HIG WhiteHorse Closes A Loan Fund Of $1.1 Billion

By Noah Long ● January 9, 2020
  • HIG Capital’s credit affiliate HIG WhiteHorse announced it closed a fund with capital commitments of $1.1 billion

HIG Capital’s credit affiliate HIG WhiteHorse announced it has closed the HIG WhiteHorse Principal Lending Fund with capital commitments of approximately $1.1 billion. This fund will continue HIG’s investment strategy of investing in tailored senior secured financing solutions to primarily sponsor owned companies in North America.

“The strong response from our investors reflects their confidence in the capability of our team and our differentiated strategy. The team has been very active in the market, having already invested in 24 transactions from the fund,” said HIG co-CEOs Sami Mnaymneh and Tony Tamer.

HIG’s Head of US Direct Lending Stuart Aronson pointed out that the firm believes the next several years will present a “compelling opportunity” to partner with sponsor owned companies seeking private credit capital solutions. And the firm will continue to build on HIG’s successful track record as a value-added debt provider to leading small/mid-cap companies. Plus the fund will capitalize on the firm’s synergistic platform and unparalleled deal sourcing network with 19 originators located in 12 North American cities.

This fund attracted a diverse group of long-standing HIG investors along with new limited partners on the platform.

“The investor base includes sovereign wealth funds, public and private pensions, endowments, foundations, consultants, and family offices and across the US, Europe, Asia, and the Middle East,” added HIG Capital Formation Jordan Peer.