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H.I.G. Capital launches Latin American fund

The fund target size is $685 million

H.I.G. Capital has launched the H.I.G. Brazil & Latin America Partners fund, according to a filing with the US Securities and Exchange Commission.

The managing director of H.I.G. Brazil and H.I.G. Latin America was not immediately available to comment.

This comes three years after the opening of the firm's new office in Brazil. It is the 13th addition to the list of funds H.I.G. has managed and will focus on buyouts and corporates in Latin America, according to PEI's Research & Analytics division. Its target size is $685 million (£446.43 million; €614.16 million), according to the SEC filing.

Based in Miami, H.I.G. has €13 billion in assets under management and closed its Middle Market LBO Fund II in February 2014 on its hardcap, according to PEI's Research & Analytics division.