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.
