- September 14, 2021
- Posted by: higgrowth
- Category: Uncategorized
H.I.G. Growth Partners
One Sansome Street
San Francisco, CA 94104
SAN FRANCISCO – September 14, 2021 – H.I.G. Growth Partners (“H.I.G. Growth”), the dedicated growth capital investment affiliate of H.I.G. Capital, is pleased to announce that Managing Director Scott Hilleboe has been promoted to Co-Head of H.I.G. Growth to work alongside Ross Hiatt who has been hired as a Managing Director and Co-Head; both will be based in San Francisco and will lead the day-to-day investment activities of H.I.G. Growth. They succeed John Black who will remain with H.I.G. Growth as a Senior Advisor.
Scott has almost two decades of experience investing in venture capital and private equity transactions, and focuses on SaaS software, cybersecurity, marketplaces, consumer tech, artificial intelligence, machine learning, and hard tech. Prior to joining H.I.G. Growth in 2018, Scott was a Partner with Revolution and a Managing Director with Steamboat Ventures. Scott has led or co-led over 30 investments in many industry-leading technology companies including BigCommerce, EdgeCast, Elemental, Handy, MediaOcean, SpareFoot, and Quigo. Scott has extensive operating experience, and has held strategy, business development, and engineering positions at IBM, LaSalle Partners, and Synopsis. Scott graduated Phi Beta Kappa, magna cum laude with a B.S.M.E. degree from the University of Washington and an M.B.A. from Harvard Business School.
Ross has over two decades of investing and finance experience, and focuses on consumer internet, B2B and B2C marketplaces, digital media and entertainment, fintech and enterprise technology. Before joining H.I.G. Growth, he was a senior member of the technology investment team at TPG Capital and was responsible for all aspects of investment sourcing, execution and oversight. Prior investment and board experience includes Calm.com, Dream11, Goal.com, Age of Learning (ABCmouse) and Pray. Before TPG, Ross spent ten years at Goldman Sachs where he worked alongside some of the world’s leading technology companies. Ross began his career in the leveraged finance group at J.P. Morgan. Ross earned a B.B.A. from The University of Texas at Austin and an M.B.A. from the Graduate School of Business at Columbia University, both with honors.
For over a decade, H.I.G. Growth has invested broadly across technology and consumer industries. Technology investments include industry leaders such as Invoca, MX Technologies, ServiceTitan and JumpCloud; and consumer investments include Lulus, Parachute Home and Scuf Gaming. This transition enhances H.I.G. Growth’s ability to identify and support innovative growth stage opportunities, consistent with its history of majority transactions with growth stage minority investment opportunities.
“H.I.G. Capital has a long history of using a value-added approach to drive performance, and H.I.G. Growth has proven time and again the ability to partner with high-growth businesses and drive value,” said H.I.G. Capital Founders and Co-CEOs Sami Mnaymneh and Tony Tamer. “The leadership transition to Scott and Ross marks another important step in our efforts to deliver differentiated value to our investors.”
“I’m thrilled to welcome Scott and Ross into these leadership positions,” said Brian Schwartz, Co-President of H.I.G. Capital. “Their investing and technology experience will be invaluable as we continue to expand and accelerate our investments in growth-stage organizations.”
Hilleboe and Hiatt stated, “We’re excited to partner in the leadership and expansion of our strategy as we invest in high-growth, industry-leading businesses. We look forward to building on the team’s strong track record and working together to foster and expand the portfolio.”
About H.I.G. Growth Partners
H.I.G. Growth Partners is the dedicated growth capital investment affiliate of H.I.G. Capital, a leading global alternative investment firm with $45 billion of equity capital under management.* H.I.G. Growth seeks to make both majority and minority investments in strong, growth-oriented businesses located throughout North America, Europe and Latin America. H.I.G. Growth Partners considers investments across all industries but focuses on certain high-growth sectors where it has extensive in-house expertise such as technology, healthcare, internet and media, consumer products and technology-enabled financial and business services. H.I.G. Growth strives to work closely with its management teams to serve as an experienced resource, providing broad-based strategic, operational, recruiting, and financial management services from a vast in-house team and a substantial network of third-party relationships. For more information, please refer to the H.I.G. website at www.HIGgrowth.com.
About H.I.G. Capital
H.I.G. is a leading global alternative assets investment firm with $45 billion of equity capital under management.* Based in Miami, and with offices in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco, and Atlanta in the U.S., as well as international affiliate offices in London, Hamburg, Madrid, Milan, Paris, Bogotá, Rio de Janeiro and São Paulo, H.I.G. specializes in providing both debt and equity capital to small and mid-sized companies, utilizing a flexible and operationally focused/ value-added approach:
1. H.I.G.’s equity funds invest in management buyouts, recapitalizations and corporate carve-outs of both profitable as well as underperforming manufacturing and service businesses.
2. H.I.G.’s debt funds invest in senior, unitranche and junior debt financing to companies across the size spectrum, both on a primary (direct origination) basis, as well as in the secondary markets. H.I.G. is also a leading CLO manager, through its WhiteHorse family of vehicles, and manages a publicly traded BDC, WhiteHorse Finance.
3. H.I.G.’s real estate funds invest in value-added properties, which can benefit from improved asset management practices.
4. H.I.G. Infrastructure focuses on making value-add and core plus investments in the infrastructure sector.
Since its founding in 1993, H.I.G. has invested in and managed more than 300 companies worldwide. The firm’s current portfolio includes more than 100 companies with combined sales in excess of $30 billion. For more information, please refer to the H.I.G. website at www.higcapital.com.
* Based on total capital commitments managed by H.I.G. Capital and affiliates.