MIAMI—H.I.G. Capital has tapped Steven Schwartz, former head of acquisitions and originations at Torchlight Investors, to head US distressed commercial real estate for its H.I.G. Bayside Capital platform. The investment and finance veteran joins Bayside Capital as a managing director.
Sami Mnaymneh and Tony Tamer, H.I.G.'s co-CEOs, note that Schwartz brings to the company “an enviable record of success, in commercial real estate and has built deep relationships based on flexibility, responsiveness, and a long-term orientation. We are confident that he will make a significant contribution to growing H.I.G.'s distressed investing activities.”
Schwartz was a partner at Torchlight for over six years, serving on its board of directors as well as its investment and operating committees. Before Torchlight, Schwartz spent almost 20 years at JP Morgan, where he ran the CMBS and commercial real estate banking groups.
Bayside Capital is the distressed debt and special situations affiliate of H.I.G. Focused on middle market companies, Bayside invests across several segments of the primary and secondary debt capital markets with an emphasis on long-term returns.
MIAMI—H.I.G. Capital has tapped Steven Schwartz, former head of acquisitions and originations at Torchlight Investors, to head US distressed commercial real estate for its H.I.G. Bayside Capital platform. The investment and finance veteran joins Bayside Capital as a managing director.
Sami Mnaymneh and Tony Tamer, H.I.G.'s co-CEOs, note that Schwartz brings to the company “an enviable record of success, in commercial real estate and has built deep relationships based on flexibility, responsiveness, and a long-term orientation. We are confident that he will make a significant contribution to growing H.I.G.'s distressed investing activities.”
Schwartz was a partner at Torchlight for over six years, serving on its board of directors as well as its investment and operating committees. Before Torchlight, Schwartz spent almost 20 years at
Bayside Capital is the distressed debt and special situations affiliate of H.I.G. Focused on middle market companies, Bayside invests across several segments of the primary and secondary debt capital markets with an emphasis on long-term returns.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Paul Bubny
Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.
