H.I.G Capital has raised $2.39 billion for a U.S. buyout fund focused on mid-market companies, Financial News reported. H.I.G. is seeking $2.75 billion for the HIG Advantage Fund, up from its initial $2.25 billion target, the story said, citing an SEC filing. H.I.G. of Miami invests in small to mid-market companies valued at between $50 billion to $500 million, Financial News said.

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