H.I.G. Realty Partners III raises $593m

H.I.G. Realty Partners has closed its H.I.G. Realty Partners III fund, exceeding its $500 million target.

The opportunistic fund raised $593 million in equity commitments. 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. It is already 20 percent committed in eight acquisitions.

H.I.G. Realty Partners III will continue H.I.G.’s successful investment strategy of focusing on value-add investments in small to mid-cap properties in the United States.