H.I.G. Capital closes H.I.G. Realty Partners IV Fund

H.I.G. Capital has closed its fourth U.S. Realty Partners fund, H.I.G. Realty Partners IV.

The fund closed with aggregate capital commitments of $838 million, exceeding its target.

The fund will continue to pursue the successful investment strategy employed by its predecessor funds and target mid-cap assets with gross asset values (GAV) typically less than $200 million, primarily in the major markets of the United States. The fund has already made nine investments.

Jordan Peer Griffin, executive managing director and global head of H.I.G. capital formation, said, “The fund received tremendous support from our global investor base, allowing us to complete a mostly virtual fundraising process. The fund is comprised of a diverse group of leading real estate investors, including foundations, endowments, public and corporate pensions, consultants, sovereign wealth funds, and family offices in North America, Europe, Asia and the Middle East.”

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