HIG Capital has appointed Brian Schwartz, previously co-president, as its new chief executive officer, succeeding co-founder Sami Mnaymneh who is moving into the role of Executive Chairman alongside fellow co-founder Tony Tamer.
Doug Berman meanwhile, Head of US Private Equity, has been promoted to co-president, joining Rick Rosen to oversee firm-wide investment strategy and operations.
Since its founding in 1993, HIG has grown into a $74bn global alternative asset platform, spanning private equity, credit, real estate, and infrastructure. The firm employs more than 1,000 staff across 18 offices in nine countries and has executed over 3,500 transactions.
Mnaymneh described the leadership transition as a “natural and strategically important” step, highlighting Schwartz’s long tenure and contributions to scaling HIG into a multi-strategy global platform.
“I am confident that under his leadership, HIG is very well positioned to further build on its middle market leadership position,” Mnaymneh said.
Schwartz, who joined HIG in 1994 and has been co-president for six years, oversaw daily operations and served on investment committees for all of HIG’s funds.
“It is an honour to step into the role of CEO and to lead HIG at this important point in its evolution,” he said, noting the firm’s operational approach and disciplined investing as key differentiators.
Berman, with the firm since 1996, has led HIG’s US private equity business through significant growth and expansion of its middle-market platform. “My priority is to ensure we stay disciplined in how we invest, stay close to our portfolio companies, and continue to execute at a high level across the firm,” Berman said.
The leadership changes are part of HIG’s ongoing strategy to strengthen its global platform and position the firm for its next phase of growth in the middle market.
