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Alternative Market Briefing

H.I.G. WhiteHorse closes loan fund at $1.1bn

Tuesday, January 07, 2020

Laxman Pai, Opalesque Asia:

HIG WhiteHorse, the credit affiliate of global alternative asset management firm HIG Capital (HIG), has closed the HIG WhiteHorse Principal Lending Fund with capital commitments of approximately USD1.1 billion.

The direct lending fund, according to a press note from the alternative asset management firm with over $35 billion of equity capital under management, invests in "tailored senior secured financing solutions" to North American companies.

Sami Mnaymneh and Tony Tamer, Co-CEOs of H.I.G., said: "The strong response from our investors reflects their confidence in the capability of our team and our differentiated strategy. The team has been very active in the market, having already invested in 24 transactions from the Fund."

Jordan Peer, Head of H.I.G. Capital Formation said: "The Fund attracted a diverse group of long-standing H.I.G. investors, as well as welcoming some new limited partners to the platform. The investor base includes sovereign wealth funds, public and private pensions, endowments, foundations, consultants, and family offices and across the U.S., Europe, Asia, and the Middle East."

Investors include the $883 million Ohio Highway Patrol Retirement System, Columbus.

"We believe the next several years will present a compelling opportunity to partner with off-the-run, sponsor owned companies seeking private credit capital solutions," said Stuart Aronson, Head of U.S. Direct Lending.

Aronson added: "We wil......................

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