US firm H.I.G. Capital closes fourth buy-out fund on $750m

Sami Mnaymneh, co-founder and managing partner of H.I.G., said, 'We are very pleased that our fundraising process went as smoothly and quickly as it did, minimising the disruption to our investment activities. We were able to close the fund in less than three months from the time we first announced it.'

Tony Tamer, co-founder and managing partner of H.I.G., added, 'We generated a high degree of interest which resulted in an oversubscribed level of demand. We decided to limit the size of the fund to $750m and make it available only to existing H.I.G. investors, rather than increasing it to a larger number, so we can stick to our strategy of focusing on small and middle-market companies.'

With offices in Miami, Boston, San Francisco, and Atlanta, H.I.G. currently manages over $3bn of equity capital.

In addition to its buy-out activities, H.I.G. is an active investor in venture capital through its H.I.G. Ventures affiliate, distressed debt through its Bayside Capital affiliate, and publicly traded equities through its Brightpoint Capital affiliate.

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