Scaling BPS solutions and pure-Higgs states

Depending on the value of the coupling, BPS states of type II string theory compactified on a Calabi-Yau manifold can be described as multicenter supergravity solutions or as BPS states in a quiver gauge theory. While states that spread into the Coulomb-branch states can be mapped one-to-one to supergravity states, this is not automatically so for the majority of Higgs-branch states. In this paper we explicitly compute the BPS spectrum of the Higgs branch of a three-center quiver with a closed loop, and identify the subset of states that are in one-to-one correspondence with Coulomb/supergravity multicenter states. We also show that there exist additional pure-Higgs states, that exist if and only if the charges of the centers can form a scaling solution. Using generating function techniques we compute the large charge degeneracy of the pure-Higgs sector and show that it is always exponential. We also construct the map between Higgs- and Coulomb-branch states, discuss its relation to the Higgs-Coulomb map of one of the authors and Verlinde, and argue that the pure Higgs states live in the kernel of this map. Given that these states have no obvious description on the Coulomb branch or in supergravity, we discuss whether they can correspond to a single-center black hole or can be related to more complicated horizonless configurations.