Asset Manager

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H.I.G. Capital

Founded in 1993 by Sami Mnaymneh and Tony Tamer, H.I.G. Capital began as a middle-market private equity firm in Miami and has since expanded into a global...

H.I.G. Capital logo

H.I.G. Capital

Founded in 1993 by Sami Mnaymneh and Tony Tamer, H.I.G. Capital began as a middle-market private equity firm in Miami and has since expanded into a global alternatives manager with a presence spanning North America, Europe, Latin America, and Asia. The founders remain executive chairmen while Brian Schwartz serves as CEO, co-presidents Rick Rosen and Douglas Berman oversee the private equity platform, and regional heads run local origination across 18 offices. The firm's private equity portfolio alone comprises more than 400 companies, spanning control buyouts, recapitalizations, growth equity, and distressed turnarounds — nearly always targeting enterprise values between $50 million and $1 billion. H.I.G. operates across multiple asset classes including private equity, direct lending, special situations credit, and real estate. Within private equity, the firm segments its mandate into lower middle market, middle market, growth equity, and the H.I.G. Advantage strategy, which blends credit and equity for complex situations. Confirmed portfolio companies include Empire Today, a direct-to-consumer home-improvement business, and BIOVECTRA, a pharmaceutical contract development and manufacturing organization. Geographically, the firm has been notably active in the US, UK, Germany, Spain, Italy, Brazil, and Colombia. It regularly participates in management-backed recapitalizations and industry consolidations, and will invest through control or minority positions depending on the opportunity. H.I.G. reports over $75 billion in assets under management and 500 investment professionals, making it one of the largest dedicated middle-market alternatives firms globally. The firm's real estate arm originates commercial bridge and permanent loans through vehicles like A10 Capital. From its Miami headquarters, H.I.G. coordinates sector-focused teams in healthcare, business services, industrials, and technology, with named managing directors leading each vertical. In September 2024, the firm closed its seventh flagship middle-market buyout fund above its target, demonstrating continued LP demand for its mid-cap specialization. What structurally distinguishes H.I.G. is its insistence on middle-market deals at a balance-sheet scale that typically pushes peers toward large-cap transactions. While firms of comparable AUM have migrated upmarket, H.I.G. manages complexity by running multiple parallel strategies under one roof — buyout, growth, credit, and real estate — each led by dedicated teams but sharing origination and operational resources across 18 offices. This hub-and-spoke architecture lets a $75B manager still write checks sized for businesses with enterprise values as low as $50 million.

General information

Firm type

Generalist

Year founded

1993

AUM

$75B (per firm website, 2026)

Location

Region

North America

Country

United States

City

Miami

Corporate office

Miami, FL, United States

Additional offices

New York, NY · Boston, MA · Chicago, IL · Los Angeles, CA · San Francisco, CA · Stamford, CT · Atlanta, GA · London, UK · Hamburg, Germany · Luxembourg, Luxembourg · Madrid, Spain · Milan, Italy · Paris, France · Bogotá, Colombia · Rio de Janeiro, Brazil · Dubai, UAE · Hong Kong

Principals

Sami Mnaymneh

Founder and Executive Chairman

Tony Tamer

Founder and Executive Chairman

Brian Schwartz

CEO

Rick Rosen

Co-President

Douglas Berman

Co-President

Sector focus

Business ServicesHealthcare ServicesIndustrial TechConsumerLogistics & TransportationEnterprise SoftwareReal EstateFinancial ServicesMedia & Entertainment

Frequently asked questions

Who runs investment decisions at H.I.G. Capital?

Founders Sami Mnaymneh and Tony Tamer remain executive chairmen, while Brian Schwartz serves as CEO. The private equity platform is led by co-presidents Rick Rosen and Douglas Berman. Regional and strategy heads — including Camilo Horvilleur for US small-cap and growth buyout, Wolfgang Biedermann for European private equity, and Fernando Marques Oliveira for Latin America — manage investment committees and day-to-day deal execution within their respective mandates.

How does H.I.G. Capital source proprietary deal flow?

H.I.G. relies on 18 offices across four continents, each staffed with local senior dealmakers who maintain relationships with founders, intermediaries, and corporate sellers. Its focus on the sub-$1 billion enterprise-value segment puts it in competition with fewer mega-funds, and its ability to handle complex carve-outs, turnarounds, and recapitalizations often brings it off-market opportunities that purely financial buyers avoid.

Does H.I.G. Capital operate as a single private equity fund or a multi-strategy platform?

H.I.G. is a multi-strategy alternatives platform. It runs distinct strategies in US lower middle market, US middle market, European middle market, Latin America, growth equity, H.I.G. Advantage (credit/equity hybrid), direct lending, special situations credit, and real estate. Each strategy has its own leadership and fund series, but they share origination networks and operational resources.

Does H.I.G. Capital participate in fund commitments or only direct deals?

H.I.G. is a direct investor across its private equity, credit, and real estate strategies — it does not market a fund-of-funds product. However, the firm manages multiple committed-capital funds that institutional LPs invest into, and the private equity team historically has done co-investments alongside those funds when deal size necessitates partners.

What investment stages does H.I.G. Capital typically target?

H.I.G. targets the full middle-market lifecycle: management buyouts of mature profitable businesses, growth equity for expanding companies, turnaround and distressed situations, recapitalizations, and public-to-private transactions. Its H.I.G. Advantage strategy provides structured capital that blends debt and equity for companies in transition. The firm typically writes equity checks for businesses with enterprise values from $50 million to $1 billion.

Which sectors does H.I.G. Capital explicitly avoid?

H.I.G. does not publish an explicit exclusion list, but its portfolio shows limited exposure to early-stage venture, pure-play biotechnology, and extractive natural resources. The firm's healthcare activity clusters in services, contract manufacturing, and devices rather than drug discovery. There is no disclosed mandate to avoid any specific sector, though its deal criteria require proven business models and motivated management teams with material equity ownership.

How is H.I.G. Capital's real estate strategy structured relative to its private equity operations?

Real estate operates as a separate vertical within H.I.G., offering commercial bridge and permanent loans through vehicles like A10 Capital rather than competing for equity capital. It has its own investment committee and draws on the firm's shared infrastructure, but does not co-mingle capital with the private equity funds. This separation allows H.I.G. to serve real estate borrowers without conflicting with the equity platform's portfolio.

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