H.I.G. Capital News
Founder and Co-CEO
Founder and Co-CEO
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Steven Schwartz Joins H.I.G. Bayside Capital as Head of U.S. Distressed Commercial Real Estate
NEW YORK – September 25, 2017 – H.I.G. Capital (“H.I.G.”), a leading global alternative asset firm with $23 billion of equity capital under management*, is pleased to announce that Steven Schwartz, former Head of Acquisitions and Originations at Torchlight Investors, LLC. (“Torchlight”), has joined H.I.G. Bayside Capital as a Managing Director responsible for distressed commercial real estate. Schwartz was a partner at Torchlight for over six years where he served on its board of directors as well as its investment and operating committees. Prior to Torchlight, Schwartz spent almost 20 years at JP Morgan where he ran the CMBS and commercial real estate banking groups.
Bayside Capital provides rapid access to debt and equity capital, in partnership with existing stakeholders in complex situations requiring a customized solution. With the ability to invest in all parts of the capital structure, Bayside is able to develop creative financing solutions and fund transactions on an expedited basis. Typical investment size ranges from $10 million to $100 million.
Sami Mnaymneh and Tony Tamer, Co-CEO’s of H.I.G., commented: “We are delighted to welcome Steven to H.I.G. He brings an enviable record of success in commercial real estate, and has built deep relationships based on flexibility, responsiveness, and a long-term orientation. We are confident that he will make a significant contribution to growing H.I.G.’s distressed investing activities.”
About Bayside Capital
Bayside Capital is the distressed debt and special situations affiliate of H.I.G. Capital. Focused on middle market companies, Bayside invests across several segments of the primary and secondary debt capital markets with an emphasis on long term returns. With eight offices throughout the U.S. and Europe and over 300 investment professionals to draw upon, Bayside has the experience, resources, and flexibility required to provide capital solutions quickly, and the strategic and operational expertise to help support its investments. For more information, please refer to the Bayside website at www.bayside.com.
About H.I.G. Capital
H.I.G. is a leading global alternative assets investment firm with $23 billion of equity capital under management.* Based in Miami, and with offices in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco, and Atlanta in the U.S., as well as international affiliate offices in London, Hamburg, Madrid, Milan, Paris, Bogotá, Mexico City and Rio de Janeiro, H.I.G. specializes in providing both debt and equity capital to small and mid-sized companies, utilizing a flexible and operationally focused/ value-added approach:
- H.I.G.’s equity funds invest in management buyouts, recapitalizations and corporate carve-outs of both profitable as well as underperforming manufacturing and service businesses.
- H.I.G.’s debt funds invest in senior, unitranche and junior debt financing to companies across the size spectrum, both on a primary (direct origination) basis, as well as in the secondary markets. H.I.G. is also a leading CLO manager, through its WhiteHorse family of vehicles, and manages a publicly traded BDC, WhiteHorse Finance.
- H.I.G.’s real assets funds invest in value-added properties, which can benefit from improved asset management practices.
Since its founding in 1993, H.I.G. has invested in and managed more than 200 companies worldwide. The firm's current portfolio includes more than 100 companies with combined sales in excess of $30 billion. For more information, please refer to the H.I.G. website at www.higcapital.com.
* Based on total capital commitments managed by H.I.G. Capital and affiliates.