H.I.G. Capital Successfully Launches Oversubscribed European Lower Middle Market Fund
H.I.G. Capital, a prominent global alternative asset management firm, has made headlines recently with the closure of H.I.G. Europe Capital Partners IV, reaching an impressive €1.6 billion in capital commitments within just six months of its launch. This rapid closing is a significant indicator of the robust appetite among investors for opportunities in the European lower middle market.
The firm, which manages about $74 billion in invested capital, has marked this event as a key milestone in its long-term strategy focusing on underperforming and operationally complex businesses in Europe. With a wealth of experience spanning 19 years and a dedicated team of over 150 professionals across major cities including London, Milan, Paris, and Hamburg, H.I.G. Capital aims to leverage its operational value-creation approach in navigating this dynamic investment landscape.
H.I.G. Europe Capital Partners IV continues the successful strategy of its predecessors, not only expanding its portfolio but also reinforcing its brand reputation as a partner of choice for investors seeking enhanced exposure to the European market. The firm has previously completed 92 platform investments since its inaugural investment in Europe back in 2007, signaling a proven track record and expertise that appeals to investors around the globe.
In a statement, Sami Mnaymneh and Tony Tamer, co-founders of H.I.G., highlighted the unique capabilities their platform brings to the middle market, especially in developing tailored investment strategies that yield value in complex situations. They emphasized that now is an opportune time to enter the European lower middle market, where numerous undervalued opportunities await.
Wolfgang Biedermann, Executive Managing Director at H.I.G. Private Equity in Europe, remarked on the competitive landscape, asserting that Fund IV is poised to take advantage of the myriad of prospects available, particularly focusing on actionable control investments that hinge on operational oversight and localized execution. This strategic focus, he believes, sets them apart in the competitive field.
Moreover, Jordan Peer Griffin, Executive Managing Director and Global Head of Capital Formation, expressed gratitude for the overwhelming support from a diverse range of limited partners, including asset managers and institutional investors located in North America, Europe, and Asia. He noted that this strong backing has been instrumental in achieving an oversubscribed close for Fund IV, thus validating H.I.G.'s strategic approach and execution capabilities.
Looking ahead, H.I.G. Capital stands ready to embrace the expansive potential the European market offers, supported by its diverse and committed network of investors. Their commitment to enhancing operational management within businesses only solidifies their position as a leader in the private equity space. In conclusion, as the firm embarks on the new chapter with Fund IV, stakeholders will be keen to witness the impact of its investment strategies in driving value within this rapidly evolving market landscape.