H.I.G Capital, whose global head of capital formation is Jordan Peer, closes a new European fund. The Miami-based firm said it closed its third European Lower Middle Market Fund above target at 1.1 billion euros.
Like it did with the two prior funds, H.I.G. will look to deploy the fund in lower middle market companies in Western Europe. In a statement, Jordan said the fund “received tremendous support from our global investor base, allowing us to complete an entirely virtual fundraising process within a short time frame.”
It is the second fund that H.I.G. has closed in 2020, having also raised $1.3 billion for its sixth lower middle market private equity fund.
Jordan joined H.I.G. in 2014 from Blackstone’s GSO Capital Partners. She is a past speaker at both the Women’s Alternative Investment Summit and the Women’s Private Equity Summit.
H.I.G. now has $42 billion of equity capital under management. H.I.G. has offices around the country as well as in Europe, South America and Latin America.