H.I.G. Capital Raises $1.3 Billion for Europe Realty Fund III - Middle East News 247
July 16, 2024
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H.I.G. Capital Raises $1.3 Billion for Europe Realty Fund III

H.I.G. Capital (“H.I.G.” or “the Firm”), a leading global alternative investment firm with $64 billion of capital under management, is pleased to announce the final close of H.I.G. Europe Realty Partners III (the “Fund”). The Fund closed with aggregate capital commitments of approximately $1.3 billion,1 significantly above the predecessor’s fund size.

H.I.G. Europe Realty Partners primarily targets value-add investments in the middle market real estate segment in Europe. To date, the Fund has made over ten investments across various geographies in Europe.

Sami Mnaymneh and Tony Tamer, Co-Founders of H.I.G., commented, “As we continue to expand our global real estate footprint, we are thrilled by the success of our European real estate platform as evidenced by the strong support from our investors. We believe the current environment, specifically in the U.K. and Germany, where market dislocations are driving meaningful repricing across asset classes, presents compelling investment opportunities for the Fund.”

Riccardo Dallolio, Head of Europe Real Estate, added, “The Fund is well-positioned to capitalize on the current market opportunity set in the less efficient middle market segment across Europe. It will invest across the capital structure and asset classes with a particular focus on value-add and operational improvements to generate substantial asset appreciation.”

The Fund was supported by a diverse and global group of limited partners including public and private sector pensions, endowments, foundations, asset managers, consultants, fund of funds, financial institutions, and family offices in North America, Europe, Asia, and the Middle East.

1Including separately managed accounts that co-invest alongside the Fund.

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