H.I.G. Capital has closed the H.I.G. Whitehorse Principal Lending Fund at $1.1 billion.
The direct lending fund managed by the H.I.G. Capital's credit affiliate H.I.G. WhiteHorse invests in "tailored senior secured financing solutions" to North American companies, according to a news release Monday.
Investors include the $883 million Ohio Highway Patrol Retirement System, Columbus.
H.I.G. Capital has over $35 billion in assets under management.
Jordan S. Peer, managing director, could not immediately be reached to provide further information.
