# H I G Small-Cap & Growth Buyout
H.I.G. Small-Cap & Growth Buyout is a fund strategy of [H.I.G. Capital](https://www.edgepedia.org/h-i-g-capital), the Miami, Florida-based alternative investment firm founded in 1993, which makes control equity investments in undermanaged and/or high-growth North American companies; its current vehicle is H.I.G. Small-Cap & Growth Buyout Fund IV, L.P.[1](https://www.sec.gov/Archives/edgar/data/1823776/000119312521100318/d141600d10k.htm) • [2](https://hig.com/news/h-i-g-capital-wins-pe-hubs-2025-small-cap-north-america-deal-of-the-year-award/) • [3](https://www.formds.com/issuers/h-i-g-small-cap-growth-buyout-fund-iv-l-p) The strategy is not a standalone firm: it is a fund strategy run by H.I.G. Capital from the firm's headquarters at 1450 Brickell Avenue, and the legal entity that raises its capital is the fund limited partnership itself.[3](https://www.formds.com/issuers/h-i-g-small-cap-growth-buyout-fund-iv-l-p) • [4](https://www.sec.gov/Archives/edgar/data/2113759/000211375926000001/0002113759-26-000001-index.htm)
| Key fact | Detail |
|---|---|
| Parent firm | H.I.G. Capital, founded 1993 by Sami Mnaymneh and Tony Tamer (Co-CEOs), Miami, Florida[1](https://www.sec.gov/Archives/edgar/data/1823776/000119312521100318/d141600d10k.htm) |
| Strategy | Control equity buyouts of undermanaged and/or high-growth North American companies[2](https://hig.com/news/h-i-g-capital-wins-pe-hubs-2025-small-cap-north-america-deal-of-the-year-award/) |
| Current vehicle | H.I.G. Small-Cap & Growth Buyout Fund IV, L.P.[3](https://www.formds.com/issuers/h-i-g-small-cap-growth-buyout-fund-iv-l-p) |
| First Form D filing | May 21, 2025, equity only, no amount yet sold[3](https://www.formds.com/issuers/h-i-g-small-cap-growth-buyout-fund-iv-l-p) |
| Amount reported sold | $1,239,322,337 per the amended Form D filed June 2, 2026[3](https://www.formds.com/issuers/h-i-g-small-cap-growth-buyout-fund-iv-l-p) |
| Named executives | Sami Mnaymneh and Anthony Tamer (Director, Executive); Richard Siegel (Executive)[3](https://www.formds.com/issuers/h-i-g-small-cap-growth-buyout-fund-iv-l-p) |
| Status as of 2026 | Fundraising; parent firm reports $74–75 billion of capital under management[2](https://hig.com/news/h-i-g-capital-wins-pe-hubs-2025-small-cap-north-america-deal-of-the-year-award/) • [5](https://hig.com/about/) |
## Parent firm, founding and people
H.I.G. Capital was founded in 1993 by [Sami Mnaymneh](https://www.edgepedia.org/sami-mnaymneh) and Tony Tamer, who serve as Co-CEOs.[1](https://www.sec.gov/Archives/edgar/data/1823776/000119312521100318/d141600d10k.htm) As of March 1, 2021 the firm managed approximately $44 billion of capital across private equity, growth equity, credit, and real assets strategies, with roughly 425 dedicated investment professionals; by March 2026 the firm's own press release put capital under management at $74 billion, and its about page, retrieved September 2026, states $75 billion.[1](https://www.sec.gov/Archives/edgar/data/1823776/000119312521100318/d141600d10k.htm) • [2](https://hig.com/news/h-i-g-capital-wins-pe-hubs-2025-small-cap-north-america-deal-of-the-year-award/) • [5](https://hig.com/about/)
Key people for the strategy are named in the Fund IV Form D and in the Koozie Group announcement. The filing lists Sami Mnaymneh and Anthony Tamer as Director/Executive and Richard Siegel as Executive of the fund issuer.[3](https://www.formds.com/issuers/h-i-g-small-cap-growth-buyout-fund-iv-l-p) Camilo Horvilleur, a Managing Director, is Co-Head of the Small Cap and Growth Fund; Jonathan Fox, also a Managing Director, worked on the Koozie Group transaction.[2](https://hig.com/news/h-i-g-capital-wins-pe-hubs-2025-small-cap-north-america-deal-of-the-year-award/) The sources name only Horvilleur as Co-Head and do not identify the other co-head or the full partner roster of the platform.
## Funds raised, by the numbers
The public record for Fund IV rests on two Securities and Exchange Commission Form D filings. The fund first filed on May 21, 2025 as a new equity-only offering with no amount yet sold.[3](https://www.formds.com/issuers/h-i-g-small-cap-growth-buyout-fund-iv-l-p) An amended Form D filed June 2, 2026 reported $1,239,322,337 sold, an equity-only offering claiming exemptions under Section 506(b) and Section 3(c)(7) of the Investment Company Act.[3](https://www.formds.com/issuers/h-i-g-small-cap-growth-buyout-fund-iv-l-p) The Form D discloses no target size, no final-close date, and no terms beyond the offering type.
