H.I.G. Capital Expands Capital Formation Team with Sean Nelson Hire

What's Happening: H.I.G. Capital, a global alternative investment firm with $67 billion in capital under management, has hired Sean Nelson as Managing Director in its Private Wealth Management team within the Capital Formation Group. Nelson, previously with KKR for 13 years, will focus on providing H.I.G.'s full range of fund offerings to RIAs, family offices, and other wealth management firms.

The Key Moves:

• Sean Nelson joins H.I.G. Capital as Managing Director in Private Wealth Management team

• Nelson to focus on providing H.I.G.'s fund offerings to RIAs, family offices, and wealth management firms

• Move underscores H.I.G.'s commitment to expanding in the private wealth channel

By The Numbers :

• H.I.G. Capital manages $67 billion in capital

• H.I.G. has invested in and managed more than 400 companies worldwide

• H.I.G.'s current portfolio includes over 100 companies with combined sales exceeding $53 billion

Key Quotes:

• "We are excited to welcome Sean to the team and deepen H.I.G.'s focus on the private wealth channel," said Whitney Ehrlich, Head of H.I.G. U.S. Private Wealth Management

• "Sean's background of working with leading wealth platforms will help us customize solutions to address their clients' needs," remarked Jordan Peer Griffin, Executive Managing Director and Global Head of Capital Formation

• "We are continuing to build out our team to better serve the private wealth community," added Jordan Peer Griffin

The Bottom Line: H.I.G. Capital's hiring of Sean Nelson signals a strategic move to strengthen its presence in the private wealth sector. This expansion aligns with the growing trend of alternative investment firms targeting high-net-worth individuals and smaller institutional investors. The move could potentially increase H.I.G.'s access to capital and diversify its investor base.

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