H.I.G. Capital raises $3bn

The Miami based investment firm announced a final close of its buyout fund.

H.I.G. Capital (H.I.G.) has held a final close on its H.I.G. Advantage Buyout Fund at $3 billion, exceeding its fundraising target.

The fund has received supports from both long-standing and new investors including foundations, endowments, public and corporate pensions, consultants, sovereign wealth funds, and family offices in North America, Europe, Asia and the Middle East. Focused on middle market private equity, the Fund seeks investment opportunities in more stable, higher quality companies with EBITDA between $25 million and $100 million.