H.I.G. Capital closed its first European middle-market buyout fund, the H.I.G. Europe Middle Market LBO Fund, at €2 billion ($2.4 billion), a news release shows.
The fund targets middle-market companies primarily in Western Europe with values up to €1 billion.
Investors in H.I.G.'s latest fund include the $20.2 billion Orange County Employees Retirement System, Santa Ana, Calif.
