Bayside Capital promotes former banker to MD

Andrew Scotland, who joined HIG Capital’s distressed credit unit two years ago, has been made managing director.

HIG Capital has promoted Andrew Scotland to managing director within its distressed debt and special situations unit, Bayside Capital. 

London-based Scotland joined the firm from Royal Bank of Scotland in 2013 as principal and had been a managing director in the special situations group. During more than six years at the UK bank he the senior analyst focused on European distressed debt. 

Scotland’s résumé includes stints at ABN AMRO, Citigroup and Credit Suisse. 

“Andrew has led a number of successful investments at HIG and we look forward to his continued success as a member of our senior leadership team,” said John Bolduc, executive managing director of HIG Capital. 

Bayside Capital makes both primary and secondary senior, unitranche and junior loans investments, and the firm manages CLOs through its WhiteHorse vehicles as well as managing a public BDC, WhiteHorse Finance. 

Alternative investment firm HIG Capital has €17 billion in capital under management. It is based in Miami and has offices in New York, Boston, Chicago, Dallas, San Francisco, and Atlanta in the US, as well as international affiliate offices in London, Hamburg, Madrid, Milan, Paris and Rio de Janeiro.