HIG Capital eyes UK deals after $1.4bn fund close

HIG Capital has reached a $1.4bn (£1.08bn) final close of its HIG Europe Realty Partners III, singling out the UK as a source of “compelling investment opportunities”. The fund targets value-add investments in Europe’s middle-market and has made 10 investments so far, backed by 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. Sami Mnaymneh and Tony Tamer, co-founders of HIG, said: “We believe the current environment, specifically in the UK and Germany, where market dislocations are driving meaningful repricing across asset classes, presents compelling investment opportunities for the fund.”