|Headquarters||Miami, Florida, United States|
|Sami Mnaymneh, co-founding Partner
Tony Tamer, co-founding Partner
|Products||Private Equity, Growth Equity, Life Sciences, Credit/Special Situations, Real Estate, Lending, Syndicated Credit|
|Total assets||$17 billion|
H.I.G. Capital is global private equity and alternative assets investment firm with more than $17 billion of equity capital under management. The firm operates a family of private equity, growth equity, life sciences, real estate, credit/special situations, lending and syndicated credit funds.
Based in Miami, and with offices in New York, Boston, Chicago, Dallas, San Francisco, and Atlanta in the U.S., as well as affiliate offices in London, Hamburg, Madrid, Milan, Paris and Rio de Janeiro, H.I.G. Capital specializes in providing both debt and equity capital to small and mid-sized companies, utilizing an operationally focused/ value-added approach.
Overview and History
H.I.G. was founded in 1993 by Sami Mnaymneh, formerly a managing director at The Blackstone Group and Tony Tamer, previously a partner at Bain & Company. In 1993, the first H.I.G. fund was originally launched with a focus on small to midsize investments and a strong emphasis on in-house operational expertise. H.I.G. currently operates a family of funds:
- 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.
- 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 on 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.
- Other H.I.G. funds invest in various real assets, including real estate and shipping.
Since its founding, H.I.G. had raised a significant number of funds, including most recently:
- H.I.G. Middle Market Fund II (2014) — $1.75 billion fund, focused on leveraged buyouts of middle market companies.
- H.I.G. Capital Partners V (2013) — $1.0 billion fund, focused on leveraged buyouts of small-capitalization companies
- H.I.G. European Capital Partners II (2013) — €825 EUR million fund, focused on European leveraged buyouts.
- H.I.G. Bayside Debt and LBO Fund II (2008) — $3 billion fund, focused on distressed securities.
- H.I.G. Bayside Europe Loan Opportunity Fund III (2013) — $1.0 billion fund focused on secondary purchases of senior loans and new issue loan originations in Europe
- H.I.G. Bayside Loan Opportunity Fund II (2010) — $1.1 billion fund focused on secondary purchases of senior loans and new issue loan originations
- H.I.G. Growth Equity Fund II, L.P. (2011) — $500 million fund, focused on strong, growth oriented small-capitalization businesses
- H.I.G. BioVentures II (2012) — $268 million fund, focused on pharmaceuticals, medical devices, and diagnostics
- WhiteHorse VI, Ltd (2013) — $415.5 million collateralized loan obligation (CLO) fund, focused on investing in the broadly-syndicated loan space
Today, the company claims to be "the largest and most active private equity firm in the lower-middle market." Its team includes more than 250 professionals worldwide. Since inception, H.I.G. has invested in and managed more than 200 companies worldwide. The firm's current portfolio includes more than 80 companies with combined sales in excess of $30 billion.
- "H.I.G. Capital Secures $1.75bn for New Mid-Market Vehicle in Fast Fundraise." AltAssets, February 10, 2014
- "Capital Closes Fund V at $1 Bln." PE HUB, March 4, 2013
- "H.I.G. Capital Closes H.I.G. Europe II Fund at EUR825 Million." FinSMEs.com, July 7, 2013
- H.I.G. Capital (company website)
- H.I.G. Capital Profile (BusinessWeek)
- H.I.G. Capital raises over $1bn for Bayside European debt fund. AltAssets, May 16, 2013