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H.I.G. Bayside Capital Hires Managing Director to Oversee Distressed Commercial Real Estate

September 25, 2017, 07:29 AM

H.I.G. Capital, a global alternative asset firm with $23 billion of equity capital under management, announced that Steven Schwartz, former Head of Acquisitions and Originations at Torchlight Investors, LLC, has joined H.I.G. Bayside Capital as a Managing Director responsible for distressed commercial real estate. Schwartz was a partner at Torchlight for over six years where he served on its board of directors as well as its investment and operating committees. Prior to Torchlight, Schwartz spent almost 20 years at JP Morgan where he ran the CMBS and commercial real estate banking groups, among other things.

Bayside Capital provides rapid access to debt and equity capital, in partnership with existing stakeholders, generally in time-sensitive or challenging situations requiring a creative solution. With the ability to invest in all parts of the capital structure, we are able to develop creative financing solutions and consummate transactions on an expedited basis. Typical investment size ranges from $10 million to $100 million.

Sami Mnaymneh and Tony Tamer, Co-CEO’s of H.I.G., commented: “We are delighted to welcome Steven to H.I.G. He brings an enviable record of success, especially in the commercial real estate community, he has built deep relationships based on flexibility, responsiveness, and a long-term orientation. We are confident that he will make a significant contribution to growing H.I.G.’s distressed investing activities.”

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