HIG Capital Closes $ 1.4 Billion Bayside Loan Opportunity Fund

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MIAMI – HIG Bayside Capital, the Distressed Debt and Special Situation Affiliate of HIG Capital (“HIG”), a leading global alternative asset management company with over $ 43 billion in equity under management, is pleased to announce the definitive closing of the HIG Bayside Loan to give Opportunity Fund VI (the “Fund”). The fund closed with total capital committed of 1.4 billion US dollars, * exceeds its goal.

Sami Mnaymneh and Tony Tamer, Co-CEOs of HIG Capital, commented: “The fund will continue HIG’s successful investment strategy of focusing on investing in US small and midcap credit opportunities in special situations. We are pleased about the strong response from our limited partners, which reflects their trust in the capabilities of our team and our differentiated approach. ”

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John Bolduc, Executive Managing Director and Head of HIG Credit, commented: “Economic conditions remain challenging, especially for smaller companies. Our lending team is well positioned to meet this need and capitalize on the attractive investment opportunities available. The fund started investing in 2020 against the backdrop of the COVID-19 pandemic and around 25% is already invested. ”

Jordan Peer, Global Head of HIG Capital Formation, added, “The fund has received strong global support in North America, Europe and Asia from a distinguished and diverse institutional investor base including advisors, foundations, trusts, sovereign wealth funds, financial institutions, and government and corporate pension plans. ”

About HIG Capital

HIG is a leading global private equity and alternative asset investment firm with over $ 43 billion in equity under management. ** Headquartered in Miami and with offices in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco, Atlanta and Stamford in the USA as well as international offices in London, Hamburg, Madrid, Milan, Paris, Rio de Janeiro, Bogota and São Paulo . HIG specializes in providing both debt and equity to small and medium-sized businesses using a flexible and operationally focused / value-adding approach:

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HIG’s equity funds invest in growth investments, management buyouts, recapitalizations and spin-offs from both profitable and underperforming manufacturing and service companies.

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HIG’s debt funds invest in senior, unitranche and junior debt financing for companies of all sizes, both on a primary (direct issue basis) and secondary markets. HIG is also a senior CLO manager through its WhiteHorse family of vehicles and manages a publicly traded BDC, WhiteHorse Finance.

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HIG’s Real Assets funds invest in value-adding real estate that can benefit from improved asset management.

Since its inception in 1993, HIG has invested and managed more than 300 companies worldwide. The company’s current portfolio includes more than 100 companies with total sales in excess of $ 30 billion. For more information, see the HIG website at www.higcapital.com .

* Including obligations of the general partner of the fund and related parties as well as related separately managed accounts.
** Based on total commitments managed by HIG Capital and affiliates.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210308005155/en/

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contacts

John Bolduc
Executive Director
[email protected]

Jordan S. Peer
Managing director, wealth creation
[email protected]

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