H.I.G. WhiteHorse Raises $1.1B For New Direct Lending Funds

Jul 5 2017 | 8:57pm ET

H.I.G. WhiteHorse, the credit affiliate of global private equity company H.I.G. Capital, has raised $1.1 billion in aggregate commitments for two new loan funds that will focus on lower middle-market companies in the U.S.

The new funds, named the H.I.G. WhiteHorse Loan Fund and the H.I.G. WhiteHorse Loan Fund, were supported by a wide range of foundations, endowments, public and corporate pensions, consultants, sovereign wealth funds, and family offices, the company said. They will continue H.I.G.’s investment strategy of investing in tailored senior secured financing solutions to non-sponsor and sponsor owned companies in the U.S.

The company’s U.S. direct lending team has already made 12 transactions from the new pools, the company said. “The next several years will present a compelling opportunity to partner with non-sponsor and sponsor owned companies in need of debt capital solutions,” explained Stuart Aronson, head of U.S. direct lending, in a statement. 

Founded in 1993 and based in Miami, H.I.G. is a leading global private equity and alternative assets investment firm with more than $21 billion of equity capital under management deployed across private equity, growth equity, real estate, debt/credit, lending and life sciences vehicles. The company’s debt funds invest in senior, unitranche and junior debt financing to companies across the size spectrum, both on a primary (direct origination) basis and in secondary markets, while its equity funds invest in management buyouts, recapitalizations and corporate carve-outs of both profitable as well as underperforming manufacturing and service businesses. 

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