H.I.G. WhiteHorse closes latest direct lending fund at $1.65 Billion

H.I.G. WhiteHorse, the credit affiliate of H.I.G. Capital (“H.I.G.”), has closed its most recent direct lending initiative, H.I.G. WhiteHorse Direct Lending Fund – 2020, after raising an estimated US$1.65b in new capital commitments, an amount way beyond the goals set pre-launch.

H.I.G. is a global leader in the alternative investment industry with an estimated US$44bn in equity capital currently under management. 

In a statement regarding the latest feat, Sami Mnaymneh and Tony Tamer, Co-CEOs of H.I.G., said: “We are delighted with the success of H.I.G. WhiteHorse. The strong response from our investors reflects their confidence in the capability of our team and our differentiated strategy.”

According to Jordan Peer, Head of H.I.G. Capital Formation, the fund has enjoyed the backing of a vast and diverse investor pool cutting across Asia, Europe, the Middle East, and North America. 

He also stated that some of the funding came from “sovereign wealth funds, public and corporate pensions, consultants, foundations, endowments, and family offices.”