H.I.G. Capital, a Miami-based private equity firm, has closed H.I.G. Capital Partners V at its $1 billion hard cap. The fund will continue the strategy of its four predecessor funds, focusing on private equity, buyout and equity-related investments in lower middle-market companies primarily in the United States. Founded in 1993, H.I.G. specializes in providing capital to small and medium-sized companies with attractive growth potential. The firm looks to invest in manufacturing and service businesses through management-led buyouts or recapitalizations, as well as in high growth companies through growth/development capital investments.