Ex-Blackstone senior exec Akazhanov joins HIG Capital as Advantage Fund managing director

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Former Blackstone senior exec Timur Akazhanov has been brought in by HIG Capital as a managing director of the firm’s Capital’s Advantage Fund.

Akazhanov will focus on investing in business services and tech-enabled services sectors for HIG, with the Advantage Fund seeking control equity investments in more stable companies with EBITDA between $25m and $150m.

At Blackstone Akazhanov focused on industrials, education and service businesses. He also previously spent four years at Bain Capital and two years at McKinsey and Company.

HIG co-president Brian Schwartz said, “We are delighted to welcome Timur to the team. His deep industry experience will be invaluable to the Advantage team as we continue sourcing promising opportunities for the Advantage Fund.”

Earlier this month HIG brought in former Alcentra managing director Pascal Meysson as head of its European direct lending operation.

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