H.I.G. Capital has raised $970 million and held a final close of its third growth buyout fund, H.I.G. Growth Buyout & Equity Fund III. The fund has exceeded its target of $950 million and has surpassed its $500 million predecessor fund, H.I.G. Growth Buyout & Equity Fund II, which closed in June 2011.
The Miami-based firm will use this vehicle to invest in technological companies throughout North America that provide internet, software, industrial and healthcare services. Following the closing of the fund, H.I.G. Capital currently has $28 billion in assets.