H.I.G. Capital has raised roughly $1.3 billion for its first fund dedicated to midmarket infrastructure businesses, including those helping local governments deal with problems such as traffic congestion, pollution and waste accumulation.

The Miami-based firm said it has made seven investments so far with capital from the new fund, H.I.G. Infrastructure Partners, across Europe and North America in areas such as transportation, telecommunications and clean energy.

Source: REUTER