H.I.G. Capital, a global alternative asset management firm with $64 billion of capital under management, announced the closing of H.I.G. Infrastructure Partners. This fund closed with aggregate capital commitments of approximately $1.3 billion.
H.I.G. Infrastructure Partners is looking to make control-oriented and infrastructure equity investments focused on the middle market segment, leveraging H.I.G.’s focus on the middle market and its operational value creation expertise. So far, across North America and Europe, the Fund has made seven investments, two of which are expected to close in the third quarter of the year.
This fund was supported by a diverse and global group of limited partners that include sovereign wealth funds, public and private sector pensions, insurance companies, asset managers, consultants, foundations, endowments, and family offices in North America, Europe, Asia, and the Middle East.
KEY QUOTES:
“We greatly appreciate the strong support from our investors for our Infrastructure strategy. Their confidence in our investment approach to infrastructure underscores the power of the Firm’s platform and our ability to generate strong returns through value creation in the underserved middle market.”
– Sami Mnaymneh and Tony Tamer, Co-Founders of H.I.G.
“The Fund is well-positioned to capitalize on opportunities in the less efficient middle market. 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.”
– Andrew Liau and Ed Pallesen, Co-Heads of H.I.G. Infrastructure
“H.I.G. has a differentiated investment strategy in Infrastructure by executing H.I.G.’s hands-on value creation playbook in the underserved and less efficient middle market. We are pleased with the strong backing by many of H.I.G.’s long-standing platform investors for the Fund, as well as by many new investors from around the world.”
– Jordan Peer Griffin, Executive Managing Director and Global Head of Capital Formation
