HIG expands capital formation team in London

Min Ho
21 November 2022

Tweet
Facebook
LinkedIn
Google plus
Send to

HIG Capital is bolstering its capital formation team with three hires across its private equity and credit fundraising areas in London.

Daniel Rosenthal Ayash joins as a managing director and is responsible for managing HIG's European client partnerships for the firm's global private equity platform. He joins from Eaton Partners, where he was an MD for the Europe, Middle East, and Africa private funds group, according to the statement.

In Europe, HIG is currently investing in Middle Market I, also known as Europe Middle Market LBO Fund, which raised EUR 2bn in 2020, according to Unquote data. It is also actively investing in HIG Europe Lower Middle Market LBO III, which raised EUR 1.1bn in 2020, according to Unquote data.

In North America, the GP closed its lower middle-market fund HIG Capital Partners VI at USD 1.3bn in 2020, according to its website. Similarly, it closed its HIG Middle Market LBO fund at USD 3.1bn in 2019, it said.

The two hires have been made on HIG's credit business. Bernice Berschader is joining as a principal and is responsible for managing its European client partnerships for the firm's global credit platform. Prior to HIG, she was the head of EMEA capital formation at Castlelake, where she was responsible for capital raising activities across the firm's private credit, private equity, and real asset strategies, the statement said.

Micael Hagelin joins as a managing director and is also responsible for managing HIG's European client partnerships for the firm's global credit platform. Prior to HIG, he was a managing partner at New End Associates, where he was responsible for the capital formation of primary funds and direct investments covering institutional clients across the Nordics and the Netherlands.

HIG WhiteHorse, the credit affiliate, closed its direct lending fund at USD 1.67bn in 2021, according to its website. In the same year, the GP affiliate Bayside Capital, which oversees distressed debt and special situations, closed at USD 1.4bn for its Bayside Loan Opportunity Fund, it said.

The hires come during a time when HIG's investment activities are at an "all-time high", Jordan Peer Griffin, the executive managing director said in the statement.

The alternative asset manager, with USD 44bn in equity capital under management, is based in Miami, with offices in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco, and Atlanta in the U.S., as well as international affiliate offices in London, Hamburg, Madrid, Milan, Paris, Bogotá, Rio de Janeiro and São Paulo.