HIG WhiteHorse, the credit affiliate of HIG Capital (HIG), has closed its latest direct lending strategy, HIG WhiteHorse Direct Lending Fund – 2020.
The fund closed with aggregate capital commitments of approximately USD1.65 billion, well exceeding its target. The Fund will continue HIG’s successful investment strategy of originating tailored senior secured financing solutions to primarily non-sponsor owned companies in the US.
Sami Mnaymneh and Tony Tamer, Co-CEOs of HIG, says: “We are delighted with the success of HIG WhiteHorse. The strong response from our investors reflects their confidence in the capability of our team and our differentiated strategy.”
Stuart Aronson, Head of US Direct Lending, commented: “The next several years will present a compelling opportunity to partner with non-sponsor owned companies in need of private debt solutions. HIG’s synergistic platform is well positioned to continue to build on HIG’s long-standing track record of being a value-added debt provider to leading small/mid-cap companies.”
Added Jordan Peer, Head of HIG Capital Formation, says: “The Fund received strong support from a diverse and global investor base in North America, Europe, Asia and the Middle East, including sovereign wealth funds, public and corporate pensions, consultants, foundations, endowments, and family offices.”
