H.I.G. Closes $600M Real Estate Fund
ByThe fund’s general partner and related parties were among the list of contributors, as was a $52 million co-investment vehicle. Fund III, launched in June 2015, has so far amassed a portfolio of eight assets accounting for 20 percent of the commitments.
H.I.G. Realty Partners closed on H.I.G. Realty Partners III, the firm’s value-add investment vehicle. Fund III secured capital commitments totaling $593 million, handily surpassing its hard cap of $500 million.
“The Fund will have a broad mandate to invest across asset classes and will utilize a hands-on, value added, operationally focused approach that seeks to generate substantial asset appreciation,” Sami Mnaymneh and Tony Tamer, Co-CEOs of H.I.G., said in a joint prepared statement…
H.I.G. Closes $600M Real Estate Fund
