Private debt fund provides capital to promising growth businesses that have been historically underserved by traditional lending sources.
Los Angeles, CA, November 01, 2010 — Small to lower middle market businesses and their capital needs have been historically underserved by traditional lending sources. In the current market, this is further aggravated by the continued constriction of credit showing few signs of abating in the marketplace.
“It is smaller private companies that will likely lead the economic recovery in 2011,” said Saif Mansour, Managing Partner at Breakwater Investment Management, LLC. “As these businesses increasingly look to take advantage of upcoming commercial growth opportunities, Breakwater is able to provide much needed new capital to allow for the hiring of new staff, development of new products and expansion into new markets.”
The Breakwater Structured Growth Opportunity Fund, LP (“Breakwater” or the “Fund”) is a private investment partnership organized in August 2008. The objective of the Fund is to generate both current income and capital appreciation through structured debt investments, primarily in smaller and middle market companies across a variety of industries.
According to the 2009 Year-End Economic Report published by the National Small Business Association, 39% of small businesses report they are unable to get adequate financing for their businesses. And banks remain as reluctant as ever to finance smaller businesses, as they continue trying to limit their risk amid the slow economic rebound.
“We believe there are tremendous lending opportunities in the market for the Fund and Breakwater is well positioned to assist smaller companies in times of economic recession or expansion,” said Mansour. “The Fund targets highly promising growth-oriented companies underserved by the capital markets that have limited alternatives to scale their operational plans.”
About Breakwater Investment Management, LLC
Breakwater Investment Management (www.breakwaterfund.com) is a private investment firm that specializes in direct investments in small to lower middle market growth businesses ranging in annual sales of $5 million to $100 million. The firm serves as general partner of Breakwater Structured Growth Opportunities Fund, LP, a $100 million open-ended private investment partnership organized in August 2008 under Delaware law. The Fund’s investment objective is to generate both current income and capital appreciation through secured debt investments accompanied with equity participation rights, primarily in growth-oriented companies across a variety of industries.
If you would like to know more about Breakwater, visit http://www.breakwaterfund.com or call (310) 479-4056.
Press Release Distribution By PressReleasePoint
Contact:
Emilia Doerr
Breakwater Investment Management, LLC
Los Angeles, CA
310-709-4620
[email protected]
http://www.breakwaterfund.com
