HIG Capital (HIG) has made a number of organisational changes the firm says are designed to position the firm for continued growth and better manage the increasing scale and scope of its business.
The senior leadership team has been expanded with the promotion of Rick Rosen and Brian Schwartz to the newly created title of co-Presidents. Rosen and Schwartz, who have been at the firm since 1998 and 1994, and currently manage the HIG US Middle Market fund and the HIG Advantage fund, respectively, will work closely with Sami Mnaymneh and Tony Tamer, founders and co-CEOs of HIG, who will continue leading the firm in their current roles, to drive the firm’s continued growth and key strategic initiatives worldwide.
In announcing the changes, Mnaymneh and Tamer, say: “This is an exciting and energizing development for HIG, and a logical step for us in the long term leadership planning for the firm. We have never been more excited about the firm’s prospects than we are today. We have built a unique global platform with a very differentiated and scalable position, and we look forward to working with Rick, Brian, Doug, John and Wolfgang to further grow the firm and its capabilities. They all have been very significant contributors to the success of the firm and have assumed increasing levels of responsibility over time. We are all laser focused on preserving the entrepreneurial culture of HIG and continuing to deliver compelling returns to our investors.”
HIG, which was founded in 1993, currently has more than 720 employees across 16 offices worldwide. It has invested in more than 300 portfolio companies with revenues in excess of $40 billion. It manages funds across a number of different strategies in private equity, growth capital, credit, real estate and infrastructure.
