Fund Managers

Dyal buys minority stake in HIG Capital

Dyal acquired less than 15 percent of the Miami-based private equity firm in a deal that reportedly values HIG at $4.5b, according to PDI sister publication Private Equity International. 

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New York-based investment firm Neuberger Berman's permanent capital vehicle, Dyal Capital Partners III, has acquired a minority stake in private equity firm HIG Capital. The deal values HIG at around $4.5 billion, according to media reports.

 

A permanent capital vehicle, unlike a typical private equity fund, can continue to make investments permanently, meaning it is not required to sell assets and distribute the returns within a set period of say ten to twelve years.

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