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H.I.G. WhiteHorse Closes Latest Direct Lending Fund at $1.65 Billion

July 19, 2021, 08:11 AM
Filed Under: Private Equity News

H.I.G. WhiteHorse, the credit affiliate of H.I.G. Capital (“H.I.G.”), a leading global alternative investment firm with $44 billion of equity capital under management, announced the closing of its latest direct lending strategy, H.I.G. WhiteHorse Direct Lending Fund - 2020 (the “Fund”). The Fund closed with aggregate capital commitments of approximately $1.65 billion,* well exceeding its target. The Fund will continue H.I.G.’s successful investment strategy of originating tailored senior secured financing solutions to primarily non-sponsor owned companies in the U.S.

Sami Mnaymneh and Tony Tamer, Co-CEOs of H.I.G., commented: “We are delighted with the success of H.I.G. WhiteHorse. The strong response from our investors reflects their confidence in the capability of our team and our differentiated strategy.”

Stuart Aronson, Head of U.S. Direct Lending, commented: “The next several years will present a compelling opportunity to partner with non-sponsor owned companies in need of private debt solutions. H.I.G.’s synergistic platform is well positioned to continue to build on H.I.G.’s long-standing track record of being a value-added debt provider to leading small/mid-cap companies.”

Added Jordan Peer, Head of H.I.G. Capital Formation, “The Fund received strong support from a diverse and global investor base in North America, Europe, Asia and the Middle East, including sovereign wealth funds, public and corporate pensions, consultants, foundations, endowments, and family offices.”

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