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HIG Capital raises $5.5bn for Middle Market LBO Fund IV

HIG Capital (HIG), a global alternative asset management firm with $58bn of capital under management, has closed the HIG Middle Market LBO Fund IV with aggregate capital commitments of $5.5bn, significantly ahead of its original target.

Related co-investment separately managed accounts have also attracted an additional $450m

The fund will primarily make control equity investments in complex situations in US middle market companies with asymmetric risk/reward profiles and a differentiated value proposition.

According to a press statement, the fund was supported by HIG’s long-standing investor base, and also welcomed new investors across in the US, Europe, Asia, Middle East and Latin America. The fund’s Limited Partners include foundations, endowments, public and corporate pensions, consultants, sovereign wealth funds, and family offices.

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