H.I.G. Bayside Reaches $1 Billion Milestone with Loan Opportunity Fund VII

Funding | Dec 05, 2024 | H.I.G. Europe (HIG)

H.I.G. Bayside Capital, the credit affiliate of H.I.G. Capital, announced the final closure of its Bayside Loan Opportunity Fund VII with an impressive $1 billion in capital commitments. This fund continues H.I.G.'s strategic focus on special situation credit opportunities in the European middle market. With a disciplined approach and synergy across regions, the fund aims to offer equity-like returns, given the current challenging environment faced by many European businesses. The fund's achievement in raising such a significant sum reflects investor confidence in H.I.G.'s unique investment approach. H.I.G. Capital, headquartered in Miami, is a global alternative investment firm managing $66 billion in assets. The firm operates across various debt, equity, and real asset investments, emphasizing middle-market companies. H.I.G.'s previous fund was recognized for exceptional performance, underlining the firm's expertise in the special situations market.

Sectors

Private Equity
Credit Investment

Geography

Europe – The fund primarily invests in European credit opportunities, focusing on the middle market.
North America – H.I.G. Capital is headquartered in Miami, USA, and has offices in several locations in North America.

Industry

Private Equity – This industry is relevant as the article talks about H.I.G. Capital, a prominent private equity firm, closing a new fund.
Credit Investment – The article discusses the focus of the fund on senior secured European stressed and special situations credit investment.

Financials

$1 billion – The total capital commitments for H.I.G. Bayside Loan Opportunity Fund VII.
$66 billion – Total capital under management by H.I.G. Capital.

Participants

Name	Role	Type	Description
H.I.G. Capital	PE Firm	Company	A leading global alternative investment firm with $66 billion of capital under management.
H.I.G. Bayside Capital	Special Situations Credit Affiliate	Company	Focuses on middle-market companies in primary and secondary debt capital markets.
Sami Mnaymneh	Co-Founder and Co-Executive Chairman	Person	One of the leaders at H.I.G. Capital.
Tony Tamer	Co-Founder and Co-Executive Chairman	Person	One of the leaders at H.I.G. Capital.
Andrew Scotland	Co-Head of H.I.G. Bayside Europe	Person	Involved in managing the H.I.G. Bayside Loan Opportunity Fund.
Duncan Priston	Co-Head of H.I.G. Bayside Europe	Person	Involved in managing the H.I.G. Bayside Loan Opportunity Fund.
Jordan Peer Griffin	Executive Managing Director and Global Head of Capital Formation	Person	Responsible for global capital formation at H.I.G. Capital.