H.I.G. Capital Builds Out Insurance Vertical with Two Senior Hires
Event summary
- H.I.G. Capital added Clark Jeffries as Managing Director and Global Head of Insurance, and Gary Droscoski as Managing Director in its Capital Formation Group on March 30, 2026.
- The firm is expanding insurance capabilities with a dedicated vertical focused on liability-driven investments for insurers.
- Jeffries brings nearly two decades of experience from roles at Somerset Reinsurance and Bank of America.
- Droscoski has over 25 years in institutional sales, previously holding senior roles at PGIM Private Alternatives and New York Life Investments.
The big picture
H.I.G.'s expansion into insurance investing reflects broader industry trends where insurers increasingly seek tailored, liability-matched investment strategies in private markets. With $74 billion in AUM, the firm is positioning itself to capture a growing segment of institutional capital seeking middle-market exposure. The hires suggest a strategic bet on deepening relationships with insurers as primary investors.
What we're watching
- Insurance Capital Allocation
- How H.I.G. will structure products to align with insurers' long-duration investment needs.
- Middle Market Origination
- Whether the new vertical can scale deal flow in specialized middle-market insurance opportunities.
- Competitive Positioning
- The pace at which H.I.G. can differentiate itself from other alternative asset managers targeting insurance capital.
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