The distressed debt and private lending boom that began last year in the early weeks of the pandemic continues with H.I.G. Bayside Capital, H.I.G.’s distressed debt affiliate, closing its H.I.G. Bayside Loan Opportunity Fund VI with $1.4 billion in capital commitments.
H.I.G.'s John Bolduc (provided)
The fund had handily exceeded its target and will focus on investments in U.S. small and midcap special situation credit opportunities, according to Sami Mnaymneh and Tony Tamer, co-CEOs of H.I.G. Capital, which has over $43 billion . . .