H.I.G. WhiteHorse Launches $5.9 Billion Fund IV, Strengthening Middle Market Lending Position

### H.I.G. WhiteHorse Solidifies Position in Middle Market Lending with New Fund

H.I.G. WhiteHorse, the direct lending affiliate of H.I.G. Capital, has successfully closed its H.I.G. WhiteHorse Middle Market Lending Fund IV, attracting $5.9 billion in assets. This significant capital infusion marks a continued commitment to the firm's strategy of providing senior secured loans within the U.S. middle market. With over $18 billion already invested in direct lending to more than 285 middle-market companies, Fund IV aims to further cement H.I.G. WhiteHorse's leadership position in this sector. The fund focuses on loans to both sponsor and non-sponsor entities, specifically targeting companies with EBITDA ranging from $30 million to $100 million.

Co-founders Sami Mnaymneh and Tony Tamer underscore the firm's disciplined approach to investment in the middle market, emphasizing the unique strategies that differentiate H.I.G. WhiteHorse from its competitors. As they navigate an evolving economic landscape, the leadership remains confident in the firm's value-adding capabilities as a financing partner. They highlight the strategic importance of engaging with a diverse array of borrowers, which not only enhances deal flow but also mitigates risks associated with market volatility.

The execution of Fund IV is supported by a robust team of 24 originators spread across 13 regional markets, which positions H.I.G. WhiteHorse to capitalize on attractive lending opportunities. Stuart Aronson, the CEO, notes the promising landscape for providing private debt solutions to middle-market companies seeking refinancing and growth capital. Meanwhile, Jordan Peer Griffin, Managing Director and Global Head of Capital Formation, highlights the fund's rigorous credit underwriting approach, designed to deliver superior risk-adjusted returns. The diverse investor base for Fund IV includes public and private pension funds, sovereign wealth funds, and family offices, reflecting strong confidence in H.I.G. WhiteHorse's ability to generate attractive outcomes even amid fluctuating market conditions.

In a broader context, H.I.G. WhiteHorse's strategic focus on senior secured debt spans multiple sectors, including Business Services, Healthcare, and Technology. This diverse investment mandate enables the firm to adapt to various market dynamics while continuing to meet the financing needs of middle-market companies. As H.I.G. WhiteHorse embarks on this new fund, the firm remains steadfast in its mission to be a reliable partner for businesses navigating the complexities of private debt financing.

Overall, the successful closing of Fund IV not only enhances H.I.G. WhiteHorse’s capital resources but also reinforces its standing as a leading player in the middle market lending space. The firm's commitment to rigorous underwriting and diversified deal flow positions it well for future growth, as it seeks to deliver value to its investors and clients alike.