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.

Instant Insights /

Torchlight's Schwartz Joins H.I.G. Bayside

Related Stories

Recommended For You