H.I.G. Capital has appointed long‑time executive Brian Schwartz as chief executive officer, succeeding co‑founder Sami Mnaymneh who will become executive chairman. The move follows a decade‑long build‑out that has steered the firm toward a global multi‑strategy platform.

Schwartz, who joined H.I.G. in 1994 and spent six years as co‑president, will steer the firm’s $74bn of assets across private equity, credit and real assets. Co‑founders Tony Tamer and Mnaymneh will continue to shape strategy and investment activity.

In tandem, H.I.G. promoted Doug Berman to co‑president of U.S. private equity, partnering with Rick Rosen. Berman’s leadership has expanded the firm’s middle‑market platform, positioning H.I.G. to capture new deal flow.

The leadership reshuffle underscores H.I.G.’s confidence in its middle‑market focus and signals an intent to leverage its diversified platform to deliver robust returns for investors.