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

PAAMCO: Will Inflation Deflate the Asset Bubble?

Jan 30 2018 | 9:49pm ET

As the U.S. shifts from monetary stimulus to fiscal stimulus, market pricing should...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Boost Hedge Fund Marketing ROI By Raising Your ROO

Feb 14 2018 | 9:57pm ET

Tasked with delivering returns on client capital, a common dilemma for many alternative...

 

FINalternatives Trending

From the current issue of