H.I.G. Capital, LLC (Miami)

Name: H.I.G. Capital, LLC
Address: 1450 Brickell Avenue, 31 St Floor, Miami, FL, 33131
Telephone: 305-379-2322

H.I.G. Capital, LLC is a large advisory firm based in Miami. It manages $26.08 billion of regulatory assets for 92 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdictions of California, Connecticut, Florida, and 4 other states.

H.I.G. Capital provides portfolio management for pooled investment vehicles and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

H.I.G. Capital: assets under management

The assets under management (AUM) of H.I.G. Capital, LLC is $26.08 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 204% since the beginning of its operation, and $8.73 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $26.08 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $283.52 million each.

H.I.G. Capital has custody of $24.28 billion in cash and securities for 86 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in other assets the most. They account for 61% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 19% of the firm’s portfolio. Investments in non-investment grade corporate bonds form 17% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay H.I.G. Capital, LLC for their services and products based on a percentage of assets under management and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients H.I.G. Capital serves?

The firm provides services to insurance companies and pooled investment vehicles. The largest group of clients of H.I.G. Capital is pooled investment vehicles with 83 clients and $25.39 billion of assets under management. Among the 11 most similar advisory firms, H.I.G. Capital has the 5th highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $25.58 billion for 89 clients. 52% of the firm’s clients are foreign persons or businesses.

H.I.G. Capital also advises several private funds. Namely, ten real estate funds, forty seven private equity funds, five venture capital funds, and six securitized asset funds. The minimum investment commitment required of non-related persons ranges from $0 to $20,000,000.

Careers at H.I.G. Capital, LLC

The company employs 693 people that are either part- or full-time employees. 56 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Sami Mnaymneh	Co-ceo, h.i.g. capital, l.l.c.	1 Jul 1998	Other	2038976
Anthony Tamer	Co-ceo, h.i.g. capital, l.l.c.	1 Jul 1998	Other	6027594
Sami Mnaymneh	Shareholder, bayside capital, inc.	1 Aug 2004	50% - 75%	2038976
Anthony Tamer	Shareholder, bayside capital, inc.	1 Aug 2004	50% - 75%	6027594
Ruth Brophy	Chief financial officer, h.i.g. capital, l.l.c.	1 Sep 2004	Other	6027611
Inc. H.I.G. Realty Management	General partner, h.i.g. realty capital, l.p.	1 Jun 2005	Other	20-5625623
Richard Siegel	General counsel and chief compliance officer, h.i.g. capital, l.l.c.	1 Jul 2005	Other	6027607
Llc Brightpoint Advisors Management	Sole member, brightpoint capital advisors, llc	1 Nov 2005	75% - 100%	20-3809103
Llc Hcm Realty	Limited partner, h.i.g. realty capital, l.p.	1 Oct 2007	75% - 100%	20-3632714
Sami Mnaymneh	Shareholder, bayside capital, inc.	1 May 2008	25% - 50%	2038976
Anthony Tamer	Shareholder, bayside capital, inc.	1 May 2008	25% - 50%	6027594
Lp Mnaymneh H.I.G. Management	Shareholder, bayside capital, inc.	1 May 2008	25% - 50%	xxx-xx-xxxx
Lp Tamer H.I.G. Management	Shareholder, bayside capital, inc.	1 May 2008	25% - 50%	xxx-xx-xxxx
L.P. Mnaymneh H.I.G. Management	Shareholder, bayside capital, inc.	1 May 2008	25% - 50%	xxx-xx-xxxx
L.P. Tamer H.I.G. Management	Shareholder, bayside capital, inc.	1 May 2008	25% - 50%	xxx-xx-xxxx
Mnaymneh H.I.G. Management Lp	Member, h.i.g. capital, l.l.c.	1 May 2008	25% - 50%	xxx-xx-xxxx
Llc H.I.G. Capital	Member, h.i.g. whitehorse capital, llc	1 Feb 2013	75% - 100%	160711
Inc. H.I.G. Gpii	Manager, h.i.g. whitehorse capital, llc	1 Feb 2013	Other	65-0863795
Lp H.I.G. Capital Partners	Member, h.i.g. capital, l.l.c.	1 Sep 2014	75% - 100%	47-2345160
Lp H.I.G. Capital Partners	Member, h.i.g. capital, l.l.c.	1 Oct 2014	75% - 100%	47-2345160
L.P. 2015 Mnaymneh H.I.G. Management	Shareholder, bayside capital, inc.	1 Aug 2015	Other	xxx-xx-xxxx
L.P. 2015 Tamer H.I.G. Management	Shareholder, bayside capital, inc.	1 Aug 2015	Other	xxx-xx-xxxx
L.L.C. H.I.G. Capital Advisor Holdings	Member	1 Aug 2016	Other	98-1319513
L.L.C. H.I.G. Capital Advisor Holdings Ii	Member	1 Aug 2016	Other	98-1319521
Lp H.I.G. Capital Partners	Member	1 May 2018	50% - 75%	47-2345160
L.L.C. H.I.G. Capital Advisor Holdings 2018	Member	1 May 2018	Other	82-5425971
L.L.C. H.I.G. Capital Advisor Holdings 2018 Ii	Member	1 May 2018	Other	82-5425971
Ruth Brophy	Senior advisor	1 Jun 2018	Other	6027611
Susan Anne Gentile	Chief financial and administrative officer	1 Jun 2018	Other	7017007

