HIG hires Citi banker

The firm makes its first appointment to its direct lending team since the promotion of Appu Mundassery to lead its European operations.

HIG Whitehorse, the direct lending affiliate of private equity firm HIG Capital, has appointed Kenneth Borton as a managing director from Citi.

Borton spent more than 17 years at the bank, where in his most recent role he was a managing director in the firm’s mezzanine and direct lending team. He was tasked with sourcing opportunities in the EMEA region and also has experience in structured finance and special situations.

He has overseen transactions valued at more than $500 million across his career, according to a statement from the firm. He will work in the firm’s London office.

John Bolduc, executive managing director, said: “Borton is a very experienced, international direct lending investor who augments the capabilities of our team. I am confident he will play an instrumental role in continuing to grow HIG’s direct lending activities in Europe.”

Borton’s hiring is the first confirm by the firm since it promoted Appu Mundassery to lead its European direct lending team last year. Mundassery joined the firm in 2009 and heads up a direct lending team with offices in France, Germany, Italy, Spain and the UK.

HIG is headquartered in Miami and manages private debt investment strategies in both the US and Europe. It focuses on investments in the mid-market with companies with an EBITDA up to €25 million. Across all of its investment strategies, the firm has more than €20 billion of assets under management.