Firm: H.I.G. Capital
Fund: H.I.G. Growth Buyouts & Equity Fund II LP
Target: $450 million
Placement Agent: None
The Miami-based firm is seeking $450 million for the fund, called
H.I.G. Capital, with more than $8.5 billion under management, is among the most prolific, if quieter, private equity firms in the business. The firm manages several funds that target investments across the private equity spectrum, including buyouts, growth equity, turnarounds, distressed debt, life sciences, real estate, and venture capital. It has more than 200 investment professionals located in several U.S. offices as well as outposts in London, Hamburg and Paris.
H.I.G. Capital was the second-most active private equity firms in the first quarter of the year, according to data from Thomson Reuters, publisher of Buyouts. The firm executed at least six deals, four of which were carve-outs, including its $180 million acquisition of Cytec Industries Inc.’s building block chemicals business.
Executives at H.I.G. Capital did not return immediately a call to request a comment, although the firm rarely comments in the media.
The minimum investment for the Growth Buyouts & Equity Fund is $5 million, according to the filing. It does not appear that the firm has hired a placement agent for the fund.
Past investors in H.I.G. Capital funds have included the