Indirect Owners

The SEC currently registers 24 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Sami Mnaymneh	Member	1 Jun 2005	50% - 75%	2038976
Anthony Tamer	Member	1 Jun 2005	50% - 75%	6027594
Inc. H.I.G. Gpii	Manager	1 Nov 2005	Other	65-0863795
L.L.C. H.I.G. Capital	Member	1 Nov 2005	75% - 100%	65-0863927
Llc Mnaymneh Family Management	General partner	1 May 2008	Other	xxx-xx-xxxx
Llc Tamer Family Management	General partner	1 May 2008	Other	xxx-xx-xxxx
The 2008 Tamer Descendants' Trust	Limited partner	1 May 2008	75% - 100%	xxx-xx-xxxx
Oscar Seikaly	Trustee	1 May 2008	Other	6030108
The Tamer Management Trust	Member	1 May 2008	75% - 100%	xxx-xx-xxxx
The 2008/2012 Mnaymneh Descendants' Trust	Limited partner	1 Jan 2012	75% - 100%	xxx-xx-xxxx
J.P. Morgan Trust Company Of Delaware	Trustee	1 Jan 2012	Other	51-0354501
The 2008/2012 Mnaymneh Gp Trust	Member	1 Jan 2012	75% - 100%	xxx-xx-xxxx
Llc H.I.G. Gp Global	General partner	1 Sep 2014	Other	47-2345110
Sami Mnaymneh	Limited partner	1 Sep 2014	25% - 50%	2038976
Anthony Tamer	Limited partner	1 Sep 2014	25% - 50%	6027594
Lp Mnaymneh H.I.G. Management	Limited partner	1 Sep 2014	25% - 50%	xxx-xx-xxxx
Lp Tamer H.I.G. Management	Limited partner	1 Sep 2014	25% - 50%	xxx-xx-xxxx
Dyal Capital Partners Hotshot Aggregator Ah I Lp	Member, h.i.g. capital advisor holdings, l.l.c.	1 Aug 2016	75% - 100%	98-1319513
Dyal Capital Partners Hotshot Aggregator Ah Ii Lp	Member, h.i.g. capital advisor holdings ii, l.l.c.	1 Aug 2016	75% - 100%	98-1319521
Nb Dyal Gp Holdings Llc	General partner, dyal capital partners hotshot aggregator ah i lp	1 Aug 2016	Other	27-2302165
Llc H.I.G. Gp Global	Manager, h.i.g. capital advisor holdings, l.l.c.	1 Aug 2016	Other	47-2345110
Dyal Capital Partners Iv Hotshot Aggregator (A) Lp	Member, h.i.g. capital advisor holdings 2018, l.l.c.	1 May 2018	75% - 100%	82-5425971
Nb Dyal Gp Holdings Llc	General partner, dyal capital partners iv hotshot aggregator (a) lp	1 May 2018	Other	27-2302165
Llc H.I.G. Gp Global	Manager, h.i.g. capital advisor holdings 2018, l.l.c.	1 May 2018	Other	47-2345110

Based in Miami

The principal office where H.I.G. Capital, LLC performs its advisory services is located at 1450 Brickell Avenue, 31 St Floor, Miami, FL 33131, which is also the mailing address of the firm. An additional office of the firm is in Dallas, TX. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 305-379-2322 or by fax 305-381-4180. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at higcapital.com.