H.I.G. Capital closed special situations credit fund H.I.G. Bayside Loan Opportunity Fund VI at $1.4 billion.
It exceeded its fundraising target, a news release said Monday. The target amount was not disclosed.
H.I.G. Bayside Loan Opportunity Fund VI invests in U.S. small- and midcap special situation credit opportunities. The previous fund, H.I.G. Bayside Loan Opportunity Fund V, closed at $1.5 billion in 2019.
Investors include the $45.5 billion Illinois Municipal Retirement Fund, Oak Brook; $2.3 billion Cincinnati Retirement System; and $1 billion Wayne County Employees' Retirement System, Detroit.
John Bolduc, executive managing director, could not be immediately reached for further information.
