H.I.G. Capital Raises $2B on Oversubscribed Buyout Fund VII Close

Miami-based alternative asset manager H.I.G. Capital has collected $2B in aggregate commitments on the final close of its lower-middle-market buyout fund H.I.G. Capital Partners VII, surpassing its initial target of $1.75B and hitting its hard cap.

According to an October 28 press release, Fund VII was supported by a global group of LPs, ranging from sovereign wealth funds to family offices. Per Dakota data, investors included several pensions such as the Texas County and District Retirement System, which committed $54M to the buyout vehicle; Orange County Employees Retirement System with $45M; Illinois Municipal Retirement Fund with $35M; and North Dakota State Investment Board with $17M.

To date, H.I.G. said it oversees $65B in capital across its various alts funds. It holds over 100 portfolio companies representing more than $53B in active investments.

View the press release here.