Breakwater Investment Management – a lower middle market private debt and equity firm – has added Walter Chung as a Director on its investment team.
Prior to joining Breakwater, Mr. Chung served as a Director with THL Credit’s direct lending platform, where he was responsible for sourcing, evaluating and managing investments. He previously worked at Libra Securities, a Los Angeles-based investment bank, where he focused on private placements and M&A transactions.
“I’m thrilled to be joining Breakwater at an exciting period of growth for the firm. I was drawn to the creativity and integrity that the Breakwater team brings to all of its transactions, and am looking forward to supporting the firm’s continued expansion in private company direct lending and growth equity investing,” said Mr. Chung.
Breakwater specializes in direct investments in small to lower middle market growth businesses with annual sales ranging from $10 million to $200 million. The firm looks to generate both current income and capital appreciation through secured debt investments and equity participation rights, primarily in growth-oriented companies across a variety of industries.
“Walter’s experience investing in the middle market, from both a deal sourcing and analytical perspective, will be a tremendous asset to our business,” said Managing Partner Saif Mansour.
Breakwater was founded in 2007 and is headquartered in Los Angeles (www.breakwaterfunds.com).
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