HIG racks up $1.4bn for a credit fund Tuesday, March 09, 2021
Laxman Pai, Opalesque Asia:
Global alternative asset management firm H.I.G. Capital announced that its distressed debt and special situation affiliate H.I.G. Bayside Capital closed special situations credit fund H.I.G. Bayside Loan Opportunity Fund VI at $1.4 billion.
According to a press release from the private equity and alternative assets investment firm with over $43 billion of equity capital under management, Fund VI exceeded its fundraising target. The target amount was not disclosed.
H.I.G. Bayside Loan Opportunity Fund VI invests in U.S. small- and midcap special situation credit opportunities. The previous fund, H.I.G. Bayside Loan Opportunity Fund V, closed at $1.5 billion in 2019.
H I G raises $1 4 billion for latest credit fund pionline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pionline.com Daily Mail and Mail on Sunday newspapers.