H.I.G. Capital said Sept. 23 that it hired Ed Pallesen to lead its infrastructure team in the U.S. Pallesen was previously a managing director at Goldman Sachs, where he led the Americas team at the Goldman Sachs Infrastructure fund.
September 23, 2019 06:00 AM Eastern Daylight Time
NEW YORK–(BUSINESS WIRE)–H.I.G. Capital (“H.I.G.”), a leading global private equity investment firm with over $34 billion of equity capital under management, announced today that it has hired Ed Pallesen to lead its Infrastructure team in the U.S.
Pallesen was previously a Managing Director at Goldman Sachs, where he led the Americas team at the Goldman Sachs Infrastructure fund. He started his career in Goldman Sachs’ Investment Banking division, spending several years on the TMT team. He is a graduate of the Harvard Law School and Oxford University where he was a Rhodes Scholar. He also clerked at the U.S. Supreme Court.
H.I.G.’s Infrastructure investments are focused on mid-market opportunities and target mostly operating companies that can benefit from H.I.G.’s value added operating expertise. H.I.G. has previously completed more than a dozen such investments.
Sami Mnaymneh and Tony Tamer, founders and co-CEOs of H.I.G. commented: “We are delighted to welcome Ed to H.I.G. He brings a distinguished pedigree and track record to the firm and is the ideal person to lead our infrastructure activities.”
Ed Pallesen added: “I am very excited to be joining the H.I.G. team. Tapping into the H.I.G. platform and the operating capabilities of its private equity team to drive value creation and superior returns in infrastructure assets is a unique opportunity and I look forward to expanding the firm’s activities in what is an overlooked segment of the infrastructure market.”
About H.I.G. Capital
H.I.G. is a leading global private equity and alternative assets investment firm with over $34 billion of equity capital under management.* Based in Miami, and with offices in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco, and Atlanta in the U.S., as well as international affiliate offices in London, Hamburg, Madrid, Milan, Paris, Bogotá, Rio de Janeiro and São Paulo, H.I.G. specializes in providing both debt and equity capital to small and mid-sized companies, utilizing a flexible and operationally focused/ value-added approach:
1. H.I.G.’s equity funds invest in management buyouts, recapitalizations and corporate carve-outs of both profitable as well as underperforming manufacturing and service businesses.
2. H.I.G.’s debt funds invest in senior, unitranche and junior debt financing to companies across the size spectrum, both on a primary (direct origination) basis, as well as in the secondary markets. H.I.G. is also a leading CLO manager, through its WhiteHorse family of vehicles, and manages a publicly traded BDC, WhiteHorse Finance.
3. H.I.G.’s real estate funds invest in value-added properties, which can benefit from improved asset management practices.
Since its founding in 1993, H.I.G. has invested in and managed more than 300 companies worldwide. The firm’s current portfolio includes more than 100 companies with combined sales in excess of $30 billion. For more information, please refer to the H.I.G. website at www.higcapital.com.
* Based on total capital commitments managed by H.I.G. Capital and affiliates.