H.I.G. Capital raises €673m

The Miami-based private equity group subsidiary has held a final close for its latest realty fund.

H.I.G. Capital held a final close of H.I.G. Europe Realty Partners II at €673 million ($760 million), well above target.

The fund will make value-add investments in the mid-cap real estate sector in Europe, utilizing a flexible and operationally focused approach.

The fund is 16 percent committed and supported by limited partners across the U.K., Germany, Nordics, Switzerland, Spain and Italy, as well as some international investors. Institutional investors in the fund consist of consultants, sovereign wealth funds, endowments, foundations, insurance and public and private pensions.