H.I.G. Capital said Monday that it closed its fifth buyout fund at $1 billion. H.I.G. Capital Partners V will invest in private equity, buyout and equity-related investments in lower middle-market companies primarily in the United States.
H.I.G. Capital announced today that it has successfully closed H.I.G. Capital Partners V at its $1 billion cap. The fund will continue the strategy of H.I.G. Capital’s four predecessor funds, focusing on private equity, buyout and equity-related investments in lower middle-market companies primarily in the United States.
Sami Mnaymneh and Tony Tamer, co-founders and Managing Partners of H.I.G. Capital, commented: “We are very happy with how quickly we were able to raise H.I.G.’s fifth buyout fund and, in particular, that the fund was significantly over-subscribed from existing H.I.G. investors.” Doug Berman, Executive Managing Director of H.I.G. Capital, added: “The new fund will allow us to continue our successful strategy of investing in privately-held companies and non-core subsidiaries of larger companies that present significant opportunities for earnings improvement and value creation.”
About H.I.G. Capital
H.I.G. Capital is a leading global private equity investment firm with more than $11 billion of equity capital under management. Based in Miami, and with offices in Atlanta, Boston, Chicago, Dallas, New York, and San Francisco in the U.S., as well as international affiliate offices in London, Hamburg, Madrid, Paris, and Rio de Janeiro, H.I.G. specializes in providing capital to small and medium-sized companies with attractive growth potential. H.I.G. invests in management-led buyouts and recapitalizations of profitable and well managed manufacturing or service businesses. H.I.G. also has extensive experience with financial restructurings and operational turnarounds. Since its founding in 1993, H.I.G. invested in and managed more than 200 companies worldwide.