Overview
McDermott Will & Emery represented H.I.G. Capital, a leading global alternative asset management firm with $58 billion of capital under management, in the formation of H.I.G. Middle Market LBO Fund IV (the Fund).
The Fund closed with aggregate capital commitments of $5.5 billion, in addition to co-investment separately managed accounts of $450 million, significantly exceeding its original target. The Fund will primarily make control equity investments in complex situations in U.S. middle market companies with asymmetric risk/reward profiles and a differentiated value proposition.
The McDermott team was led by partner Ian Schwartz, head of the Firm’s Investment Funds Group, and included partner David Nestler and associates Lauren Nevidomsky, Rafa Calatrava, Alissa Cardillo, Matthew Stern, and Lauren Dehasque and other team members Jonathan Chasin and Jordan Greene. Partners Alex Ruiz and Kevin Hall and associates Kwabena Yeboah and Anthony Teng advised on tax matters. Partner Todd Solomon advised on ERISA matters.
McDermott’s Investment Funds Group is a global leader representing investment fund sponsors and institutional investors providing sophisticated counsel to its clients across the full spectrum of investment fund issues and transactions. The Investment Funds Group is embedded in McDermott’s global private equity practice with lawyers who serve as lead counsel to institutional investors and investment funds through their full lifecycle.
Read H.I.G.’s press release here.
About McDermott
McDermott Will & Emery partners with leaders around the world to fuel missions, knock down barriers and shape markets. Our team works seamlessly across practices and industries to deliver highly effective solutions that propel success. More than 1,400 lawyers strong, we bring our personal passion and legal prowess to bear in every matter for our clients and the people they serve.
