H.I.G. Raises $3B Distressed Debt Fund

Jun 13 2008 | 10:16am ET

It’s one and done for H.I.G. Capital's distressed debt affiliate, Bayside Capital, which has closed its H.I.G. Bayside II fund on $3 billion. The final closing was also its first.

Bayside II targets stressed and distressed mid-market and lower mid-market investment opportunities. The fund typically invests in companies with a total enterprise value of up to $400 million.

Sami Mnaymneh and Tony Tamer, co-founders and managing partners of H.I.G., said the current credit environment will provide the fund with very strong deal flow.

H.I.G. has offices in Miami, Boston, San Francisco and Atlanta, and affiliate offices in London, Paris and Hamburg, Germany. The firm manages about $7.5 billion in total assets.


In Depth

Creating An Offshore Hedge Fund Dream Team: The Seven Key Players

Jun 26 2015 | 6:47am ET

If you want to set up an offshore hedge fund, like any great team, you’re only...

Lifestyle

Hedgies Set to Compete in Wall Street Decathlon

Jun 8 2015 | 12:37am ET

The Wall Street Decathlon — a 10-event physical challenge that will crown “Wall...

Guest Contributor

6 Essential Principles To Balance Your Investment Risk

Jun 26 2015 | 10:07am ET

In this article, financial expert Greg Silberman explores how to hedge a private...

 

Editor's Note