H.I.G. Capital Closes $2B Middle-Market Fund 

H.I.G. Capital has closed its oversubscribed H.I.G. Capital Partners VII private equity fund, securing $2 billion in capital commitments to execute control equity investments in U.S. lower middle market companies. The fund surpassed its predecessor, which closed at $1.3 billion in September 2020.   

H.I.G.’s private equity platform has invested in middle-market companies with elements of business, industry, or transactional complexity that represent significant opportunities for attractive risk-adjusted returns, the firm said. 

H.I.G co-founders and co-executive chairmen Sami Mnaymneh and Tony Tamer said, “We have been disciplined in maintaining our middle market focus and are extremely proud of the consistent results we have delivered for our investors.” 

Fund VII is one of four funds that H.I.G. has closed in 2024. In July, H.I.G. Europe Realty Partners III closed with $1.3 billion, which included separately managed accounts. In June, H.I.G. Infrastructure Partners I also raised $1.3 billion for control-oriented, infrastructure equity investments that are concentrated on the middle market. The HIG Advantage Buyout Fund II’s fundraising total was not disclosed; however, the fund’s objective was to raise $5 billion. 

Miami-based H.I.G. manages $65 billion in assets. The firm’s equity funds are invested in management buyouts, recapitalizations, and corporate carve-outs of both profitable as well as underperforming manufacturing and service businesses. 

Since its founding in 1993, the firm has invested in and managed more than 400 companies globally. The firm’s current portfolio includes more than 100 companies with combined sales of more than $53 billion.