H.I.G. Capital closes third growth buyout fund at $970 mln


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H.I.G. Capital has raised $970 million for its third growth buyout fund.

H.I.G. Growth Buyouts & Equity Fund III’s limited partners include foundations, endowments, public and corporate pensions, consultants, sovereign wealth funds and family offices in North America, Europe, Asia and the Middle East. The fund will focus on the tech sector, including business services, software, digital adtech, e-commerce/consumer, online/internet services, healthcare and industrial technology.

In July 2011, H.I.G. closed its previous growth buyout fund at $500 million. No performance data was available on the fund.

Based in Miami, H.I.G. currently has $28 billion of equity capital under management.