H.I.G. Capital, a Miami-based alternative investment firm with $75 billion under management, appointed three executives to its Capital Formation Group on May 21, 2026, signaling an aggressive push into the private wealth distribution channel. Brian Dutzar joined as Managing Director based in Denver, while Adam Whitman and Steven Stack assumed Principal roles in New York and Chicago, respectively. The hires will focus on capital raising across the firm's private equity, credit, and real assets strategies targeting registered investment advisors, family offices, and wealth management platforms.
Jordan Peer Griffin, Executive Managing Director and Global Head of Capital Formation at H.I.G., said in the company's press release that the private wealth channel represents one of the firm's largest growth opportunities. Whitney Ehrlich, Managing Director and Head of U.S. Private Wealth Management, added that the appointees bring deep client relationships and channel expertise to strengthen H.I.G.'s distribution footprint. The announcement reflects what industry observers describe as a strategic pivot across alternative asset management, where firms historically reliant on institutional capital are now aggressively competing for access to high-net-worth investors through advisory channels.
Dutzar was previously a Managing Director at Monroe Capital, where he led business development with registered investment advisors, multi-family offices, broker-dealers, and high-net-worth clients across the Central and Western United States. Whitman served as Principal at Sculptor Capital, managing relationships with RIAs, multi-family offices, and wirehouse firms in the Southeast and Mid-Atlantic. Stack joined from Neuberger Berman, where he held the title of Regional Vice President and led business development with multi-family offices and RIAs across the Midwest. Stack previously consulted with RIAs at Guggenheim Investments and managed institutional fixed income portfolios at UBS, while holding an M.B.A. in Economics from the University of Chicago's Booth School of Business.
Founded in 1993, H.I.G. Capital is headquartered in Miami and manages capital across private equity, credit, real estate, and infrastructure strategies. The firm has invested in and managed more than 400 companies worldwide, with a current portfolio exceeding 100 companies generating combined sales of $53 billion. In April 2026, Brian Schwartz assumed the chief executive role from co-founder Sami Mnaymneh, who retained the position of executive chairman. The firm operates roughly 1,000 employees globally with more than 500 investment professionals.
The appointment signals H.I.G.'s belief that the wealth advisor channel now represents a core long-term growth engine rather than merely an incremental fundraising channel. This aligns with a broader industry transformation in which alternative asset managers face slowing institutional allocation growth and rising demand from wealth advisors seeking private market exposure. The three hires collectively bring national coverage across major advisor distribution networks, positioning H.I.G. to compete more effectively in an intensely crowded marketplace for advisor shelf space and investor mindshare during a period when private credit, infrastructure, and real assets have become increasingly attractive to wealth advisors seeking yield, diversification, and inflation protection.
