H.I.G. Capital racks up $5.5bn for fourth mid-market LBO fund

• H.I.G. Middle Market LBO Fund IV’s limited partners include foundations, endowments, public and corporate pensions, consultants, sovereign wealth funds, and family offices
• Based in Miami, H.I.G. has $58 billion of capital under management
• H.I.G. was founded in 1993

H.I.G. Capital has closed its fourth middle-market LBO fund at $5.5 billion.

The fund-closing is in addition to co-investment separately managed accounts of $450 million.

H.I.G. Middle Market LBO Fund IV’s limited partners include foundations, endowments, public and corporate pensions, consultants, sovereign wealth funds, and family offices.

On the fundraising, Keval Patel, head of H.I.G. Middle Market, said in a statement, “We are excited to build upon H.I.G.’s successful middle market strategy with this latest fund. Our scale and operational expertise dedicated to the middle market continue to create a meaningful competitive advantage for us and allow us to drive significant returns to our investors regardless of the macroeconomic environment.”

Based in Miami, H.I.G. has $58 billion of capital under management. Since its founding in 1993, H.I.G. has invested in and managed more than 400 companies worldwide with combined revenues in excess of $52 billion.