16 June 2017USA analysis

Hamilton Captive Management boosted by Breakwater transaction

Breakwater Investment Management has announced the recent closing of a financing transaction to support the continued growth of Hamilton Captive Management.

Breakwater said that it provided a senior secured term loan through its direct lending vehicle, the Breakwater Credit Opportunities Fund. Based in Los Angeles, Breakwater is a private investment firm that specialises in direct debt and equity investments in leading lower middle market companies. Breakwater has been investing since 2009 through its Credit Opportunities Fund and co-investment vehicles.

Hamilton’s founder and CEO Peter J. Strauss stated: “Breakwater was a thoughtful and flexible partner in this financing, and we look forward to benefiting from the team’s knowledge as Hamilton executes on its various growth initiatives.”

Eric Beckman, managing partner at Breakwater, commented: “Peter Strauss has led Hamilton to become a leading captive insurance manager with a highly scalable business model and industry-leading client retention rates. Breakwater is excited to partner with Peter to help drive Hamilton’s continued expansion.”