H.I.G. Capital LLC's credit affiliate raised approximately $1.1 billion for H.I.G. Whitehorse Principal Lending Fund LP and other parallel investment vehicles at closing.

The fund, managed by H.I.G. WhiteHorse Advisers LLC, will invest in tailored senior secured financing solutions to mainly off-the-run, sponsor-owned North American companies. The investor base for the fund is spread across U.S., Europe, Asia and the Middle East.