Carlos Soto has joined alternative manager H.I.G. Capital as a managing director and head of U.S. private equity business development.
Mr. Soto will be responsible "for leading the business development and transaction origination efforts for all of H.I.G.'s U.S. private equity funds," H.I.G. said in a Thursday news release.
Mr. Soto was formerly at MSD Partners, where he served as a managing director and head of business development in the private capital group, the release noted.
Doug Berman, head of U.S. private equity at H.I.G., said in the release that Mr. Soto "has a long history in private equity, having managed business development for several top-tier firms."
Based in Miami, Fla., H.I.G. Capital has more than $50 billion of equity capital under management — a figure based on total capital commitments managed by H.I.G. Capital and affiliates, the release said.
H.I.G. officials could not be immediately reached for further details, while an MSD spokesman declined to comment.
