H.I.G. Capital, a global alternative investment firm managing $64 billion in assets, has announced the final close of H.I.G. Europe Realty Partners III. The fund secured approximately $1.3 billion in capital commitments, surpassing the size of its predecessor.
H.I.G. Europe Realty Partners III targets value-add investments in the middle-market real estate sector in Europe. The fund has already made over ten investments across various European regions.
Sami Mnaymneh and Tony Tamer, Co-Founders of H.I.G., stated, “We are pleased with the strong support from our investors, which underscores the success of our European real estate platform. The current market environment, particularly in the U.K. and Germany, offers significant investment opportunities due to market dislocations and asset repricing.”
Riccardo Dallolio, Head of Europe Real Estate, added, “The fund is strategically positioned to capitalize on the less efficient middle-market segment in Europe. It will invest across the capital structure and various asset classes, with a focus on value-add and operational improvements to enhance asset appreciation.”
The fund received backing from a diverse group of limited partners, including public and private sector pensions, endowments, foundations, asset managers, consultants, fund of funds, financial institutions, and family offices from North America, Europe, Asia, and the Middle East.
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By Proptechbuzz
By Ravi Kumar
