H.I.G. Capital, a leading global alternative asset management firm with more than $30 billion of equity capital under management, has closed H.I.G. Europe Realty Partners II. The fund closed with aggregate capital commitments of €673 million ($760 million), exceeding its target. The fund will principally make value-add investments in the small- and mid-cap real estate sector in Europe.
The fund is already 16 percent committed, according to Sami Mnaymneh and Tony Tamer, co-CEOs of H.I.G.
“The fund will invest in Europe across the capital structure and asset classes with a particular focus on its target market of small- and mid-cap real estate opportunities,” said Riccardo Dallolio, managing director and head of H.I.G. Europe Realty Partners.
Institutional investors across the United Kingdom, Germany, Nordics, Switzerland, Spain and Italy, as well as from international investors across the United States, Asia and Middle East, invested in the fund.
