MIAMI – (BUSINESS WIRE) – HIG Bayside Capital, the distressed and particular scenario subsidiary of HIG Capital (“HIG”), a number one international various asset administration agency with greater than $ 43 billion in fairness underneath administration, is happy to ‘Announce the ultimate closure of HIG Bayside Mortgage Alternative Fund VI (the “Fund”). The Fund closed with complete capital commitments of $ 1.4 billion,* exceeding its goal.

Sami Mnaymneh and Tony Tamer, Co-CEO of HIG Capital, mentioned: “The Fund will proceed HIG’s profitable funding technique of specializing in investing in credit score alternatives for particular US small and mid cap conditions. . We’re delighted with the robust response from our sponsors, which displays their confidence within the capabilities of our group and our differentiated strategy.

John Bolduc, Government Managing Director and Head of HIG Credit score, mentioned: “Financial circumstances stay troublesome, particularly for small companies. Our credit score group is properly positioned to fulfill this want and make the most of the engaging funding alternatives out there. The Fund began investing in 2020 within the context of the COVID-19 pandemic and is already roughly 25% invested. ”

Jordan Peer, International Head of HIG Capital Formation, added: “The Fund has obtained robust international assist in North America, Europe and Asia from a prestigious and numerous institutional investor base together with consultants, endowments, foundations, sovereign wealth funds, monetary establishments and public pensions and corporations. ”

About HIG Capital

HIG is a number one international personal fairness and various asset funding agency with over $ 43 billion in fairness underneath administration.** Primarily based in Miami, and with workplaces in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco, Atlanta and Stamford in america, in addition to affiliated worldwide workplaces in London, Hamburg, Madrid, Milan, Paris, Rio de Janeiro, Bogota and São Paulo. HIG makes a speciality of offering each debt and fairness capital to small and medium-sized companies, utilizing a versatile, operations-driven / value-added strategy:

1.

HIG’s fairness funds spend money on development investments, administration buyouts, recapitalizations and firm exclusions in worthwhile and underperforming manufacturing and repair firms.

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HIG Debt Funds spend money on senior, unitranche and junior debt financing to firms of all sizes, each on a major (direct origin) foundation and in secondary markets. HIG can also be a major supervisor of CLO, by way of its WhiteHorse household of automobiles, and operates a publicly traded BDC, WhiteHorse Finance.

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HIG’s Actual Asset Funds spend money on value-added properties, which may profit from finest asset administration practices.

Since its inception in 1993, HIG has invested and managed over 300 firms world wide. The corporate’s present portfolio contains greater than 100 firms with mixed gross sales of over $ 30 billion. For extra info, please go to the HIG web site at www.higcapital.com.

* Together with the commitments of the Fund’s common associate and associated events, in addition to accounts managed individually.

** Primarily based on complete capital commitments managed by HIG Capital and its associates.



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