H.I.G. Capital Closes $1.3 Billion Infrastructure Fund

Author

Slice of Finance Team
27 Jun

Key Highlights:

  • H.I.G. Capital closes H.I.G. Infrastructure Partners Fund with $1.3 billion in commitments.

  • The Fund aims to invest in control-oriented, middle market infrastructure opportunities.

  • Seven investments made to date, with two more expected to close in Q3 2024.

  • Strong backing from global limited partners including sovereign wealth funds and pensions.

Source (Business Wire)

Notable Quotes

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"We greatly appreciate the strong support from our investors for our Infrastructure strategy. Their confidence in our investment approach to infrastructure underscores the power of the Firm’s platform and our ability to generate strong returns through value creation in the underserved middle market."

Sami Mnaymneh and Tony Tamer, Co-Founders at H.I.G
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"The Fund is well-positioned to capitalize on opportunities in the less efficient middle market. H.I.G.’s unique platform provides us with a demonstrated, differentiated sourcing model and a deep pool of resources focused on operational value creation."

Andrew Liau and Ed Pallesen, Co-Heads at H.I.G. Infrastructure
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"We are pleased with the strong backing by many of H.I.G.’s long-standing platform investors for the Fund, as well as by many new investors from around the world."

Jordan Peer Griffin, Executive Managing Director at H.I.G

Our Take:

The closing of H.I.G. Infrastructure Partners at $1.3 billion is a significant milestone for H.I.G. Capital, highlighting their strong market position and strategic focus on middle market infrastructure investments. The Firm’s ability to attract a diverse group of global investors reflects confidence in their differentiated approach and operational expertise. As the industry navigates higher interest rates and macro volatility, H.I.G.’s focus on value creation in the underserved middle market positions them well for continued success.