The manager kept raising new vehicles through 2026. H.I.G. Total Access Middle Market, L.P., a fund at the same 1450 Brickell Avenue address, filed a Form D dated July 31, 2026, showing the fund complex was still adding vehicles after Fund IV's amendment.[4](https://www.sec.gov/Archives/edgar/data/2113759/000211375926000001/0002113759-26-000001-index.htm)
## Investment approach and portfolio
The strategy, according to H.I.G.'s own announcement, focuses on control equity investments in undermanaged and/or high-growth North American companies.[2](https://hig.com/news/h-i-g-capital-wins-pe-hubs-2025-small-cap-north-america-deal-of-the-year-award/)
The flagship example on the public record is Koozie Group, a promotional products supplier that H.I.G. acquired while it was a non-core division of its French parent company Bic, working with its management team to create a stand-alone platform. Under H.I.G. ownership Koozie completed four strategic add-on acquisitions before H.I.G. exited in April 2025.[2](https://hig.com/news/h-i-g-capital-wins-pe-hubs-2025-small-cap-north-america-deal-of-the-year-award/) The exit won PE Hub's 2025 Small-Cap North America Deal of the Year, an award covering buyouts with enterprise values between $100 million and $200 million; Jonathan Fox and Camilo Horvilleur described overcoming a significant COVID-related industry contraction during the ownership period.[2](https://hig.com/news/h-i-g-capital-wins-pe-hubs-2025-small-cap-north-america-deal-of-the-year-award/) • [6](https://www.prnewswire.com/news-releases/hig-capital-wins-pe-hubs-2025-small-cap-north-america-deal-of-the-year-award-302714890.html) No retained source provides a fuller strategy-level portfolio list.
## How it compares with sibling H.I.G. platforms
H.I.G. describes itself as focused on the mid-cap segment of the market, and the Small-Cap & Growth Buyout strategy is the lower end of that range.[5](https://hig.com/about/) The broader H.I.G. family of funds spans private equity, growth equity, real estate, direct lending, infrastructure, special situations debt, and growth-stage healthcare, with over 500 investment professionals.[5](https://hig.com/about/) Within that complex, the award band for the Koozie exit, $100 million to $200 million of enterprise value, marks the exit scale of the strategy's flagship deal on record.[2](https://hig.com/news/h-i-g-capital-wins-pe-hubs-2025-small-cap-north-america-deal-of-the-year-award/) Fund IV's approximately $1.24 billion reported sold is one vehicle within this multi-fund structure.[3](https://www.formds.com/issuers/h-i-g-small-cap-growth-buyout-fund-iv-l-p)
## Recent developments
Three dated events mark the recent record. First, Fund IV entered the market with its Form D on May 21, 2025 and reached $1,239,322,337 sold by the June 2, 2026 amendment.[3](https://www.formds.com/issuers/h-i-g-small-cap-growth-buyout-fund-iv-l-p) Second, the strategy exited Koozie Group in April 2025 and received PE Hub's award for that deal in March 2026.[2](https://hig.com/news/h-i-g-capital-wins-pe-hubs-2025-small-cap-north-america-deal-of-the-year-award/) Third, the parent firm's stated capital under management rose from about $44 billion in early 2021 to $74 billion per the March 2026 press release and $75 billion per the September 2026 about page, and the manager continued filing new fund vehicles, including H.I.G. Total Access Middle Market, L.P. in July 2026.[1](https://www.sec.gov/Archives/edgar/data/1823776/000119312521100318/d141600d10k.htm) • [2](https://hig.com/news/h-i-g-capital-wins-pe-hubs-2025-small-cap-north-america-deal-of-the-year-award/) • [4](https://www.sec.gov/Archives/edgar/data/2113759/000211375926000001/0002113759-26-000001-index.htm) • [5](https://hig.com/about/)
## References
1. H.I.G. Acquisition Corp. Form 10-K, SEC EDGAR. https://www.sec.gov/Archives/edgar/data/1823776/000119312521100318/d141600d10k.htm
2. H.I.G. Capital Wins PE Hub's 2025 Small-Cap North America Deal of the Year Award (H.I.G. press release, March 17, 2026). https://hig.com/news/h-i-g-capital-wins-pe-hubs-2025-small-cap-north-america-deal-of-the-year-award/
3. H.I.G. Small-Cap & Growth Buyout Fund IV, L.P. Form D filing record. https://www.formds.com/issuers/h-i-g-small-cap-growth-buyout-fund-iv-l-p
4. Form D filing index, H.I.G. Total Access Middle Market, L.P., SEC EDGAR. https://www.sec.gov/Archives/edgar/data/2113759/000211375926000001/0002113759-26-000001-index.htm
5. About H.I.G. Capital. https://hig.com/about/
6. H.I.G. Capital Wins PE Hub's 2025 Small-Cap North America Deal of the Year Award, PR Newswire, March 17, 2026. https://www.prnewswire.com/news-releases/hig-capital-wins-pe-hubs-2025-small-cap-north-america-deal-of-the-year-award-302714890.html
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*Topic: Encyclopedia › Society and history › Economics and business › Finance › Venture capital and private equity › Private equity and buyout firms of the Americas › Buyout and control firms › Middle-market buyout firms › Southern, Midwestern, and Western US firms*
*Initially written Sep 17, 2026 · Edited: Oct 11, 2026; Oct 15, 2026*
*Copyright 2026 EdgeChat AI, a subsidiary of Biostate AI.*
License: Edgepedia Community License 1.0, https://www.edgepedia.org/edgepedia/license