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


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.

Registered investment advisers similar to H.I.G. Capital, LLC