H.I.G. Bayside Hires Schwartz For Distressed Role

Sep 25 2017 | 10:49pm ET

H.I.G. Capital’s Bayside affiliate has named former Torchlight executive Steven Schwartz as a managing director.

In his new role, Schwartz will responsible for distressed commercial real estate at H.I.G Bayside, the company said in a statement. 

Previously, Schwartz was a partner at Torchlight Investors for more than six years, serving on its board of directors as well as its investment and operating committees as the firm’s head of acquisitions and originations, LLC. Prior to Torchlight, Schwartz spent almost 20 years at JP Morgan where he ran the CMBS and commercial real estate banking groups. 

Bayside Capital is the distressed debt and special situations affiliate of H.I.G. Capital. Focused on middle market companies, Bayside invests across several segments of the primary and secondary debt capital markets with an emphasis on long term returns. The company develops financing solutions and fund transactions typically in the $10 million to $100 million range. 

Founded in 1993 and based in Miami, H.I.G. is a leading global private equity and alternative assets investment firm with $23 billion of equity capital under management deployed across private equity, growth equity, real estate, debt/credit, lending and life sciences vehicles. The firm’s private equity activities have invested in and managed more than 200 companies worldwide since inception.

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