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HIG Capital Raises $1.3 Billion for Infrastructure Fund

Diposting pada 24 Juni 2024 oleh admin / Dilihat: 0 kali

Miami–(ANTARA/Business Wire)– HIG Capital (“HIG” or the “Company”), a leading global alternative asset management firm with $64 billion in capital under management, is pleased to announce the closure of HIG Infrastructure Partners (the fund). with aggregate capital commitments of approximately $1.3 billion.1

HIG Infrastructure Partners seeks to make control-oriented, middle-market segment-focused infrastructure equity investments, leveraging HIG’s focus on the middle market and its operational value creation expertise. To date, across North America and Europe, the IMF has made seven investments, two of which are expected to be completed in the third quarter of 2024.

Sami Mnaymneh and Tony Tamer, Co-Founders of HIG, commented, “We greatly appreciate the strong support from our investors for our Infrastructure strategy. Their confidence in our investment approach to infrastructure underscores the strength of the Company’s platform and our ability to generate substantial returns through value creation in underserved middle markets.”

Andrew Liau and Ed Pallesen, Co-Heads of HIG Infrastructure, also commented, “The IMF is well positioned to capitalize on opportunities in the less efficient middle market. HIG’s unique platform provides us with a differentiated, proven sourcing model and deep resource pool focused on operational value creation. We believe this will allow us to generate strong returns, especially as the industry adjusts to higher interest rates and macro volatility.”

Jordan Peer Griffin, Executive Managing Director and Global Head of Capital Formation, added, “HIG has a differentiated investment strategy in the Infrastructure space by executing HIG’s direct value creation playbook in underserved and less efficient middle markets. We are pleased with the strong support of many of HIG’s existing platform investors for the Fund, as well as many new investors from around the world.”

The fund is backed by a diverse and global group of limited partners that includes sovereign wealth funds, public and private sector pension funds, insurance companies, asset managers, consultants, foundations, endowments and family offices in North America, Europe, Asia and the Americas . The middle East.

1Includes separately managed accounts.

About HIG Capital

HIG is a leading global alternative investment firm with $64 billion in capital under management.* Based in Miami, with offices in Atlanta, Boston, Chicago, Dallas, Los Angeles, New York and San Francisco in the United States, as well as an international affiliate office in Hamburg, London, Luxembourg, Madrid, Milan, Paris, Bogotá, Rio de Janeiro, São Paulo and Dubai, HIG specializes in providing debt and equity capital to mid-sized companies, utilizing flexible systems and a focused operational/value-added approach:

• HIG equity funds invest in management buyouts, recapitalizations and corporate spin-offs in both profitable and underperforming manufacturing and service businesses.

• HIG debt funds invest in senior, unitranche and junior debt financing to companies across the size spectrum, both on a primary basis (direct origination), and in the secondary market. HIG also manages a publicly traded BDC, WhiteHorse Finance.

• HIG real estate funds invest in value-add properties, which can benefit from better asset management practices.

• HIG Infrastructure focuses on providing added value and core plus investment in the infrastructure sector.

Since its founding in 1993, HIG has invested in and managed more than 400 companies worldwide. The Company’s portfolio currently includes more than 100 companies with combined sales of more than $53 billion. For further information, please refer to the HIG website at hig.com.

*Based on total capital raised by HIG Capital and its affiliates.

Contact

Jordan Companion Griffin

Executive Managing Director

Andrew Liu

Managing director

Deputy Head of Infrastructure HIG

Ed Pallesen

Managing director

Deputy Head of HIG Infrastructure

HIG Capital

1450 Brickell Street

31st floor

Miami, FL 33131

P: 305.379.2322

Source: HIG Capital

Reporter: PR Wire
Editor: PR Wire
Copyright © ANTARA 2024

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HIG Capital Raises $1.3 Billion for Infrastructure Fund

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