Just closed: H.I.G. Bayside raises $1.1bn

The amount raised by the fund matches that amassed by its predecessor.

H.I.G. Bayside has held a $1.1 billion final close on its Loan Opportunity Fund IV. Launched in August 2014 with a $1 billion target, the fund will follow its predecessors, investing into small-cap special situation credit opportunities across the United States. Non-control loan obligations of stressed and distressed companies will also be considered.

The fund's predecessor held a final close in May 2013 also at $1.1 billion.