Brian Schwartz Named New CEO of H.I.G. Capital as Company Evolves
H.I.G. Capital, a renowned global alternative investment firm managing a staggering $74 billion in assets, has kicked off a significant leadership transition by appointing Brian Schwartz as its new Chief Executive Officer. This pivotal change comes as the company continues its journey of growth and strategic evolution.
Brian Schwartz, a long-standing member of H.I.G.'s executive team and co-chairman, steps into his new role, taking over from co-founder Sami Mnaymneh. Mnaymneh will transition to the position of Executive Chairman of the Board, where he will remain actively engaged in the firm’s operations and strategic direction. Alongside him, co-founder Tony Tamer will also serve as Chairman, ensuring that the company’s vision stays aligned with its long-term goals.
The announcement of Schwartz's elevation reflects a broader strategic restructuring aimed at enhancing H.I.G.’s global footprint in the alternative investment landscape. The firm has marked its presence with over 1,000 team members operating from 18 key offices across nine countries, executing more than 3,500 transactions since its inception in 1993.
Sami Mnaymneh expressed enthusiastic support for Schwartz's promotion, remarking, "Brian has played a significant role in our success and has been instrumental in evolving the business into a multi-strategy global platform. Under his leadership, I am confident that H.I.G. will continue to strengthen its position in the middle market."
Schwartz has been a cornerstone of H.I.G.'s operations since joining the firm in 1994, progressing through several leadership roles and contributing to the strategic direction of the company. For the past six years as co-chairman, he oversaw the daily operations and maintained an active role in the investment committees for all H.I.G. funds. Schwartz remarked on his new role, stating, "It is an honor to take on the role of CEO at this critical juncture of our evolution. I am incredibly thankful to Sami and Tony for creating a firm that stands out due to its investment discipline and operational focus."
In addition to Schwartz's promotion, Doug Berman, the head of U.S. Private Equity, has also been promoted to co-chairman alongside Rick Rosen. Berman, who has been with H.I.G. since 1996, commented on his new responsibilities: "My priority is to ensure that we remain disciplined in our investing approach, stay close to our portfolio companies, and maintain high execution levels across the organization."
This strategic transition at H.I.G. aligns with the firm’s mission to continue providing flexible, operation-focused capital solutions. H.I.G. specializes in delivering equity and debt capital to mid-sized companies, employing an operationally-driven investment approach. The firm’s diverse portfolio ranges from private equity investments to real estate and infrastructure, enhancing its standing in the global investment landscape.
With the new leadership in place, H.I.G. Capital is poised for its next phase of growth. The firm is committed to leveraging its established platform and experienced team to seize emerging opportunities, ultimately continuing to deliver strong returns to its investors.
Founded in 1993, H.I.G. Capital has built a reputation as a leading global investor, managing over 400 companies worldwide, with a substantial current portfolio contributing to more than $53 billion in combined revenue. H.I.G. operates various strategies, including buyouts, recapitalizations, and investments in both performing and underperforming companies across a variety of sectors.
With a solid foundation and a strategic approach to leadership, H.I.G. Capital is set to enhance its impact on the investment marketplace and ensure long-term growth and stability under the guidance of its new CEO, Brian Schwartz, and co-chairmen, Doug Berman and Rick Rosen.
Brian Schwartz, a long-standing member of H.I.G.'s executive team and co-chairman, steps into his new role, taking over from co-founder Sami Mnaymneh. Mnaymneh will transition to the position of Executive Chairman of the Board, where he will remain actively engaged in the firm’s operations and strategic direction. Alongside him, co-founder Tony Tamer will also serve as Chairman, ensuring that the company’s vision stays aligned with its long-term goals.
The announcement of Schwartz's elevation reflects a broader strategic restructuring aimed at enhancing H.I.G.’s global footprint in the alternative investment landscape. The firm has marked its presence with over 1,000 team members operating from 18 key offices across nine countries, executing more than 3,500 transactions since its inception in 1993.
Sami Mnaymneh expressed enthusiastic support for Schwartz's promotion, remarking, "Brian has played a significant role in our success and has been instrumental in evolving the business into a multi-strategy global platform. Under his leadership, I am confident that H.I.G. will continue to strengthen its position in the middle market."
Schwartz has been a cornerstone of H.I.G.'s operations since joining the firm in 1994, progressing through several leadership roles and contributing to the strategic direction of the company. For the past six years as co-chairman, he oversaw the daily operations and maintained an active role in the investment committees for all H.I.G. funds. Schwartz remarked on his new role, stating, "It is an honor to take on the role of CEO at this critical juncture of our evolution. I am incredibly thankful to Sami and Tony for creating a firm that stands out due to its investment discipline and operational focus."
In addition to Schwartz's promotion, Doug Berman, the head of U.S. Private Equity, has also been promoted to co-chairman alongside Rick Rosen. Berman, who has been with H.I.G. since 1996, commented on his new responsibilities: "My priority is to ensure that we remain disciplined in our investing approach, stay close to our portfolio companies, and maintain high execution levels across the organization."
This strategic transition at H.I.G. aligns with the firm’s mission to continue providing flexible, operation-focused capital solutions. H.I.G. specializes in delivering equity and debt capital to mid-sized companies, employing an operationally-driven investment approach. The firm’s diverse portfolio ranges from private equity investments to real estate and infrastructure, enhancing its standing in the global investment landscape.
With the new leadership in place, H.I.G. Capital is poised for its next phase of growth. The firm is committed to leveraging its established platform and experienced team to seize emerging opportunities, ultimately continuing to deliver strong returns to its investors.
Founded in 1993, H.I.G. Capital has built a reputation as a leading global investor, managing over 400 companies worldwide, with a substantial current portfolio contributing to more than $53 billion in combined revenue. H.I.G. operates various strategies, including buyouts, recapitalizations, and investments in both performing and underperforming companies across a variety of sectors.
With a solid foundation and a strategic approach to leadership, H.I.G. Capital is set to enhance its impact on the investment marketplace and ensure long-term growth and stability under the guidance of its new CEO, Brian Schwartz, and co-chairmen, Doug Berman and Rick Rosen.
Topics Financial Services & Investing）
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