H.I.G. Capital (“H.I.G.”), a leading global alternative asset management firm with over $34 billion of equity capital under management, announced the closing of H.I.G. Middle Market LBO Fund III (the “Fund”). The Fund closed with aggregate capital commitments of $3.1 billion, well exceeding its target. The Fund will continue the strategy of H.I.G. Middle Market’s two predecessor funds, by making private equity investments in middle market companies, primarily in North America.

Sami Mnaymneh and Tony Tamer, Founders and Co-CEOs of H.I.G., commented: “We are pleased with the level of support received from our investors, reflecting the strong performance of the H.I.G. Middle Market team and its differentiated investment approach.”

Rick Rosen, Head of H.I.G. Middle Market, commented: “The team is excited to build upon H.I.G.’s successful middle market strategy with this latest fund. We will continue to target control investments in complex situations and/or undermanaged middle market companies. H.I.G.’s scale and operational expertise continue to create a meaningful competitive advantage for us.”

Added Jordan Peer, Head of H.I.G. Capital Formation, “The Fund received overwhelming support from H.I.G.’s long-standing Limited Partners. Commitments were received from a prestigious and diverse institutional investor base, including foundations, endowments, public and corporate pensions, consultants, sovereign wealth funds, and family offices across the U.S., Europe, Asia, and the Middle East.”