HIG WhiteHorse, the credit affiliate of global alternative asset management firm HIG Capital (HIG), has closed the HIG WhiteHorse Principal Lending Fund with capital commitments of approximately USD1.1 billion. The Fund will continue HIG’s investment strategy of investing in tailored senior secured financing solutions to primarily, off-the-run, sponsor owned companies in North America.
Sami Mnaymneh and Tony Tamer, Co-CEOs of HIG, says: “The strong response from our investors reflects their confidence in the capability of our team and our differentiated strategy. The team has been very active in the market, having already invested in 24 transactions from the Fund.”
Stuart Aronson, Head of US Direct Lending, says: “We believe the next several years will present a compelling opportunity to partner with off-the-run, sponsor owned companies seeking private credit capital solutions. We will continue to build upon HIG’s successful track record as a value-added debt provider to leading small/mid-cap companies. In addition, the Fund will capitalise on the Firm’s synergistic platform and unparalleled deal sourcing network with 19 originators located in 12 North American cities.”
Jordan Peer, Head of HIG Capital Formation, adds: “The Fund attracted a diverse group of long-standing HIG investors, as well as welcoming some new limited partners to the platform. The investor base includes sovereign wealth funds, public and private pensions, endowments, foundations, consultants, and family offices and across the US, Europe, Asia and the Middle East.”
