H.I.G. Closes $1.3B Infrastructure Fund

H.I.G. Capital closed its latest global infrastructure fund, H.I.G. Infrastructure Partners, with $1.3 billion in commitments from a global group of limited partners.

The fund has made seven investments, two of which are expected to close in the third quarter. The team makes control-oriented, infrastructure equity investments focused on the middle market segment.

“The fund is well-positioned to capitalize on opportunities in the less efficient middle market,” said Andrew Liau and Ed Pallesen, co-heads of H.I.G. Infrastructure. H.I.G.’s unique platform provides us with a demonstrated, differentiated sourcing model and a deep pool of resources focused on operational value creation. We believe this allows us to generate strong returns, especially as the industry adjusts to higher interest rates and macro volatility.”

The $64 billion Miami-based alternative asset manager has been expanding its infrastructure expertise, most notably recruiting Macquarie Asset Management veteran John Bruen last August to run a dedicated infrastructure team as managing director in the London office.

H.I.G. Capital, headquartered in Miami, specializes in providing both debt and equity capital to mid-sized companies, with a focus on operational value creation. The firm’s current portfolio comprises over 100 companies with combined sales exceeding $53 billion.