# H.I.G. Whitehorse Advisers, LLC

> H.I.G. Whitehorse Advisers, LLC is an SEC-registered investment advisory firm in Miami, FL, registered since 2012, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated March 31, 2026.

- CRD: 164905
- Filed as: H.I.G. WHITEHORSE ADVISERS, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Miami, FL
- Filing period: October 2026
- Form ADV filing dated: March 31, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/164905
- AdvisorCensus page: https://advisorcensus.com/firm/h-i-g-whitehorse-advisers-llc-miami-fl-164905

## Quick answers

**How is H.I.G. Whitehorse Advisers, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), H.I.G. Whitehorse Advisers, LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is H.I.G. Whitehorse Advisers, LLC located?**
H.I.G. Whitehorse Advisers, LLC's principal office is in Miami, FL, according to its Form ADV; the April 2026 filing also lists 5 other offices (Schedule D, Section 1.F).

**Is H.I.G. Whitehorse Advisers, LLC registered with the SEC or a state?**
H.I.G. Whitehorse Advisers, LLC is an SEC-registered investment advisory firm, registered since 2012. Status as filed: Approved. CRD 164905.

**How much does H.I.G. Whitehorse Advisers, LLC manage?**
H.I.G. Whitehorse Advisers, LLC reports $615,128,821 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (100% discretionary).

**How have H.I.G. Whitehorse Advisers, LLC's assets and staff changed since 2021?**
In the Form ADV data for H.I.G. Whitehorse Advisers, LLC: Regulatory assets under management: $718,988,939 in the October 2021 data and $615,128,821 in the October 2026 data, down 14%. Total employees: 58 in October 2021 and 82 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does H.I.G. Whitehorse Advisers, LLC serve?**
By number of clients on Form ADV Item 5.D: business development companies (1).

**Does H.I.G. Whitehorse Advisers, LLC report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/164905

**What changed in H.I.G. Whitehorse Advisers, LLC's recent Form ADV filings?**
In the April 2026 filing data: Changed its office addresses in Chicago, IL. Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees

### Regulatory assets under management (Item 5.F)
- Total: $615,128,821
- Discretionary: $615,128,821
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Business development companies | 1 | $615,128,821 |

### Advisory services (Item 5.G)
- Portfolio management for investment companies (and business development companies)

### Firm details
- Registered since: 2012 (14 years)
- Employees: 82 total, 69 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, CT, FL, IL, NY
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the April 2026 filing
- Chicago, IL
- Los Angeles, CA
- New York, NY
- San Francisco, CA
- Stamford, CT

### Websites listed on Form ADV (Item 1.I)
- whitehorse.com

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $718,988,939 | 58 | March 30, 2021 |
| October 2022 | $851,018,986 | 67 | March 31, 2022 |
| October 2023 | $796,471,518 | 75 | March 31, 2023 |
| October 2024 | $730,751,522 | 81 | March 29, 2024 |
| October 2025 | $676,820,626 | 82 | March 31, 2025 |
| October 2026 | $615,128,821 | 82 | March 31, 2026 |

Regulatory assets under management: $718,988,939 in the October 2021 data and $615,128,821 in the October 2026 data, down 14%.
Total employees: 58 in October 2021 and 82 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Changed its office addresses in Chicago, IL.
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. H.I.G. Whitehorse Advisers, LLC (CRD 164905): Form ADV filing data as of October 2026.