About This Fund
H.I.G. Advantage Buyout Fund II is a large-cap buyout fund managed by Miami-based H.I.G. Capital, one of the world's leading alternative asset management firms with over $60 billion in capital under management. Established as the successor to H.I.G.'s first Advantage Buyout Fund — which closed at $3 billion in October 2018 — Fund II pursued an oversubscribed fundraising process with an initial target of $5 billion. According to Form D filings with the U.S. Securities and Exchange Commission, the fund raised approximately $1.39 billion through its most recent amended filing in April 2024.
The Advantage platform focuses on upper middle-market and large-cap buyout transactions in North America, targeting companies with established revenue streams and clear operational improvement potential. H.I.G. Capital's integrated platform spans private equity, real estate, credit, and growth equity, providing comprehensive operational support to portfolio companies. Bayside Capital, H.I.G.'s structured credit and special situations affiliate, provides complementary investment capabilities alongside the Advantage Buyout strategy.
H.I.G. Capital was founded in 1993 and manages a global portfolio spanning North America, Europe, and Latin America, with offices in Miami, New York, Boston, Chicago, Los Angeles, London, Hamburg, Luxembourg, Milan, Paris, Bogotá, Rio de Janeiro, São Paulo, and Dubai. The firm has completed over 400 transactions totaling over $50 billion in aggregate transaction value. The fund is headquartered at 1450 Brickell Avenue, 31st Floor, Miami, FL 33131, and closed in 2024, cementing H.I.G.'s position as a leading large-cap buyout investor in North America.