H.I.G. Capital hires head of Asia

H.I.G. Capital has appointed Younghee Choi as head of Asia within its Capital Formation Group, positioned in Hong Kong to oversee regional fundraising efforts across the firm's private equity, credit, and real assets investment platforms. The hire signals H.I.G.'s strategic focus on deepening its capital-raising capabilities in one of the world's most dynamic institutional investment markets.

Choi brings more than 15 years of experience in capital formation and private markets. She previously worked at Blackstone, where she held the position of senior managing director and head of Korea institutional client solutions. In that role, she built relationships with major institutional investors and established Blackstone's private wealth fundraising operations in Korea, positioning her as an established figure within Asia's institutional investor ecosystem.

H.I.G. Capital, which manages $75 billion in capital, operates across multiple alternative investment strategies including management buyouts, recapitalizations, corporate carve-outs, senior and junior debt financing, real estate, and infrastructure. The firm has deployed capital to more than 400 companies since its founding in 1993 and currently holds over 100 portfolio companies with combined annual sales exceeding $53 billion. Jordan Peer Griffin, executive managing director and global head of capital formation at H.I.G., stated that Choi's deep experience and established investor relationships will strengthen the firm's regional presence and capital formation initiatives in Asia.

The appointment reflects broader trends among large alternative asset managers to expand dedicated regional leadership in Asia, where institutional capital from sovereign wealth funds, pension funds, family offices, and corporations continues to grow substantially.