MIAMI, Sept 13 (Bernama-BUSINESS WIRE) — H.I.G. Capital (“H.I.G.”), a leading global alternative asset management firm with $58 billion of capital under management, is pleased to announce the closing of H.I.G. Middle Market LBO Fund IV (the “Fund”). The Fund closed with aggregate capital commitments of $5.5 billion, in addition to co-investment separately managed accounts of $450 million, significantly exceeding its original target.
The Fund will build on the team’s deep-rooted track record by primarily making control equity investments in complex situations in U.S. middle market companies with asymmetric risk/reward profiles and a differentiated value proposition.