That's HIG in a nutshell, bringing growth equity return (and loss ratio) profiles to the buyout space.
Imo what's even more impressive than the number of 30x MOICs is the number of 8-20x MOIC investments HIG had in the past 1-2 years given the M&A markets 2022 onwards.
Elite firm with elite returns, and a great account to cover on the IB side since they are so active as well. Very smart and sharp dudes over at HIG. Lots of senior bankers make a lot of their living working with HIG. They do have zero's as well, but that's expected given their strategy.
Not sure why you got MS but H.I.G. does indeed have a higher loss ratio than others. That being said, their fund performance has still done pretty well (we see their docs all the time as a FoF). Pretty sure most of these investments came from their Flagship LMM fund, for which the 2007 vintage was marked at ~34% net IRR 4x net MOIC and the 2014 vintage was still marked at ~42% net IRR / 4.5x MOIC iirc. Fund-level performance is obviously not 8x+ or anything like the investments shown but still top decile.
Strange, I’ve seen this exact deck before and it clearly says top right under the HIG logo small cap and growth, might be too small to see here but if you look on X I just checked it’s the same slide. Re their flagships I agree those returns are seriously impressive.
Not sure why you got MS but H.I.G. does indeed have a higher loss ratio than others. That being said, their fund performance has still done pretty well (we see their docs all the time as a FoF). Pretty sure most of these investments came from their Flagship LMM fund, for which the 2007 vintage was marked at ~34% net IRR 4x net MOIC and the 2014 vintage was still marked at ~42% net IRR / 4.5x MOIC iirc. Fund-level performance is obviously not 8x+ or anything like the investments shown but still top decile.
Came across this thread while looking into HIG and your comment stood out to me. I'm kicking off a recruiting process over the next few weeks as an experienced associate for either a senior associate / VP role. Would be very curious to get some insight into how different funds are performing based on your experience. Would you be open to a conversation?
They've done remarkably well with keeping their core value-oriented buyout strategies disciplined and performing well. Will be interesting to see how their firm-wide strategy to focus on AUM-grabbing over staying focused on their core fund families with all these new funds (Advantage, Infrastructure, Growth, etc.) will pan out.
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They have an absolute ton of 0s tho. Returns are good though which is how they can charge 30% carry (iirc) and 2.5% mgmt fee.
That's HIG in a nutshell, bringing growth equity return (and loss ratio) profiles to the buyout space.
Imo what's even more impressive than the number of 30x MOICs is the number of 8-20x MOIC investments HIG had in the past 1-2 years given the M&A markets 2022 onwards.
Can’t zoom in on the photo, clicking the link does nothing. WSO app is so trash
laughed and tried to upvote your comment but got “in order to vote…” and couldn’t. this app is actual dogshit
It doesn’t even work for comments anymore. It’s white font on white background so I look like I cannot type lmao.
Elite firm with elite returns, and a great account to cover on the IB side since they are so active as well. Very smart and sharp dudes over at HIG. Lots of senior bankers make a lot of their living working with HIG. They do have zero's as well, but that's expected given their strategy.
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Not sure why you got MS but H.I.G. does indeed have a higher loss ratio than others. That being said, their fund performance has still done pretty well (we see their docs all the time as a FoF). Pretty sure most of these investments came from their Flagship LMM fund, for which the 2007 vintage was marked at ~34% net IRR 4x net MOIC and the 2014 vintage was still marked at ~42% net IRR / 4.5x MOIC iirc. Fund-level performance is obviously not 8x+ or anything like the investments shown but still top decile.
Still though...4x+ net MOIC with 30% carry fees is insane...
Strange, I’ve seen this exact deck before and it clearly says top right under the HIG logo small cap and growth, might be too small to see here but if you look on X I just checked it’s the same slide. Re their flagships I agree those returns are seriously impressive.
Came across this thread while looking into HIG and your comment stood out to me. I'm kicking off a recruiting process over the next few weeks as an experienced associate for either a senior associate / VP role. Would be very curious to get some insight into how different funds are performing based on your experience. Would you be open to a conversation?
They've done remarkably well with keeping their core value-oriented buyout strategies disciplined and performing well. Will be interesting to see how their firm-wide strategy to focus on AUM-grabbing over staying focused on their core fund families with all these new funds (Advantage, Infrastructure, Growth, etc.) will pan out.
anyone know how their more recent investments are doing? this page is super impressive but a lot of these deals are super old...
That spread between gross and net though...HIG's part of an increasingly rare breed of PE firms still able to charge fees and carry to that extent.
Quisquam cum harum nihil. Laboriosam ex facere illum quod. Dignissimos facilis perferendis delectus in culpa consectetur dolorem. Temporibus vero dignissimos quae aliquam. Pariatur qui rem quaerat ea et deserunt inventore. Rem consequuntur dolore accusantium ratione aut sit vel.
Incidunt unde id ex qui doloribus. Distinctio facilis unde accusantium suscipit voluptatem.
Ad maiores minima non placeat. Nihil ut et quae repudiandae aliquid nemo. Dolorem iure aperiam ipsa deserunt et fugiat. Voluptatem commodi aut et officia officiis.
Reiciendis blanditiis consectetur quia hic laborum aut vel est. Harum omnis tempora quo qui odio. Odio sit nihil qui. Cupiditate vel ratione occaecati. Pariatur dicta itaque ipsum expedita.
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