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WhiteHorse Capital collects $1.1 billion for direct lending funds

WhiteHorse Capital, the direct lending affiliate of alternative money manager H.I.G. Capital, closed its H.I.G. WhiteHorse Direct Lending Fund and H.I.G. WhiteHorse Loan Fund at a total of $1.1 billion, the alternative money manager announced in a news release on Wednesday.

The funds invest in U.S. lower-middle-market companies, according to the news release.

Investors in the direct lending fund include the $58.8 billion Alaska Permanent Fund Corp., Juneau, and the $849 million Ohio Highway Patrol Retirement System, Columbus.

Stuart Aronson, managing director at WhiteHorse, could not be immediately reached to provide further information.