H.I.G. Capital Closes European Lower Middle Market Fund IV

H.I.G. Capital has announced the final closing of its European Lower Middle Market Private Equity Fund IV, with capital commitments of €1.6 billion. The fund, which closed within six months of launching, was oversubscribed, attracting strong interest from existing and new investors across the globe. This reflects the strong demand for H.I.G.'s investment strategy focusing on undermanaged European lower middle market companies.

H.I.G. Capital, which manages $74 billion in assets, has a notable track record in Europe, completing 92 private equity investments since 2007. The co-founders, Sami Mnaymneh and Tony Tamer, highlighted the firm's operational capabilities and strategic focus as key differentiators. The fund aims to invest in complex situations where H.I.G. can apply its operational value-creation playbook.

The fund attracted diverse limited partners, including asset managers, pensions, and sovereign wealth funds, underlining confidence in H.I.G.'s expertise in the European market. This marks a strategic opportunity amidst favorable market conditions.