HIG Capital Strengthens Middle Market Position with Record Fundraising

HIG Capital has solidified its middle market leadership through the successful close of its $5.9 billion H.I.G. WhiteHorse Middle Market Lending Fund IV, marking the largest fundraising milestone in the direct lending division’s history.

The fund represents a significant achievement for HIG Capital’s credit platform, which has originated approximately $18 billion in transactions since launching its middle market strategy. Fund IV will maintain the division’s emphasis on senior secured floating rate loans targeting companies with EBITDA between $30 million and $100 million.

Stuart Aronson, Executive Managing Director and CEO of H.I.G. WhiteHorse, highlighted favorable market conditions for the strategy: “We believe the coming years will offer a compelling opportunity to serve as a value-added financing partner to both sponsor and non-sponsor middle market companies.”

The successful fundraising attracted capital from a diverse international investor base encompassing pension funds, sovereign wealth funds, endowments, and family offices. This broad support reflects growing institutional confidence in middle market lending strategies amid challenging traditional exit environments.

HIG Capital’s WhiteHorse division operates with 85 credit professionals across the U.S. and Europe, having completed investments in over 285 middle market companies since inception. The platform’s consistent focus on conservative loan-to-value ratios and bespoke financing structures has delivered attractive risk-adjusted returns across market cycles.

The fundraising milestone coincides with HIG Capital’s expansion into secondaries markets through the recruitment of four senior professionals from Morgan Stanley. This strategic move positions the firm to capitalize on growing demand for GP-led transactions as sponsors seek alternative liquidity solutions.

Founded by Sami Mnaymneh and Tony Tamer in 1993, HIG Capital manages $70 billion across multiple investment strategies from 19 global offices. The firm has invested in more than 400 companies since inception, with current portfolio holdings generating combined revenues exceeding $53 billion across diverse industries and geographies. The firm’s comprehensive approach to middle market investing continues to attract significant investor interest.