HIG WhiteHorse Closes Latest Direct Lending Fund at $ 1.65 Billion | OK
Sami Mnaymneh and Tony Tamer, Co-CEOs of HIG, commented: “We are delighted with the success of HIG WhiteHorse. The strong response from our investors reflects their confidence in the capacity of our team and our differentiated strategy. HIG WhiteHorse, the credit arm of HIG Capital (“HIG”), a leading global alternative investment firm with $ 44 billion in equity under management, announced the closing of its latest direct lending strategy, HIG WhiteHorse Direct Lending Fund – 2020 (the “Fund”). The Fund closed with total capital commitments of approximately $ 1.65 billion *, significantly exceeding its target. The Fund will continue HIG’s successful investment strategy of to provide first-rate, tailored, secure financing solutions to companies primarily owned by non-sponsors in the United States.
Jordan Peer, Head of HIG Capital Formation, added: “The Fund has received strong support from a diverse and global investor base in North America, Europe, Asia and the Middle East, including sovereign wealth funds. , public and company pensions, consultants, foundations, endowment funds. , and family offices.
Stuart Aronson, Head of Direct Lending in the United States, said: “The next few years will present an irresistible opportunity to partner with non-sponsored companies in need of private debt solutions. HIG’s synergistic platform is well positioned to continue to build on HIG’s long track record as a provider of value-added debt to leading small and mid-cap companies.
About HIG Capital
HIG is a leading global private equity and alternative asset investment firm with $ 44 billion in equity under management. ** Headquartered in Miami and with offices in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco and Atlanta in the United States, as well as international affiliate offices in London, Hamburg, Madrid, Milan, Paris, Bogotá, Rio de Janeiro and São Paulo, HIG specializes in providing debt capital and equity capital to small and medium-sized enterprises, using a flexible and operational targeted / value-added approach:
HIG’s equity funds invest in business buyouts, recapitalizations and company spin-offs of both profitable and underperforming manufacturing and service companies. direct origination), as well as in secondary markets. HIG is also a primary manager of CLO, through its WhiteHorse family of vehicles, and operates a publicly traded BDC, WhiteHorse Finance. HIG’s real estate funds invest in value-added properties, which can benefit from improved asset management practices.
Since its inception in 1993, HIG has invested and managed more than 300 companies around the world. The company’s current portfolio includes more than 100 companies with combined sales of over $ 30 billion. For more information, please visit HIG’s website at www.higcapital.com.
** Based on total capital commitments managed by HIG Capital and its subsidiaries.
* Includes the Fund and other investment vehicles raised jointly with the Fund, including separately managed accounts that will invest with the Fund.
See the source version on businesswire.com: https://www.businesswire.com/news/home/20210719005095/en/
CONTACT: Stuart Aronson
Peer from Jordan
KEYWORD: UNITED STATES NORTH AMERICA CANADA FLORIDA
SOURCE: HIG WhiteHorse
INDUSTRY KEYWORD: SMALL BUSINESS BANKING PROFESSIONAL SERVICES FINANCE
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