H.I.G. Capital announced that managing director Fraser Preston and principal Brian McMullen have relocated from its Miami office to San Francisco in order to create a West Coast presence for the H.I.G. Middle Market fund, targeting transactions with enterprise values from $200 million to $1 billion. They will focus on making investments in leading middle market businesses located throughout North America with a particular emphasis on companies in the Western United States.

H.I.G. Middle Market invests in a wide range of industries with a focus on certain verticals in market sectors where H.I.G. has extensive experience including technology, media and telecom, consumer and retail, business services, education, healthcare and specialty manufacturing. Through recapitalizations and private sales, corporate divestitures, and public-to-private transactions, H.I.G. Middle Market targets businesses with EBITDA typically greater than $30 million.

H.I.G. Middle Market is an extension of H.I.G.’s private equity strategy, complementing its lower middle market LBO and growth equity funds. H.I.G. Middle Market works closely with the other H.I.G. private equity funds, but has a dedicated team in Miami, New York and San Francisco to pursue investments in larger middle market opportunities.

H.I.G. Capital is a leading global private equity investment firm with more than $12 billion of equity capital under management and a team of more than 250 investment professionals. Based in Miami, and with offices in Atlanta, Boston, Chicago, Dallas, New York, and San Francisco in the U.S., as well as international affiliate offices in London, Hamburg, Madrid, Paris and Rio de Janeiro, H.I.G. specializes in providing capital to small and medium-sized companies with attractive growth potential.