HIG Capital closes HIG Capital Partners VI at USD1.3bn

HIG Capital has closed of HIG Capital Partners VI with aggregate capital commitments of USD1.3 billion, well exceeding its target. 

The Fund will continue the strategy of HIG’s five predecessor lower middle-market funds, by making private equity investments in lower middle market companies, primarily in North America.

Sami Mnaymneh and Tony Tamer, HIG Co-Founders and Co-CEOs, say: “We are grateful for the continued support from our longstanding investors, reflecting the strong performance and differentiated investment approach of our lower middle market strategy throughout the course of HIG’s 27-year history.”

Doug Berman, Head of HIG US Private Equity, adds: “The current economic environment presents both challenges as well as opportunities, and we are very confident that our experienced team will be able to navigate through this uncertainty and find compelling investment opportunities.”

Jordan Peer, Managing Director and Global Head of HIG Capital Formation, adds: “The Fund received overwhelming global support from our investors, allowing us to complete an entirely virtual fundraising process within a compact time frame of a few months. We are grateful for these long-standing partners across North America, Europe, the Middle East, and Asia.”