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Laxman Pai, Opalesque Asia: The global alternative investment firm H.I.G. WhiteHorse, the credit affiliate of H.I.G. Capital, closed its latest fund, H.I.G. WhiteHorse Direct Lending Fund - 2020, with about $1.65 billion in total assets, exceeding its fundraising target.
H.I.G. WhiteHorse's latest fund will originate senior secured loans primarily for non-private equity-backed U.S. companies, said a press release from private equity and alternative assets investment firm.
"The Fund will continue H.I.G.'s successful investment strategy of originating tailored senior secured financing solutions to primarily non-sponsor owned companies in the U.S.," said the release.
Stuart Aronson, Head of U.S. Direct Lending, said: "The next several years will present a compelling opportunity to partner with non-sponsor owned companies in need of private debt solutions. H.I.G.'s synergistic platform is well-positioned to continue to build on H.I.G.'s long-standing track record of being a value-added debt provider to leading small/mid-cap companies."
Jordan Peer, Head of H.I.G. Capital Formation said, "The Fund received strong support from a diverse and global investor base in North America, Europe, Asia, and the Middle East, including sovereign wealth funds, public and corporate pensions, consultants, foundations, endowments, and family offices."
Investors in the fund include the $137.9 billion New York State Teachers' Retirement System,...................... To view our full article Click here
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