H.I.G. Capital closed its latest special situations credit fund, H.I.G. Bayside Loan Opportunity Fund V, said a news release.
The fund closed on $1.5 billion in commitments, exceeding its target. Fund V will focus on investments in small-cap, special situation credit opportunities in Europe.
The previous fund in the series, Fund IV, closed on $1.1 billion in capital commitments in 2016.
Investors in the fund include the $4.2 billion Kern County Employees' Retirement Association, Bakersfield, Calif.
John Bolduc, executive managing director, could not be immediately reached for additional information.