H.I.G. Capital taps Blackstone exec for private equity fund

Timur Akazhanov joined H.I.G. Capital as managing director of the $39 billion firm’s H.I.G. Capital’s Advantage Fund.

Bases in H.I.G.’s New York office, Akazhanov is now focused on investing in business services and tech enabled services sectors and brings with him experience at Blackstone, where he was a managing director focusing on industrials, education and service businesses. Prior to Blackstone, he spent four years at Bain Capital and two years at McKinsey and Company.

“We are delighted to welcome Timur to the team,” said H.I.G. Co-President Brian Schwartz. “His deep industry experience will be invaluable to the Advantage team as we continue sourcing promising opportunities for the Advantage Fund, which makes control equity investments in more stable companies with EBITDA between $25 million and $150 million.”

H.I.G.’s equity funds invest in management buyouts, recapitalizations and corporate carve-outs of both profitable as well as underperforming manufacturing and service businesses.

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