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HIG racks up $1.4bn for a credit fund


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. ....

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