H.I.G. Capital expands senior leadership team

Private equity firm H.I.G. Capital promoted Rick Rosen and Brian Schwartz to the newly created title of co-presidents, while adding three to its senior leadership team. The organizational changes were made to position the firm for continued growth and better manage the increasing scale and scope of the $35 billion global alternative investment firm. Rosen and Schwartz have been at the firm since the 1990s and currently manage the H.I.G. U.S. Middle Market Fund and the H.I.G. Advantage fund, respectively. They are expected to work closely with Sami Mnaymneh and Tony Tamer, founders and co-CEOs of H.I.G., who will continue to lead the firm. Meanwhile, Doug Berman, John Bolduc, and Wolfgang Biedermann have each been promoted to the senior leadership team in executive managing director positions. Berman has also been promoted to the role of head of U.S. private equity and has been at the firm since 1995. He is the head of the H.I.G. U.S. LBO fund. Bolduc will continue overseeing H.I.G.’s credit funds and has been with the firm since 1994. Meanwhile, Biedermann has been promoted to head of Europe buyouts. He joined the firm in 2007 and is the head of the H.I.G. Europe LBO fund. “This is an exciting and energizing development for H.I.G. and a logical set for us in the long-term leadership planning for the firm,” said the founders in a statement. “We have never been more excited about the firm’s prospects than we are today.” H.I.G. was founded in Miami by Mnaymneh and Tamer in 1993 and now had more than 720 employees and 16 offices worldwide. It has invested in more than 300 portfolio companies with revenues in excess of $40 billion.

H.I.G. Capital expands senior leadership team

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