H.I.G. Capital has closed H.I.G. Europe Capital Partners IV with €1.6 billion in total commitments, completing an oversubscribed first-and-final close within six months of launch as demand rose from both existing and new limited partners. The Miami-based alternative asset manager said Fund IV will continue its established strategy of investing in “undermanaged” European lower middle market businesses where it believes its operating resources can drive performance improvements, with an emphasis on complex situations and challenging transaction dynamics.
The firm cited its nearly two-decade presence in Europe and a regional team of more than 150 investment professionals across offices in London, Milan, Hamburg, Paris, and Madrid. Since making its first European investment in 2007, H.I.G. said it has completed 92 private equity platform investments in the region across its lower-middle-market and middle-market strategies.
H.I.G. said the new fund is backed by a global mix of limited partners, including asset managers, public and corporate pensions, family offices, endowments and foundations, sovereign wealth funds, and consultants spanning North America, Europe, the Middle East, and Asia. The firm framed the raise as a vote of confidence in its ability to source proprietary opportunities locally and execute hands-on operational value creation amid a competitive fundraising environment.
H.I.G., founded in 1993, said it manages $74 billion in capital and invests across equity, credit, real estate, and infrastructure strategies. The firm added that it has invested in and managed more than 400 companies worldwide and currently holds a portfolio of more than 100 companies with combined sales exceeding $53 billion.
KEY QUOTES:
“H.I.G.’s global platform gives us the scale, resources, and operating capabilities that differentiate us in the middle market. Our longstanding presence in Europe and proven ability to drive value in complex situations have positioned H.I.G. as a partner of choice for LPs seeking differentiated exposure to the European middle market.”
Sami Mnaymneh and Tony Tamer, Co-Founders and Co-Executive Chairmen, H.I.G. Capital
“We are launching Fund IV at a particularly attractive moment in time, with plentiful opportunities to deliver on our differentiated investment approach across the European lower middle market. We focus on control investments in operationally complex and undermanaged businesses, specifically situations where local origination, hands-on execution, and operating depth create a clear competitive advantage. The strong performance and momentum from prior vintages provide a solid foundation for continued success.”
Wolfgang Biedermann, Executive Managing Director and Head of H.I.G. Private Equity, Europe
“We are grateful for the strong support from our limited partners from around the globe. In a highly competitive fundraising environment, their continued commitment drove an oversubscribed close in a compressed timeline, reflecting confidence in our strategy, our execution capabilities, and the compelling opportunity set in Europe’s lower middle market.”
Jordan Peer Griffin, Executive Managing Director and Global Head of Capital Formation, H.I.G. Capital
