H.I.G. Capital, a leading global private equity investment firm with €17bn of equity capital under management, has recruited Graham Emmett as managing director in its real estate team based in the London office.
He will lead H.I.G. Capital’s real estate structured finance investments.
Emmett joins from Cheyne Capital, where he was an investment partner in the real estate division and lead portfolio manager of its listed real estate debt vehicle. Prior to which he was a partner at Emmett ICG Longbow and served as head of lending and corporate finance on the executive management team at NAMA.
Sami Mnaymneh, Co-Founder and Co-CEO of H.I.G., said: “I am delighted to welcome Graham to the firm. He is a very experienced and successful real estate investor who significantly augments the expertise and capabilities of our team. I am confident he will play an instrumental role in growing H.I.G.’s real estate structured finance activities in Europe”.
Earlier in his career, Emmett was a member of Goldman Sach’s Special Situations Group, where he was head of the European mezzanine debt investments team and finance director of Delancey Estate.
HIG Capital’s senior adviser, David Hunter, has stepped down from his role following the decision by HIG Capital to create a UK and European property debt business.
Hunter said: “I am very sorry to be ending this role but the new HIG debt business will be in direct competition with ICG-Longbow, where I am Chairman, and would leave me heavily conflicted. I have enjoyed my role advising the HIG Private Equity real estate business and wish them well in the future.”
H.I.G. Capital’s European real estate platform targets direct principal equity investments, junior debt investments and whole loans in opportunistic real estate investments across Europe. The focus is on value add assets in all sectors through achievable repositioning strategies, thus improving asset performance, and achieving attractive risk adjusted returns for investors.
With offices in London, Madrid, and Milan, the H.I.G. European real estate team is active across a wide spectrum of real estate asset classes. It has completed 25 transactions across multiple jurisdictions in Europe in the last two years including the U.K., Ireland, Spain, Italy, Portugal, the Netherlands, Norway, Sweden and Finland.
With the ability to invest in all parts of the capital structure, H.I.G. Capital is able to develop creative financing solutions and consummate transactions on an expedited basis. Typical investment size ranges from €10m to €100m.