HIG Capital, a leading alternative asset manager with $74 billion in assets under management, has recently completed a successful succession process. This process has resulted in three career insiders taking over the top leadership positions, with Brian Schwartz being appointed as the new Chief Executive Officer and Doug Berman stepping up as Co-President alongside the incumbent Rick Rosen.
This move marks a significant milestone for HIG Capital as it transitions from its founder-led leadership structure to a new generation of leaders who have been groomed within the company. The decision to promote from within is a testament to the strong talent pool and deep bench strength that HIG Capital has developed over the years.
Brian Schwartz, who previously served as Co-President, has been with HIG Capital for over 20 years and has played a pivotal role in the firm’s growth and success. As the new CEO, he brings a wealth of experience and a deep understanding of the company’s culture, values, and investment philosophy. He is known for his strategic thinking, strong leadership skills, and his ability to build and maintain relationships with clients and partners.
Doug Berman, who has been with HIG Capital for over 15 years, has been promoted to Co-President alongside Rick Rosen. Berman has been instrumental in expanding the firm’s presence in Europe and has been a key contributor to the growth of HIG Capital’s credit and real estate businesses. His extensive experience and expertise in these areas make him a valuable addition to the leadership team.
Rick Rosen, who has been with HIG Capital for over 25 years, will continue to serve as Co-President. He has been a driving force behind the firm’s success and has played a crucial role in building HIG Capital into a leading alternative asset manager. His deep knowledge of the industry and his strong relationships with investors and partners make him an invaluable asset to the company.
The decision to promote Schwartz and Berman to the top leadership positions reflects HIG Capital’s commitment to continuity and stability. It also demonstrates the company’s confidence in the capabilities of its internal talent and its belief in the importance of nurturing and developing its employees.
In a statement, HIG Capital’s founder and former CEO, Sami Mnaymneh, expressed his confidence in the new leadership team, saying, “I am proud to see the next generation of leaders taking over the reins at HIG Capital. Brian, Doug, and Rick have been instrumental in the firm’s success and I have no doubt that they will continue to drive the company forward.”
The new leadership team is expected to build on the strong foundation laid by the founders and take HIG Capital to new heights. They will continue to focus on delivering exceptional returns for their investors and providing innovative solutions to their clients.
HIG Capital’s successful founder succession process is a testament to the company’s strong culture and its commitment to developing and retaining top talent. It also sends a positive message to the industry, highlighting the importance of succession planning and the benefits of promoting from within.
In conclusion, HIG Capital’s new leadership team is well-equipped to lead the company into the future. With their extensive experience, strong leadership skills, and deep understanding of the company, they are poised to continue HIG Capital’s legacy of success and drive the firm towards even greater achievements. The future looks bright for HIG Capital under the leadership of Brian Schwartz, Doug Berman, and Rick Rosen.
