Dyal Capital takes stake in H.I.G. Capital

Dyal Capital Partners took a minority equity stake of less than 15% in H.I.G. Capital.

Proceeds will be used by H.I.G. to seed new investment initiatives and to invest more of the firm’s money in its own funds, according to an H.I.G. Capital news release.

Neither Anthony Tamer, founding partner and co-CEO of H.I.G., nor Jordan Press, H.I.G.’s managing director of capital formation, returned calls seeking more information.

Alexander Samuelson, a spokesman for Neuberger Berman, Dyal Capital’s parent, confirmed the investment, but declined to provide further comment.

HH.I.G. manages about $20 billion, according to its website. It was launched in 1993 as a private equity manager specializing in buyouts in small- and midcap companies in North America but now invests private equity assets globally as well as managing credit/debt lending and real estate strategies.

Dyal Capital is a private equity subsidiary of Neuberger Berman that focuses on the acquisition of minority equity stakes in money management companies.