H.I.G. Capital, a leading global alternative investment firm with $64 billion of capital under management, announced the final close of H.I.G. Europe Realty Partners III. And the fund closed with aggregate capital commitments of approximately $1.3 billion, which was significantly above the predecessor’s fund size.
H.I.G. Europe Realty Partners targets value-add investments in the middle market real estate segment in Europe. So far, the fund has made over ten investments across various geographies in Europe.
The fund was supported by a diverse group of limited partners including public and private sector pensions, endowments, foundations, asset managers, consultants, fund of funds, financial institutions, and family offices in North America, Europe, Asia, and the Middle East.
Based in Miami, and with offices in Atlanta, Boston, Chicago, Los Angeles, New York, and San Francisco in the United States, and international affiliate offices in Hamburg, London, Luxembourg, Madrid, Milan, Paris, Bogotá, Rio de Janeiro, São Paulo, and Dubai, H.I.G. specializes in providing both debt and equity capital to mid-sized companies, utilizing a flexible and operationally focused/value-added approach.
Since its founding in 1993, H.I.G. has invested in and managed over 400 companies worldwide. And the firm’s current portfolio includes 100+ companies with combined sales in excess of $53 billion.
KEY QUOTES:
“As we continue to expand our global real estate footprint, we are thrilled by the success of our European real estate platform as evidenced by the strong support from our investors. We believe the current environment, specifically in the U.K. and Germany, where market dislocations are driving meaningful repricing across asset classes, presents compelling investment opportunities for the Fund.”
– Sami Mnaymneh and Tony Tamer, Co-Founders of H.I.G.
“The Fund is well-positioned to capitalize on the current market opportunity set in the less efficient middle market segment across Europe. It will invest across the capital structure and asset classes with a particular focus on value-add and operational improvements to generate substantial asset appreciation.”
– Riccardo Dallolio, Head of Europe Real Estate
