HIG Capital has closed HIG Capital Partners V at its USD1bn cap.
The fund will continue the strategy of HIG Capital’s four predecessor funds, focusing on private equity, buyout and equity-related investments in lower middle-market companies primarily in the US.
Sami Mnaymneh and Tony Tamer, co-founders and managing partners of HIG Capital, say: “We are very happy with how quickly we were able to raise HIG’s fifth buyout fund and, in particular, that the fund was significantly over-subscribed from existing HIG investors.”
Doug Berman, executive managing director of HIG Capital, says: “The new fund will allow us to continue our successful strategy of investing in privately-held companies and non-core subsidiaries of larger companies that present significant opportunities for earnings improvement and value creation.”
