US-based private equity firm HIG Capital, which manages assets of over $49 billion, has appointed industry veteran Oliver Slade as its managing director to head its Capital Formation Group in Dubai.
HIG said in a statement Slade will be responsible for capital-raising and investor relations activities across the Middle East region. Slade, who joins HIG from Swiss PE firm Partners Group, has been based in the region for 17 years.
At Partners Group, he was the head of Middle East and Africa, and was responsible for the firm’s development and capital-raising activities. Before joining Partners Group, he was working in a similar role at GAM Investments.
HIG is at least the second American private equity firm this month to hire a senior executive for its Middle East operations. Earlier this month, Clayton, Dubilier & Rice (CD&R) said it appointed former CVC Capital Partners executive Amr Nossier as senior advisor for its Middle East operations.
Jordan Peer Griffin, executive managing director and Global Head of Capital Formation at HIG, said Slade is a key addition to establish a local presence in the Middle East, where HIG has a long-tenured group of investors.
“Oliver will be integral to further expanding our investor base at a time when the firm’s investment activities are at an all-time high across our global platform in private equity, credit, and real assets strategies,” Griffin said.
HIG is headquartered in Miami, Florida. It also operates out of New York, Boston, Chicago, Dallas, Los Angeles, San Francisco, and Atlanta in the US. Its international affiliate offices are located in London, Hamburg, Madrid, Milan, Paris, Bogotá, Rio de Janeiro and São Paulo.
The firm provides both debt and equity capital to small and mid-sized companies. Its equity funds invest in management buyouts, recapitalizations and corporate carve-outs of both profitable as well as underperforming manufacturing and service businesses.
Its debt funds invest in senior, unitranche and junior debt financing to companies across the size spectrum, both on a primary (direct origination) basis, as well as in the secondary markets. HIG also has a real estate portfolio and invests in the infrastructure sector.