Updated (2021) Views on H.I.G. Capital?
There's a few other threads that are dated but I'm curious if anyone has any updated views on HIG and what it's like to work there. Is pay / benefits / lifestyle still way below market? Are they well respected / are lateral opportunities to other MM / UMM funds solid? How do the various funds (Advantage, MM LBO, LBO) stack up in terms of reputation, returns, and prestige? Does the culture vary by office (Miami vs. SF vs. NYC vs. Boston)? Any color would be helpful. Gracias.
bump
Bump
Have heard Miami group is a sweatshop.
Happy to add a data point on HIG Bayside (special situations fund). Pay is street (associate friend made ~$270k all in last year), but culture isn't known to be great (high associate turnover, nobody wants to stay on for VP). Have worked alongside in deals and they're sharp and in interesting credits. This is for the NYC office, unsure if Bayside operates in the others.
From a general perspective, agree with other commenters, however it seemed to be a highly desirable spot in the recent on-cycle processes.
Does Bayside have the same bad culture as the rest of HIG?
Yup, everything I said above is in reference to Bayside specifically. I'm less familiar with the PE side of things at HIG.
Any idea on VP comp for Bayside / if WLB or culture improves past the associate level?
Still sweaty as ever.
Bump / any view on their Growth Partners fund?
These are the dumbest threads. If HIG was sweaty yesterday, they will probably still be sweaty tomorrow. HIG is a highly respected firm and there have been dozens of threads on the culture, comp, etc. You'll get a much better sense for the firm if you linkedin message a few associates / senior associates / VP's and set up a call to "learn about the firm and your approach to [PE, credit, etc.]
Agree with the above poster. Great returns, but shitty culture and WLB.
Source: was a jaded associate who left HIG a year ago
did you work with the folks on the growth team / any idea if its sweaty like MM funds?
Sorry I did not but have heard generally that the team and culture is slightly better in growth vs buyout funds.
Thanks for your post! What's your sense of the WLB/hours for VPs in the NYC office?
I know HIG recently started an affiliated "HIG tech" platform - how do folks within HIG think about the prospect of this initiative?
Associates, VPs, and Principals were all getting worked during my time there. VPs were pulling associate hours (80+ every damn week after COVID started) while Principals were consistently working past 9pm. One VP mentioned that he had worse hours than when he was an associate at his MF. I’m not sure how much WLB has changed since but this was largely driven by 1) insane amount of new deals in the pipeline after COVID, 2) new partner hires/promotes and inadequate junior staffing, and 3) new fund strategies (tech, SPAC, etc).
HIG is a bit late to the tech buyout boom and they’re still trying to wrap their heads around valuation when it comes to software. It’ll take some time for IC to get comfortable with valuations and certain tech business models (given HIG is inherently a value shop) but they’ve done a couple of deals since launching the fund and made some key hires before doing so. Since they are still in “figure it out” mode, IC is a bit more demanding when it came to diligence. This was a year ago so again, maybe things have changed.
Nostrum qui dicta voluptatem ut est. Voluptatem rerum accusamus neque dolor voluptas qui quos. Qui veniam qui veritatis natus iste. Sit occaecati recusandae qui velit. Quidem velit est ducimus.
Ratione amet molestiae ut debitis et. Ratione nostrum quasi et ipsa minima cum facilis. Aut similique officia similique et explicabo. Similique modi dicta et id omnis minus.
Suscipit possimus quod reprehenderit id velit et. Aut id eum at maiores. Eaque sunt quia molestias sed. Quam id sint earum et aut nihil iste. Tempore esse modi non et.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...