#United States #H.I.G. Capital #Miami #Bayside Capital #Investment Fund

H.I.G. Capital Launches New Fund

H.I.G. Bayside Capital, a prominent credit investment firm within H.I.G. Capital, has successfully closed its new fund, the H.I.G. Bayside Loan Opportunity Fund VII, with an impressive total of $1 billion in capital commitments. This significant achievement aligns with H.I.G.'s long-established strategy of targeting special situations credit investments, particularly within the European middle market.

Established in 2006, H.I.G. Bayside's European strategy primarily focuses on senior secured credit in stressed and special situations, striving for equity-like returns for its investors. The fund has demonstrated a commitment to a disciplined approach in constructing its portfolio and selecting deals, consistently yielding higher returns while minimizing volatility compared to alternative credit indices.

The previous fund, the H.I.G. Bayside Loan Opportunity Fund V, garnered notable acclaim as it was awarded the title of Best Performing Debt Fund by Private Equity Wire/Bloomberg in 2022. This recognition is a testament to the firm's successful methodologies and track record in the field.

In a joint statement, H.I.G. Co-Founders Sami Mnaymneh and Tony Tamer remarked on the firm's expansive presence as one of the largest credit investors dedicated to middle-market opportunities. They emphasized the synergistic advantages provided by their global platforms in the U.S., Europe, and Latin America, which have contributed significantly to the firm's favorable risk-adjusted returns over diverse market cycles.

Andrew Scotland and Duncan Priston, co-heads of H.I.G. Bayside Europe, expressed their enthusiasm for deploying fresh capital into a market teeming with compelling investment opportunities. In light of numerous levered European businesses currently facing financial challenges, the team is strategically positioned to capitalize on these high-potential situations.

Jordan Peer Griffin, Executive Managing Director and Global Head of Capital Formation, also shared insights regarding the fund’s objectives. He indicated that they aim to furnish limited partners with a broad spectrum of investment possibilities encompassing private equity, credit, and real assets across the middle market. The strong response from a diverse global investor base, including public and private pensions, endowments, asset managers, and financial institutions, highlights the market's confidence in H.I.G.'s distinct approach to investment.

About H.I.G. Bayside Capital

H.I.G. Bayside Capital specializes in middle-market investments, focusing on primary and secondary debt capital markets to generate long-term returns. With a robust network of eight offices in the U.S. and Europe, the firm houses over 500 experienced professionals dedicated to optimizing investment strategies and maximizing risk-adjusted returns. The firm’s ethos emphasizes operational value addition combined with operational flexibility, set to navigate complex market landscapes effectively.

H.I.G. Capital, established in 1993 and headquartered in Miami, is a key player in the global alternative investment landscape, managing $66 billion in capital across a myriad of sectors. Its investments span management buyouts, recapitalizations, and corporate carve-outs, aimed primarily at both flourishing and underperforming businesses within the manufacturing and services sectors. H.I.G. also engages in debt financing ventures, investing in senior, unitranche, and junior debt across various company sizes nationwide.

With the backdrop of an increasingly challenging European market, the closing of the H.I.G. Bayside Loan Opportunity Fund VII stands as a beacon of opportunity, showcasing H.I.G. Capital's commitment to fostering growth among middle-market companies while delivering substantial value for its investors.