending space, having allocated roughly $18 billion across numerous transactions. With a portfolio comprising over 285 middle-market enterprises, the firm employs a strategy focused on first lien loans at floating rates, typically accompanied by tailored conditions and conservative loan-to-value ratios.

The newly launched Fund IV primarily aims to extend first lien loans to both sponsor-backed and non-sponsor-backed borrowers, with EBITDA levels generally ranging between $30 million to $100 million. This investment perspective has made H.I.G. a recognized leader in the middle-market investment arena.

Leadership Insights

Co-founders Sami Mnaymneh and Tony Tamer shared their insights, noting, "H.I.G. is one of the most significant and dynamic credit investors in the middle market, where H.I.G. WhiteHorse has established itself as a front-runner. Our disciplined focus on this space positions us uniquely in the market."

Additionally, Stuart Aronson, Executive Director and CEO of H.I.G. WhiteHorse, expressed optimism for the upcoming years, stating, "We foresee exceptional opportunities to be a value-added financial partner for middle-market businesses, irrespective of whether they are sponsor-backed or not, seeking private debt solutions. With 24 initiators across 13 regional markets, we are strategically placed to identify robust, differentiated transaction flows for our investors."

Jordan Peer Griffin, another Executive Director, emphasized the varied mix of limited partners attracted to Fund IV, which encompasses public and private pension funds, sovereign wealth funds, endowments, foundations, financial institutions, and family offices across North America, Europe, Asia, and the Middle East. Griffin pointed out, "Our partners hold confidence in our ability to continue our extensive history of superior risk-adjusted returns in fluctuating business landscapes."

About H.I.G. WhiteHorse

Founded with the objective of bridging the financing gap in the middle market, H.I.G. WhiteHorse offers debt funding across multiple sectors, including business services, industrials, consumer products, financial services, healthcare, telecommunications, media, and technology. Primarily focused on providing guarantee debt to facilitate refinancing, growth capital, acquisitions, as well as balance sheet recapitalizations, H.I.G. WhiteHorse prides itself on its comprehensive investment mandate.

The firm's credit team consists of 85 professionals located in both the U.S. and Europe, boasting a wealth of expertise and proven backgrounds in providing innovative financing structures, all while adhering to a long-term relationship-driven portfolio management philosophy.

For further details, visit whitehorse.com.

About H.I.G. Capital

Established in 1993, H.I.G. Capital stands as a premier global alternative investment firm with approximately $70 billion in capital under management. The firm operates from multiple locations, including Miami, Atlanta, Boston, and New York, along with various international offices across Europe, Latin America, and Asia. H.I.G. specializes in providing both debt and equity capital to middle-market companies, leveraging its operational approach to enhance value for its portfolio companies. Over the years, H.I.G. has invested in more than 400 businesses worldwide, with its current portfolio consisting of over 100 companies that collectively generate more than $53 billion in revenue. For more information, please visit hig.com.