The Bayside II fund, like its predecessor fund, will target stressed and distressed middle market and lower middle market investment opportunities. It will have the ability to acquire existing debt on the secondary market, provide debt financing to companies which may not have access to such funding from traditional sources, as well as make equity infusions into companies facing operational and/or capital structure challenges. It typically targets companies with a total enterprise value of up to $400 Million, where it can use H.I.G.'s extensive operating resources to be a value-added partner and help make significant improvements in the performance and profitability of companies in which it invests.

With offices in Miami, Boston, San Francisco and Atlanta, as well as affiliate offices in London, Paris and Hamburg, H.I.G. currently manages in excess of $7.5 Billion of equity capital. With over 150 investment professionals worldwide, H.I.G. is one of the largest and most active investors in the U.S. and Europe in small and middle market companies. Since its founding in 1993, H.I.G. has completed more than 200 transactions and currently manages a portfolio of more than 50 companies with combined revenues in excess of $7 Billion.

In addition to its distressed activities, H.I.G. Capital is an active investor in private equity/LBO's, venture capital through its H.I.G. Ventures affiliate, and publicly traded equities through its Brightpoint Capital affiliate.